Dalal Street Week Ahead | Stocks and Commodities

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June 22, 2014
Time: 11.30 am

Dalal Street Week Ahead:

1. Last week markets fell due to escalation in Iraq problem.
2. But the fall was marginal.
3. Markets were volatile in the first four days.
4. On Friday, the volatility was much less and hence option premiums fell.
5. Monday markets will react to Railway fare hike.
6. There are two schools of thought.
7. One, this increase in fare will increase inflation and the much awaited interest rate cut will not happen any time soon and hence it is not good for the markets, particularly interest rate sensitive sectors.
8. The other one is that this decision shows that BJP can take difficult decisions to revive the economy. Though this decision is not good for short term, it is very good for long term.
9. So Monday market will be difficult to predict, but surely markets will make more than 1% move on either side by the end of the day.
10. So be ready for roller coaster ride.
11. The ride will be more thrilling as it is expiry week.
12. There are no major market moving news from India for the whole of next week.
13. On Monday, China Manufacturing PMI will be due and Existing Home Sales data is due from US.
14. On Tuesday, Business Confidence Index from German and Consumer Confidence from US are due. Also New Home sales data is due from US.
15. On Wednesday, Core Durable Goods Order data is due from US.
16. On Thursday, UK GDP data and US Initial Jobless Claims data are due.
17. On Friday, there are no markets moving news from any country.
18. Nifty is likely to make big move on Monday and then consolidate for the next few days.
19. After the expiry, budget rumous will dominate the markets.
20. Nifty is likely to trade between 7400 and 7700 next week.