Update for 26th January 2021: SGX NIFTY closed 0.4% lower at 14197 this evening
NIFTY closed 0.9% lower at 14239 yesterday. Both FIIs and DIIs were net sellers, two days in a row. FII Net purchase in January has been Rs 20312 crores, DII net sales has been (-16147) crores.The momentum has slowed on both.
Overall, NIFTY trends look positive with high FII liquidity and a rapidly improving domestic economy. However, P/E at 38.4 is high by historic standards and hence risky. Domestic Investors have generally been much more cautious over the last two months. That said, ICICI Direct analysis suggests that comparison with historic PE ratios may not be correct.
Global COVID cases increased by 0.45 million on 25th January. The US added 152244 cases while UK added 22195 cases. Overall daily new cases are seeing a downward trend.
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1. NIFTY Predictions for Today: NIFTY support and resistance (27th January 2021)
|On Economic Times||14200||14450|
|on Moneycontrol||14018 (S3)||14542 (R1)|
|On Investing.com||14018 (S3)||14542 (R1)|
2. NIFTY Predictions for 2021: NIFTY Predictions, Forecasts and Recommendations
3. NIFTY Predictions for 2021 and today: Markets Summary
Here is how NIFTY and various Global Indices have performed on the last trading day and over the last one month
|Share Index||Performance on 26th of January||Performance Over 1 Month|
|NASDAQ (US Tech)||
|Hang Seng (Hong Kong)||
|One Week Change||Sector|
|BAJAJFINSV||10.0%||Financial Services - Diverse|
|LT||2.7%||Engineering and Infra|
|TITAN||0.0%||Watches, Jewellery and Diamonds|
|RELIANCE||-1.9%||Telecom and Petroleum|
5. NIFTY Predictions for 2021 and Today: 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
Unemployment - 6.5% (Improved over the last week). India unemployment levels closer to 2018 levels
6. NIFTY Predictions for 2021 and Today: GDP Forecasts
Fitch: India GDP to grow 11% in FY 2022 (14th Jan)
7. NIFTY Predictions for 2021 and Today: Major Newsflow
CLSA on CNBCTV18: Long term NIFTY target of 18000
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.