Dalal Street Week Ahead, May Week #3 | Stocks and Commodities

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May 11, 2014
Time:  6 pm

Dalal Street Week Ahead:

1. For the last few weeks Nifty was trading between 6500 and 6900.
2. Next week that will not be the case.
3. It will be very difficlt to predict the range for next week.
4. On Monday, export-import data and CPI data are due from India.
5. Also exit poll results will be out in the evening.
6. On Tuesday, Industrial production data from China and core retail sales data from US are due.
7. On Wednesday, there are no market moving news.
8. On Thusday, WPI data is due from India. Also CPI data and Philadelphia Fed Manufacturing data are due from US.
9. Friday will be the D-Day, election results will dominate the market.
10. Nifty is likely to trade between 6300 and 7500.

 Note: We are not giving any weekly strategy this week due to high volatility.