Dalal Street Week Ahead | Stocks and Commodities

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December 15, 2013
Time: 7 pm

Dalal Street Week Ahead:

1. Last week Nifty fell after hitting all time high.
2. What started off as a normal profit booking, came down further due to Fed Tapering issue and again fell due to bad inflation figures that raised expectation of interest rate hike by RBI.
3. Also on Friday, after a long time, FIIs have sold around Rs 500 crores worth of shares in cash market.
4. Also SGX Nifty closed about 20 points lower on Friday night.
5. On Monday, before our markets open, Chinese Manufacturing PMI will be due.
6. Also markets will react to Whole Sale Price Index which will be declared around 12 Noon.
7. WPI is expected to be bad at above 7% and consequently banking stocks may fall further.
8. Later in the day, German and British manufacturing PMI are due.
9. Also ECB president Mr Draghi's speech will have some impact in international markets and that will reflected here on Tuesday.
10. On Tuesday, there are no market moving news here.
11. But after our markets close Inflation data in US is due, that will further add pressure in the expectation of Fed Tapering.
12. On Wednesday, interest rate decision by RBI will move the market in a high volatile trade.
13. After the markets close, after midnight, US Fed Tapering result will be out.
14. On Thursday, markets in Asia will react to Fed Tapering issue. Our markets will also move significantly.
15. On Friday, there are no market moving news here, but in US, GDP data will be due after our markets close.
16. Due to two key events of RBI policy and Fed Policy, markets will volatile and Nifty may head towards 6000.