Capital Goods Stocks Outlook for the week – 27 to 31.03.2017
Capital Goods Stocks Outlook for the week – 27 to 31.03.2017
( www.rupeedesk.in )
The shares of capital goods companies are seen trading with a negative bias next week in the absence of significant triggers, and due to the sustained overall dull outlook on the sector. The stocks would also track movement in the broader market. The benchmark Nifty 50 and BSE Sensex are expected to be volatile in the forthcoming week, due to the expiry of the March futures and options contracts. The order inflow status of most (capital goods) companies, the key indication of their business prospects remains muted. State-owned Bharat Heavy Electricals could face resistance at 185 rupees and find support at 155 rupees next week.
Source : Cogencis Information Services Ltd.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Capital Goods Stocks Outlook for the week – 27 to 31.03.2017
( www.rupeedesk.in )
The shares of capital goods companies are seen trading with a negative bias next week in the absence of significant triggers, and due to the sustained overall dull outlook on the sector. The stocks would also track movement in the broader market. The benchmark Nifty 50 and BSE Sensex are expected to be volatile in the forthcoming week, due to the expiry of the March futures and options contracts. The order inflow status of most (capital goods) companies, the key indication of their business prospects remains muted. State-owned Bharat Heavy Electricals could face resistance at 185 rupees and find support at 155 rupees next week.
Source : Cogencis Information Services Ltd.