Earnings, Karnataka exit polls to decide market trend; 3 stocks can give up to 21% return in short term

Overall, next week's trend will be decided on the basis of quarterly earnings, trend in global markets and exit polls of Karnataka elections.

Benchmark indices ended on a negative note on Friday as Nifty closed below 10,650 zone. Midcap and small cap counters continued to remain under pressure.

On sector front, Metal, Energy, IT stocks witnessed selling pressure while selective Banking and Financial stocks ended in green.

The coming week will be quite important due to quarterly earnings and Karnataka elections.

ICICI Bank will announce Q4 earnings on Monday. Eicher Motors will announce Q4FY18 results on Wednesday. Zee Entertainment, Asian Paints and Titan will announce Q4 numbers on Thursday.

On Monday, Prime Minister Narendra Modi will address meetings in Raichur, Chitradurga and Kolar and on Tuesday in Vijayapura, Mangaluru and Bengaluru. PM Modi will visit Nepal on Friday.

Fortis Board will meet on Thursday to decide on binding bids.

Saturday will be quite important day as Karnataka will go for polling and it’s exit polls will drive the sentiments of Indian stock market.

Market looks weak especially after breaking key important levels of 10,650 and 10,620. Now, one can look at 10,550 levels on a downside and 10,680-10,780 levels on upside. Overall, next week's trend will be decided on the basis of quarterly earnings, trend in global markets and exit polls of Karnataka elections.

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