Market : Five Factors Driving

Five Factors Driving The Market Next Week

New Delhi: Last week was one of the most important in 2017 as investors and traders, companies and even the man on the street waiting to see what will be the Finance Minister Arun Jaitley in the fourth budget of the European Union.

Fortunately, the 2017 budget is not as bad as had been expected, leading to a break in the market. Nifty50 and break the psychological level decisively from 8700, while regained the S & P BSE Sensex Monte 28K.

After a busy week of the beginning of Nifty50 managed to close up 1.1 percent, while the S & P BSE Sensex rose 1.3 percent during the week ended February 3 closed the S & P Midcap Index mad cow disease by 2.5%, while finished Index BSE smallcap higher by 2.4%.

"The most surprising point is that there is no negative in the budget. The market was very concerned about the tone and tenure of the government discussions and intervene before the budget and it seemed almost anti-rich and friendly has been created," Akash said in the interview, Chief Executive Officer and Managing Director, Amansa Capital.

Through the hum of Dalal Street, here is a list of five factors, the market route has been traced during the week:

"This reinforces our call to cut interest rates by 25 basis points in the next revision of the policy of Reserve Bank of India on February 8," he said.

Industrial Production data: on the macroeconomic front, the government will publish data on industrial growth for the month of December, Friday, February 10th. Increased period it considered more than expected in November 2016, it was announced demonetization of the month.

Based on the latest data released by the Office of industrial production statistics for a maximum period of one year from 5.7% in November. Industrial production index fell (IIP) increased by 1.9 percent in October.

It will also be closely monitored developments in the current budget session of Parliament: UP elections and the budget session. Winter session of Parliament has been virtually eliminated, there are great expectations for this session.

Union Budget 2017-18 focuses mainly on rural development, with a pulse in infrastructure development and poverty reduction, while maintaining fiscal prudence.

"We believe that the EU budget can attract success with the votes in the elections UP. Therefore, any additional optimism for the victory of the BJP in UP still brings more congratulations on the market," said Sudhanshu Kumar Abnish, Amrapali Aadya trade and investment.

Technical factors: The Nifty50 closed above the crucial support level of 8700, but some profit taking can not be ruled out. According to a small momentum oscillators on the daily chart of the negative divergence indicators, which justifies a break in the coming sessions.

"Some of the indicators on the weekly chart generate new buy signals, with the sauces can be purchased Inti. Weakness in the short term will be confirmed if Nifty50 closes below the level of 8700, which at first can be pulled indexes thr level of 8621," Mohamed Mazhar, Strategy Manager - Advisory research and technical trade Chartviewindia.in said.

", And closing above the level of 8657 open a much larger near the level of 8800 objectives for a period of time," he said.