Stock Market Prediction Next Week (10 Jan-14 Jan 2022)
Stock Market Prediction next week (10 Jan – 14 Jan 2022): It was an optimistic start for the Indian stock markets in the year 2022. The markets gained more than 2.5 percent in the first week itself on the back of buying in banking and oil & gas stocks. The markets got support from institutional buying as both FIIs and DIIs were the buyers in the cash segment. You can read last week’s market updates here.
In the coming week on Monday, markets will open as per global cues as US and European markets have reported weak economic data on Friday evening. The earnings season will begin from next week, the heavyweights IT companies will report their earnings next week. Investors will closely monitor the spike in covid cases in the country, the Q3 earnings, inflations, and IIP data next week.
Key factors that are likely to impact the stock market prediction next week ( 10- 14 Jan 2022)
Q3 Earnings
The reporting of third-quarter corporate earnings will begin from next week. There will be more than 50 plus corporates will report their Q3 earnings in the coming week, Nifty50 companies that are going to report Q3 earnings next week are
| Q3 FY22 Result dates for Nifty50 Stocks | |
| 12 Jan 20222 | INFY |
| 12 Jan 20222 | TCS |
| 12 Jan 20222 | Wipro |
| 14 Jan 2022 | HCL Tech |
| 15 Jan 2022 | HDFC Bank |
Omicron Covid Virus & Risk
In India, covid infections are increasing exponentially in the last 10 days. India reported more than 1.59 lakh fresh daily covid cases in the last 24 hours. Investors are not worried about the surges in Covid cases because as per medical experts the hospitalization and mortality rates are very low this time and it’s milder than the delta variants.
In India, 148 crore covid vaccination doses have been administered so far and out of which 42% have completed second doses. The impact of Omicron variants is very low on people who are vaccinated with two doses. The government has announced that there will be no lockdown and citizens have to follow the strict covid rules, which have supported the market sentiments.
Indian Macroeconomic Data
On Friday post-market hours, the National Statistical Office (NSO) announced that Indian GDP may grow 9.2% in FY22. Earlier, the World Bank and Moody’s have forecasted the Indian economy to grow at 8.3% and 9.3% respectively while RBI has retained its projections of 9.5% GDP in FY22.
Indian markets will react positively to the NSO’s report and will have a close eye on inflation and IIP data to be announced next week. Apart from that, the other macroeconomic data scheduled for the next week are given below.
| Economic Data Next Week | |
| 12 January 2022 | Industrial Production Nov |
| 12 January 2022 | Inflation Rate Dec |
| 14 January 2022 | WPI Inflation |
| 14 January 2022 | Foreign Exchange Reserve |
| 14 January 2022 | Balalnce of Trade Final-Dec |
Global stock market cues
Asian markets will first react to the US nonfarm payroll data that disappoint the street and eurozone inflation spike on Monday. The surges of omicron in several countries are an ongoing concern for the markets now. Investors will now keep a close eye on the higher US bond yields and inflation rate in the next week. The other macroeconomic data that are going to release next week are as follows.
| Important Global Macro Data Next Week | ||
| 10 January 22 | Consumer Inflation Expectation Dec | US |
| 11 January 22 | BRC Retail Sales Monitor Dec | GB |
| 12 January 22 | Reuters Tankan Index January | Japan |
| 12 January 22 | Current Account Nov | Japan |
| 12 January 22 | Inflation Dec | China |
| 12 January 22 | Inflation Rate Dec | US |
| 13 January 22 | PPI MoM Dec | US |
| 13 January 22 | PPI MoM Dec | Japan |
| 14 January 22 | Balance of Trade – Exp/Imp | Japan |
| 14 January 22 | Balance of Trade-Nov | GB |
| 14 January 22 | GDP numbers MoM -Nov | GB |
| 14 January 22 | Industrial Production MoM Nov | GB |
| 14 January 22 | Industrial Production Dec | US |
| 14 January 22 | Retails Sales Dec | US |
| 14 January 22 | Michigan Consumer Sentiments | US |
Nifty & Bank Nifty trends for the next week ( 10 – 14 January 2022)
On the weekly chart, the Nifty spot price trading range for the week is 17660 to 18100. You can buy near low and sell at high. The current Nifty trend is positive for Nifty
Bank Nifty spot price trading range for the week is 37400 to 39000. You can buy near low and sell on the higher side. The current Bank Nifty trend is positive.
You can also follow our daily Nifty and Bank Nifty futures, trends, trading strategies, and market updates.
FII & DIIs flow
The Foreign Institutional Investors (FIIs) were turned buyers during the week ended 7 January. The Domestic Institutional Investors (DIIs) were also the buyers in the cash segment. FIIs bought Rs 1082.83 crores, while DIIs bought Rs 3293.28 crore in the cash segment for the week ended 7 January 2022.
It was a great start for the Indian stock market for the year 2022, as FIIs have come back and their buying spree has supported the market to close higher. If FIIs continue their buying spree then we can see further up move in the markets in the coming days.
You can also read daily morning market updates before the markets get open and daily Nifty and Bank Nifty futures Prediction in the evening on our website.
You may also like to read, Online FREE Stock Market Certificate Courses
Happy Investing!!
Editor’s Desk
