Dala Street Week Ahead, April Week #1 | Stocks and Commodities

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March 30, 2014
Time: 9.15 am

Dala Street Week Ahead:

1. Last week markets closed at all time high.
2. SGX Nifty closed about 30 points higher on Friday night.
3. So on Monday, Nifty is likely to open 30 points higher.
4. On, Monday, there is no major news, but speculation will be high in Banking stocks due to RBI policy on Tuesday and New Banking License possibility.
5. On Tuesday, RBI policy, Manufacturing PMI data from China, India, UK and US are due.
6. On Wednesday, Private sector ADP Non Farm Payroll data is due from US.
7. On Thursday, Services PMI data is due from India, Chna, UK and US.
8. On Friday, Non farm Payroll data and Unemployment report from US are due.
9. Nifty is likelt to trade between 6500 and 6900 with positive bias.
10. Banking stocks are likely to out perform next week also.