Dalal Street Week Ahead, April Week #4 | Stocks and Commodities

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April 19, 2014
Time: 10.15 pm

Dalal Street Week Ahead:

1. Last week markets closed flat.
2. We indicated a range of 6500 to 6900 and that was respected.
3. Next week is again truncated week.
4. There are only 3 more sessions for expiry.
5. Nifty is expected to expire between 6800 and 6900.
6. On Monday, many world markets are closed due to Easter Monday. There is no major news flow. Markets will react to Reliance results on Monday. Markets are expected to trade with positive bias on Monday.
7. On Tuesday, there are no news from India, existing home sales data is due from US.
8. On Wednesday, Chinese Manufacturing PMI is due before our markets open, German Manufacturing PMI is also due in the afternoon. Yes Bank will declare results. That will add to the volatility of Bank Nifty on the expiry day. Also expiry day due to holiday on Thursday.
9. On Thursday, our markets will closed due to election. German IFO Business Climate index data and Core Durable Goods Orders data from US are due.
10. On Friday, ICICI Bank, IDFC, Maruti and Axis Bank will declare results.  Michigan Consumer Sentiment data is due from US.