NIFTY Predictions for 2021 and next 12 months

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NIFTY Predictions for 2021 and next 12 months

28 Nov 2020
NIFTY Predictions for 2021 and next 12 months
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Crowdwisdom360
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NIFTY Predictions for 2021 and next 12 months: The Benchmark NIFTY closed steady at 12969 on the 27th of November. FIIs continued once again to be Net Buyers while DIIs continue to pull money out of the market. Here is how NIFTY and various Global Indices have performed over the last one month

Last 1 month performance as of end of November 27th

NIFTY + 10.6% 

Nikkei + 13.8 % (Japan)

DJIA + 12.8% (US)

NASDAQ + 10.9% (US Tech)

DAX: 15.4% (Germany)

Hang Seng: 8.8% (Hong Kong)

2. Trading Recommendations and Advice

HDFC securities is bullish on the market and says that there is lot of support at 12800

Analyst on Moneycontrol specifies a Range of 12750 and 13145 (Nov 26th)

12850 to 12900 are key levels to watch out (ET Nov 26th). Moneycontrol believes 12833 is a key level to watch out. Resistance is at 13150

Motilal Owal recommends booking some profits now

Economic Times asks retail investors to be very careful

This analysis in the Mint believes that NIFTY has still some way to go up in the long term

Support levels at 12700 and Resistance at around 13100 (23rd November - Business Standard)

NIFTY headed towards 13200 (23rd Nov Economic Times)

NIFTY to consolidate between 12750 to 13000 (23rd Nov Economic Times)

NIFTY will face some resistance at 13000 but can move quickly to 13200 (Moneycontrol, 23rd Nov)

HDFC AMC has cut positions in key Index stocks

3. NIFTY Predictions, Forecasts and Recommendations

  1. Morgan Stanley predicts 50000 for SENSEX by December 2021, this translates to 14600 for the NIFTY by December 2021 (Nov 17th)
  2. 1000 point retracement likely at some point soon (BusinessWorld) (Nov 16th)
  3. NIFTY could hit 13100 to 13200 in the next few days: Angel Broking, 12450-12600 is a buying opportunity (Nov 16th)
  4. Nomura has set a target of 13640 for NIFTY by end of 2021 (Nov 15th)
  5. investing.com recommends a strong buy on the basis of technicals (Nov 13th)
  6. Goldman Sachs raised NIFTY target to 14100 by the end of 2021 (Nov 12th)
  7. Naveen Kulkarni, Axis Securities predicts NIFTY at 14000 by next Diwali (Nov 11th)
  8. AK Prabhakar, IDBI capital forecasts 13000 by next Diwali (Nov 11th)
  9. Narendra Solanki predicts a 14000 by next Diwali, Read numerous other 2021 forecast on Economic Times
  10. Citigroup predicts a target of 11700 by September 2021 (29th Oct)

 

4. How are various Index stocks performing?  Updated on 28th November 2020

* Moved up or down means moving from one group of stocks to another

*Big mover tag is a stock that is travelled multiple tiers in a short period of time

*Volatile is a stock has moving up and down different tiers recently

 

15 Stocks are within 5% off their yearly highs

Tata Steel, Divis Lab, Grasim, Ultracem Co, Asian Paints, Kotak Bank, HDFC Bank, M&M, Bajaj FinanceJSW Steel, Tech Mahindra , HINDALCO, Adani Ports, TITAN

Bajaj Auto (Moved up)


Another 12 Stocks are within 10% off their yearly highs

HDFC Life (Moved Down), Infosys (Moved down), Shree Cements (Moved down), Nestle Industries (Moved down)

Eicher Motors, TCS, Maruti, Powergrid, WIPRO, HCL Tech, Sun Pharma

Hero Moto Corp (Moved up)

 

10 Stocks are between 10 and 20% off their yearly highs

HDFC, Cipla, ICICI Bank, Dr Reddy, Britannia, Tata Motors, Bajaj Finserv, SBI Life

Hindustan Unilever,  Reliance Industries

 

13 Stocks are more than 20% off their yearly highs

L & T (Moved down)

Axis Bank, Coal India, State Bank of India, NTPC, ONGC, IndusInd Bank, GAIL, BPCL, ITC, Bharti Airtel, IOC, UPL

 

5. How is the Market Liquidity Position? - FII, DII inflows this month (As of 25th November 2020)

FII -> Rs 65317 Crores (positive trend for 7 days, Highest in last one week yesterday) - Cash

DII -> (-) Rs 48319 crores (negative trend for 7 days) - Cash

 

6. Domestic Macros - Inflation, IIP, GDP, PMI CCI etc

India's Q2 GDP numbers were above expectations with a negative growth of -7.5%. GDP growth is likely to be positive in the 3rd quarter of 2020-21

Core Sector numbers reported for October show negative growth

Consumer Inflation - 7.6% in October versus 7.27% in September

IIP - 0.2% in September versus 4.6% in September

Merchandise Trade , Exports: $ 24.9 B (Down 5%), Imports: $ 33.9 B (Down 11.5%)

PMI (Purchasing Managers Index) , Manufacturing- 58.9 in October versus 56.8 in September, above 50 is positive

PMI Services - 54.1 in October versus 49.8 in September

Business Outlook - +ve, Jobs (-) ve

Unemployment - 6.5%  (Improved over last week)

7. Major Newsflow 

India is likely to produce 100 million doses of sputnik v vaccines

- Astra Zeneca announced its vaccine

- A new CMIE analysis found that company profits are growing at a faster pace than wages

- Both Goldman Sachs and the RBI estimate that the Indian economy will perform better than expected this financial year with the RBI forecasting that India will record positive GDP growth in the third quarter.

Government of India announced another round of stimulus as number of COVID cases in India began to fall

NIFTY Predictions for 2021 and near future

 

Read our Gold Price Predictions analysis here

 

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a SEBI registered advisor to guide you on your financial decisions. 

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