Dalal Street Week Ahead, May Week #5 | Stocks and Commodities

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May 25, 2014
Time: 6 pm

Dalal Street Week Ahead:

1. Last week markets consolidated for the first four days and broke out on Friday to close at all time high.
2. Next week is the expiry week.
3. Markets may be volatile.
4. Nifty is expected to expire between 7400 and 7500.
5. There are no major economic news flow from India.
6. US markets are closed on Monday.
7. Core Durable Goods orders on Tuesday, GDP data on Thursday are due from US.
8. Mr Modi is making waves, Pakistan PM coming to India is consided as Diplomatic victory for Mr Modi.
9. Already both Pakistan and Sri Lanka released the Indian Fishermen held in thier prisons.
10. Mr Modi has shown that he is a strong man by inviting Sri Lankan President despite the objection by TN Parties and shown that he is flexible by inviting Pakistan PM.
11. If he can replicate this on economic front, stock markets will zoom.
12. Mr Modi's oath taking on Monday evening and announcement of key portfolios are the important events next wee..