Weekly Stock Market Outlook August 23 to August 29 2021: From investing decisions to knowing about the profit margins, what to expect in stock markets this week?. Have a look at the overall market outlook from August 23 – August 29. #MoneyMatters With Mr. Vikas Jain, Senior Research Analyst, Reliance Securities. Watch Video to find out where to and how to invest in the share market.

Weekly Stock Market Outlook August 23 to August 29 2021:

  •  Nifty 50 has jumped to a new level of around 16,700.
  • In case of market internals, a good amount of shares were sold in cross sectors, profit was seen.
  • Unexpectedly, Metal sectors performed well with a level of 8%.
  • IT sectors and FMCG sectors have outperformed.
  • Bank Nifty and auto has underperformed again.
  • A good fall was seen in mid caps and small caps.
  • This week, in concerns with monthly derivatives expiry, market volatility will increase.
  • This week India VIX has also rose to a level of 8%.
  • We could see a few profit bookings in the market this week.
  • In terms of global market, US GDP numbers are expected to arrive this Thursday.
  • If dxy in global markets cross 94, we could see a sudden second wave of sell off, because of which the market may remain pressurized.
  • Bank Nifty is underperforming compared to broader markets.
  • Bank Nifty will be in a close watch as it is witnessing a support area of 33,900 – 34,200.