Dalal Street Week Ahead | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

Dalal Street Week Ahead:

1. On Friday, FII bought for less than 200 crores.
2. There seems to be buying exhaustion by FIIs.
3. Today Muhurat trading may end with a positive note.
4. But Monday market will be sideways only.
5. There are no market moving data on Monday.
6. On Tuesday HSBC Services PMI is due.
7. Also before our markets open, Chinese Services PMI will also be out.
8. In US, Twitter IPO will be an important event. Success of this IPO will lift the sentiment in IT stocks.
9. On Wednesday, there are no market moving news.
10. On Thursday UK interest rate decision, Euro interest rate decision, US initial jobless claims and US GDP data are due.
11. On Friday, Non farm payroll and Unemployment data are due in US.
12. On Friday, PNB, Indian Bank results are due which will affect PSU Bank index. Also Tata Motors result is due, which will affect auto sector.
13. Generally next week will be a sideways market with 100 to 150 points up or down.