Share Market Weekly Outlook: This week will be important for the Indian stock market. Quarterly results of many companies and inflation figures are about to come, which can affect the direction of the market. Apart from this, the focus will also be on fluctuations in crude oil prices and FII activities. At this time, investors should be cautious and consider the strategy of buying on dips.

Crude oil and dollar impact

Crude oil prices and the dollar index will also impact the market. Apart from this, the activities of foreign institutional investors (FIIs) will also be taken into consideration.

Last week's status

Last week, the market saw some stability. The Nifty index fell 50 points or 0.20% to close at 24,964. The Sensex fell 307 points or 0.38% to reach 81,381. The main reason for this decline is believed to be FII selling and the boom in the Chinese market.

FII selling

Last week, FIIs sold shares worth about Rs 28,000 crore. During this period, domestic institutional investors (DDI) invested more than Rs 31,000 crore.

The impact of global data

Santosh Meena, Research Head, Swastika Investment said that data coming from America, Japan, China, and Europe can affect the market.

nifty levels

Santosh Meena talked about the possible levels of Nifty. He said that the short bottom level of Nifty is 24,750. If Nifty breaks the level of 24,750, then it can go up to 24,440 and 24,100.

If Nifty crosses the levels of 25,330 and 25,500, it may rise.

Bank nifty status

Palka Arora Chopra, Director, Master Capital Services, said that Bank Nifty is trading in a limited range. Its support level is at 50,600.

If this level is broken then there could be a fall to 50,000.

Advice for investors

51,700 is an important hurdle for Bank Nifty. If it is broken, then levels up to 52,200 can be seen.

Therefore, investors should adopt a strategy of buying on dips. It is important to pay attention to the activities of next week.