Dalal Street Week Ahead | Stocks and Commodities

August 3, 2014
Time: 10 pm

Dalal Street Week Ahead:

1. Markets fell last week due to global factors.
2. US markets continued to fall.
3. Argentina Bank crisis was the main reason.
4. Nifty traded in the range of 7600 to 7800 last week.
5. Tomorrow, Nifty is likely to open about 30 to 40 points higher.
6. On Monday, there are no market moving news.
7. On Tuesday, HSBC Services PMI and RBI policy announcement are the key triggers for the market. Hero Moto will declare results.
8. Also ISM Non Manufacturing PMI data is due from US.
9. On Wednesday, there are no market moving news.
10. On Thursday, ECB interest rate decision is the key trigger.
11. On Friday, SBI and M&M will declare results.
12. So next week is a data light week.
13. FII selling is a major concern.
14. Once they stop selling, markets are likely to resume its uptrend.
15. Nifty s likely to trade between 7500 and 7800 next week.