Dalal Street Week Ahead | Stocks and Commodities

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Sunday June 15, 2014
Time: 4 pm

Dalal Street Week Ahead:

1. Markets were firm in the first four days of the last week.
2. But fell drastically on Friday due to war fear in Iraq.
3. But we feel that the fall was more severe.
4. That was clear from the institutional buying figure.
5. FIIs have bought for Rs 1100 crores and DIIs have bought for Rs 350 crores.
6. So the fall was mainly due to long unwinding by traders and short selling by traders. 
7. Advance by militants in Iraq is under control and US has sent an air craft carrier to Gulf.
8. So the pressure should ease in the coming days.
9. On Monday, WPI Inflation data is due from India.
10. On Tuesday, Building Permits data is due from US.
11. On Wednesday, Fed policy decision is due from US.
12. On Thursday, Philadelphia Fed Manufacturing Index data is due from US.
13. On Friday, there are no market moving news.
14. Nifty future is expected to trade between 7480 and 7800.