Stock Market Prediction Next Week (24 Jan – 28 Jan 2022)
Stock Market Prediction next week (24 Jan – 28 Jan 2022): Indian equity markets snapped a four-week winning streak and lost more than 3.5 percent during the week ended 21 January. In the absence of any domestic event, Indian markets traded as per global cues last week. The weak global cues and FIIs selling were the main reason for the market fall. The selling pressure was witnessed across the board during the week. You can read the last week’s market updates here
The coming week will be a truncated one, Indian markets will remain closed on Wednesday, 26 January on the occasion of Republic Day. The Fed’s two-day meeting outcome is scheduled on Wednesday night as per IST. Indian markets are expected to remain volatile on Thursday because of Fed’s meeting outcome and F&O monthly expiry.
Key factors that are likely to influence the stock market prediction next week ( 24 – 28 Jan 2022)
Q3 Corporate Earnings
The global cues are negative, the US and European markets closed in the deep red on Friday. The SGX Nifty is indicating a gap-down opening on Monday. Indian markets will first react to Q3 earnings announced during the weekend. The Reliance and ICIC Bank’s upbeat Q3 earnings can support the Indian markets on Monday. The other Nifty50 listed Q3 corporate earnings scheduled for the coming week are given below.
| Q3 FY22 Result dates for Nifty50 Stocks | |
| 24 Jan 2022 | Axis Bank |
| 25 Jan 2022 | Cipla |
| 25 Jan 2022 | Maruti Suzuki |
| 28 Jan 2022 | Dr. Reddy |
| 28 Jan 2022 | Kotak Bank |
| 28 Jan 2022 | LT |
Omicron Covid Virus & Risk
India reported 3.33 lakh new covid cases in the last 24 hrs ending at 9 am on Sunday, taking the active caseload to 21.87 lakh. While the daily positivity rate stands at 17.78 percent and the recovery rate stands at 93.18 percent.
The rising covid cases remain a concern in India. However, the more than 161 crore vaccination and less hospitalization have minimized the risk of the new covid variants. So far the covid third wave seems to be milder than other waves and its impact will also be lesser this time is positive for the Indian markets.
The US Fed meetings
The two-day US Federal Reserve meeting is scheduled on 25 and 26 January. Investors will have a close eye on Fed’s meeting outcome on 26 January. Indian markets will be influenced by the meeting outcome on Thursday, 27 January. The global markets will have clarity on the interest hikes, as it is expected three times rate hike this year starting from March 2022.
Other Global stock market cues next week
Other than the Fed’s meeting outcome, investors should watch out for the quarterly corporate earnings and rising Omicron infections in the next week. The below macroeconomic data can also volatile the global markets in the coming week.
| Important Global Macro Data Next Week | ||
| 24 January 22 | Jibun Bank PMI Flash Jan | Japan |
| 24 January 22 | Markit/CIPS PMI Flash JAN | GB |
| 24 January 22 | Markit PMI flash JAN | US |
| 25 January 22 | CB Consumer Confidence JAN | US |
| 26 January 22 | BOJ Summary of Opinion | Japan |
| 26 January 22 | New Home sales DEC | US |
| 26 January 22 | FED Interest rate decision | US |
| 27 January 22 | GDP Growth Rate | US |
| 27 January 22 | Initial Jobless claim | US |
| 28 January 22 | Tokyo CPI JAN | Japan |
| 28 January 22 | PCE Price Index DEC | US |
| 28 January 22 | Michigan Consumer Sentiments | US |
Nifty & Bank Nifty trends for the next week ( 24 – 28 January 2022)
Technically, Nifty and Bank Nifty are under the bear grip. The coming week markets will have Jan F&O expiry, exactly after the holiday on 27 January. The Nifty spot price could trade in the range of 17350 to 17800. You can buy near low and sell at high. The current trend is Negative for Nifty
Bank Nifty spot price trading range for the week is 36700 to 38150. You can buy near low and sell on the higher side. The current trend in Bank Nifty is Negative.
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) have sold aggressively in the cash segment for the week ended 21 January. The Domestic Institutional Investors (DIIs) were the buyers but bought in a very small quantity last week. DIIs support was missing in the Indian stock market last week
FIIs sold Rs 12643.61 crores, while DIIs bought only Rs 508.04 crore in the cash segment for the week ended 21 January 2022. On a monthly basis, FIIs sold Rs 15563.72 crores while DIIs bought Rs 7530.35 crores in the cash segment.
You may also like to read, Tradingview India Review 2022- You Must Read
Nifty and Bank Nifty prediction for Monday, 24 Jan 2022
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Editor’s Desk
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