Dalal STreet Week Ahead, July Week #1 | Stocks and Commodities

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June 29, 2014
Time: 11.30 am

Dalal STreet Week Ahead:

1. Last week markets closed absolutely flat.
2. In fact on election results day, Nifty touched a high of 7563.
3. Now it is just 1% below that.
4. So Nifty has been consolidating the election rally for the past one and half month.
5. Markets are expected to make another big move of 200 to 300 points in Nifty before Budget and then likely to consolidate the gains for the next few weeks.
6. But we do not know whether the big move will happen next week or the following week.
7. On Monday, pending home sales data is due from US.
8. On Tuesday, Manufacturing PMI data due from China, India and US.
9. On Wednesday, ADP Non Farm Payroll data is due from US>
10. On Thursday, Services PMI data due from China, India and US. Also unemployment report and Non Farm Payroll data  are due from US.
11. On Friday, US markets are closed and no markets moving news from any country.
12. Nifty is expected to move between 7400 and 7800 next week.