Dalal Street Week Ahead, May Week #2 | Stocks and Commodities

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May 04, 2014
Time: 7.50 pm

Dalal Street Week Ahead:

1. Last week markets fell in all trading sessions.
2. Still Nifty was in the range of 6500 and 6900 as predicted by us.
3. But volatility has increased.
4. There were days Bank Nifty swung by more than 1000 points and Nifty swung by more than 100 points.
5. Next week also it going to be the same.
6. VIX is likely to shoot up to 40.
7. Next week will be full of speculation.
8. The following week Monday, exit poll results will be out, so the markets will get little more clarity about election outcome.
9. On Monday, Manufacturing PMI from China and US are due. Services PMI will be due from India.
10. There are no other important events during the week.
11. There are few events of less importance like Fed Chairman Yellen's speech, export import data from India on Friday, China Services PMI etc are due.
12. HDFC, Ranbaxy, Lupin, Glenmark and few smaller banks will declare results.
13. But all these are not important as the markets will swing widely due to low volume and high speculation.
14. Though markets are highly volatile, still Nifty is expected to trade between 6500 and 6900.
15. But option premiums are likely to shoot up.