Dalal Street Week Ahead | Stocks and Commodities

July 20, 2014
Time: 4.45 pm

Dalal Street Week Ahead:

1. Last week markets bounced back.
2. Particularly, on Friday, our markets rose despite negative global cues.
3. On Saturday, Reliance has declared very good results.
4. Also US markets closed positive on Friday.
5. So the momentum is likely to continue at least in the beginning of next week.  
6. Next week, Banking stocks will be in focus as HDFC Bank, Axis bank and Yes Bank will declare Q1 results.
7. On Monday, there are no market moving news. Markets will react to the positive global cues and Reliance results. Also HDFC Bank will declare results. Japan market is closed.
8. On Tuesday, Core CPI data and Existing Home sales data are due from US. Axis Bank will declare results.
9. On Wednesday, there are no market moving news. Yes Bank will declare results.
10. On Thursday, HSBC Manufacturing data from China and New Home Sales data from US are due. ACC will declare results.
11. On Friday, Core durable goods order data is due from US. A number banks, Indian Bank, Allahabad Bank, Punjab National Bank, UCO Bank, will declare results.
12. Nifty is likely to cross previous high and likely to touch 7880, if the momentum continue next week.