Dalal Street Week Ahead | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

Dalal Street Week Ahead:

1. After Muhurat trading, markets falling every day.
2. Nifty fell 176 points and Sensex fell 573 points in the last week.
3. Nifty future should take a strong support at 6120, failing which markets will fall to 5900 to 5950 levels.
4. Next week Niifty futures should be trading between 6120 and 6380.
5. On Monday, there is no market moving event.
6. On Tuesday, IIP data and Inflation data are due in India.
7. On Wednesday, SBI result is due and that will have major impact in other Banking stocks and Bank Nifty.
8. Thursday is a holiday.
9. There are no market moving events on Friday.
10. FII buying, Global Cues and SBI results will decide the market movements.