Dalal Street Week Ahead | Stocks and Commodities

August 24, 2014
Time: 9 am

Dalal Street Week Ahead:

1. I did not write "Post Market Report" on Friday as I was too busy.
2. Anyway there was nothing to write as the market movement was just as expected.
3. Markets did not breakout as there was Fed chairperson's statement was expected on Friday night.
4. Now that event has gone as non-event.
5. So US markets did not react to Janet Yellen's statement.
6. Now there is a news that Russia's military trucks returned to Russia, which is a very positive news for stock markets.
7. Easing of Geo Political tension and lower crude prices will make sure that markets do not fall significantly.
8. Markets tend to break out when nobody expect it.
9. Nifty is likely to touch 8000 in the coming week.
10. It may happen by tomorrow itself.
11. Usually big moves happen either Monday or Friday.
12. On Monday, German IFO Business climate index and New Home sales data from US are the two key data to watch. 
13. On Tuesday, Core Durable Goods order data and Consumer confidence data are due from US.
14. On Wednesday, there are no market moving news.
15. On Thursday, GDP data and Pending Home Sales data are due from US.
16. On Friday, our markets are closed.
17. Markets will be volatile ahead of expiry.
18. Nifty is likely to expire between 7850 and 8050.