Dala Street Week Ahead | Stocks and Commodities

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January 19, 2014
Time: 9.45 am

Dala Street Week Ahead:

1. Last week we reported that Nifty would trade between 6200 and 6400 and it happened that way.
2. Two important thing fundamentally happened last week. One Inflation came down after a long time. Second the world bank has increased growth forecast of India and the world.
3. Q3 results failed to lift the market sentiment.
4. Except Infosys all other shares either fell or closed flat after the results. Axis Bank continued to fall after the results due to stake sale fear.
5. Next week is a data light week.
6. Also not many key results.
7. On Monday, before our markets open China will declare GDP data and Industrial production data which will influence Asian markets.
8. Also Reliance will react to the good results on Monday, it is expected to cross 900 on Monday.
9. On Tuesday, there are no market moving news.
10. On Wednesday, L&T and HDFC will declare results.
11. On Thursday, German Manufacturing PMI, China HSBC Manufacturing PMI and US existing home sales data are due.
12. On Friday, there are no market moving news.
13. Overall it will be a stock specific action.
14. Nifty trend will be decided by FII flow, Indian Rupee movement and global cues.
15. Once again Nifty is expected to trade between 6200 and 6400.