Dalal Street Week Ahead, May Week #1 | Stocks and Commodities

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April 26, 2014
Time: 9.30 pm

Dalal Street Week Ahead:

1. Last week Nifty was down by 35 points.
2. Last week we indicated a range of 6500 to 6900 for Nifty and markets traded in that range only.
3. Next week is once again a truncated week.
4. On Monday there are no market moving news in India, Pending Home Sales data is due from US. 
5. On Tuesday, GDP data from UK and Consumer Confidence from US are due.
6. On Wednesday, private sector ADP Nonfarm Payroll data from US is due.
7. Thursday is a market holiday due to Labor Day.
8. On Friday, HSBC Manufacturing data is due from India, Non Farm Payroll data and Unemployment data are due from US.
9. Based on option prices, Nifty is likely to trade between 6500 and 7100.
10. There are no key Q4 results next week.