Dala Street Week Ahead, April Week #3 | Stocks and Commodities

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April 13, 2014
Time: 2.45 pm

Dala Street Week Ahead:

1. Last week we indicated the range of 6500 to 6900 for Nifty future.
2. Nifty future traded in that range only.
3. Finally, on a weekly basis, Nifty was up by 75 points.
4. Coming week is a 3 day week.
5. Monday is a holiday due to Ambedkar Jayanthi.
6. On Mondy, Core retail sales data is due from US.
7. On Tuesday, Infosys will declare results before markets open, that will decide the trend. Later WPI inflation data and CPI inflation data are due, DCB results are also due, that will affect the rate sensitive stocks. Also inflation data is due from US.
8. On Wednesday, before our markets open, China GDP data and Industrial production data are due. Also Building permits data from US and TCS, IndusInd Bank results are due after our markets close.
9. On Thursday, Philadelphia Fed Manufacturing Index data is due from US, Wipro results are due.
10. Friday is a market holiday due to Good Friday, Reliance will declare results in the evening.
11. So next week trade will be dominated by IT and Banking stocks due to many results from these sectors and inflation data.
12. For the third week in row, we still predict that Nifty future will trade between 6500 and 6900.