Stock Market Prediction Next Week (27 June -1 July 2022)
Stock Market Prediction Next Week (27 June – 1 July 2022): Indian equity markets made a decent gain in the week marked by high volatility tracking positive global cues. The markets gained as investors bet on the recent beaten-down blue-chip stocks. The positive global cues, falling crude oil and other commodity prices supported the markets during the week.
In the coming week, the domestic markets are expected to start on positive note and trade as per global cues. Below are the key factors that are likely to impact the Stock Market prediction for the week 27th June to 1st July 2022.
Stock Market Prediction Next Week (27 June to 1 July 2022)
Nifty & Bank Nifty trend and prediction
Technically, the Nifty spot price could trade in the range of 16100 to 15400 during the week. You can buy near low and sell at high. The current Nifty trend for Monday is Positive with cautious bias.
Bank Nifty spot price trading range for the week is 34800 to 32400. You can buy near low and sell on the higher side. The current trend in Bank Nifty for Monday is Positive with a cautious bias.
You can also follow our daily Nifty and Bank Nifty futures, trends, trading strategies, and market updates on our Website or Telegram Channel – https://t.me/nifty50stocks1
Auto Sales Numbers
We have already seen a huge rally in the Auto stocks during the week. The Auto stocks will remain focused in the coming week too due to the scheduled monthly sales numbers on 30th June. The passenger vehicles in the local market are going to report their highest ever monthly sales number in June. This is due to strong demand and easing in parts shortage disruptions after China opens up.
Traders should remain cautious as we may see some correction in the auto stocks next week.
Domestic Economic Data
According to RBI data shown on Friday evening, India’s foreign exchange reserves declined by $5.9 billion to $590.59 billion for the week ended June 17. The fall in foreign reserves is due to the decline in foreign currency assets of $5.9 billion. In the coming week, the below domestic macroeconomic data will be released as scheduled.
| Economic Data Next Week | |
| 30-June- 2022 | Infrastructure Output May |
| 30-June- 2022 | External Debt Q1 |
| 30-June- 2022 | Govt Budget Value May |
| 01-June- 2022 | S&P Global Manufacturing PMI June |
| 01-June- 2022 | Exp/Import data June |
| 01-June- 2022 | Bank loan & Deposit growth |
| 01-June- 2022 | Foreign Exchange Reserve |
Global Stock Market Prediction Next Week
The global stock markets were closed higher during the week ended 24 June. After the previous week’s sharp selloff, globally investors bet on beaten-down stocks in the markets. The economic data released during the week were wost than expected in the US, this has actually fueled investors that Fed might become less hawkish this time. This thought has motivated investors to buy the beaten-down stocks on the last day of the week.
In the coming week, the global markets will remain volatile due to the worries about recession. The below macroeconomic data including GDP numbers, Fed’s speech, and PMI numbers will remain focused on the markets next week.
| Important Global Macro Data Next Week | ||
| 27-June -2022 | Industrial Profits May | China |
| 28-June -2022 | Retail Sales May | Japan |
| 28-June -2022 | CB Consumer Confidence June | US |
| 29-June -2022 | Consumer Confidence June | Japan |
| 29-June -2022 | GDP Growth Rate Q1 | US |
| 29-June -2022 | Fed Chair Powell’s Speech | US |
| 29-June -2022 | Industrial Production May | Japan |
| 30-June 2022 | NBS Manfg & Non Manfg PMI | Chiana |
| 30-June 2022 | Current Account | GB |
| 30-June 2022 | GDP Growth rate QoQ1 Final | GB |
| 30-June 2022 | Jobless claim | US |
| 30-June 2022 | Unemployment Rate | Japan |
| 30-June 2022 | Tokyo Core CPI | Japan |
| 1 July 2022 | Jibun Bank Manufacturing PMI Final June | Japan |
| 1 July 2022 | Caixin Manufacturing PMI June Final | China |
| 1 July 2022 | BoE Consumer Credit | GB |
| 1 July 2022 | S&P Global/CIPS Manufacturing PMI June Final | GB |
| 1 July 2022 | S&P Global Manufacturing PMI June Final | US |
Crude Oil Price
The crude oil prices closed higher on Friday but reported losses for their second consecutive week amid concerns about the global recession. On Friday, the Brent crude oil prices gained nearly 3 percent and closed at $113.12 per barrel, on a weekly basis it closed flat to the negative.
In the coming week, on 30th June, the Organisation of Petroleum Exporting Countries and allies OPEC+ meeting is scheduled to discuss the group’s production levels. It is widely expected to stick to its plan to boost production in July and August. Crude oil prices may fall further if the output raises and the world’s growth outlook deteriorates. Traders should closely monitor the outcome of the OPEC+ meeting outcome.
Covid-19 & Restrictions
On 25 June, India reported 15940 new Covid-19 cases and 20 death in the last 24 hours. The total number of active cases are now increased to 91779 in the country, according to the health ministry. Though covid cases are increasing, it is less severe, as compared to other waves of covid, as hospitalization and death are very less. It may not impact the stock markets unless the government reimposed any restrictions.
FII & DIIs flow
Foreign Institutional Investors (FIIs) are continuously selling in the Indian markets. FIIs sold Rs 11511.77 crore while DIIs bought Rs 11670.62 crore in the equity markets cash segment during the week ended June 24, 2022. FIIs will continue their selling spree in the near term as long as the Indian rupee gets weakened.
The aggressive rate hike by the US Federal Reserve to curb high inflation and high valuation of equities will continue to keep FIIs away from the Indian stock markets, as they already pulled out Rs 43837 crores in June as per NSDL data. With this, the net FIIs outflow from Indian equities reaches nearly 2,19,705 crore in the year 2022. So traders should remain cautious and track FIIs buying and selling data.
Monsoon Updates
The recent data showed, that the rice plantation so far is down 46% compared to the previous year for the same period due to a weak start to the monsoon. However, the monsoon has gathered steam, and summer rains have covered more than half of the country, the rainfall deficit getting narrowed to 2% from 36%.
The advancement of the monsoon in the coming week will help to accelerate the revival of rural demand, and fast-moving consumer goods (FMCG). According to experts, the good monsoon trend will lead to demand revival in rural markets by September and will help to reduce the rising inflation in the country. Any news on the progress of the monsoon will be positive for the domestic markets.
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