Dala Street Week Ahead | Stocks and Commodities

Dalal Street Week Ahead:

1. FIIs continue to buy aggressively.
2. In the last one week they have bought for more than 4000 crores in cash market.
3. SGX Nifty closed 25 points higher than the Nifty future close here.
4. HUL declared better than expected results on Saturday. Since it is an index heavy weight, it will have some positive impact on Monday.
5. Monday morning Nifty is likely to open 25 to 30 points higher.
6. Asian markets are likely to open higher on Monday.
7. There are no market moving data or results on Monday.
8. Tuesday is the RBI policy decision.
9. 25 basis points hike in repo and corresponding reduction in MSF is expected.
10. No hike is repo rate will be positive for banking stocks.
11. In US consumer confidence and retail sales data will be released.
12. In India, there are no important event on Wednesday.
13. In US, Wednesday is the D- Day in US for Fed policy decision on Fed tapering. Also US GDP data and ADP Non farm employment change report are due.
14. Wednesday US markets will react to all these data and its reflection will be felt in India on Thursday.
15. So this Thursday expiry could be very volatile.
16. Also a number of Banks releasing the results will add to the volatility on the expiry day.
17. Thursday evening, initial jobless claims in US will be released.
18. Before our markets open on Friday here, Chinese Manufacturing PMI will be released.
19. So our markets will be very volatile and expected to expire beyond 6300 on Thursday.