Dalal Street Week Ahead | Stocks and Commodities

August 31, 2014
Time: 8.15 pm

Dalal Street Week Ahead:

1. I did not write "Post Market Report" as I was too busy.
2. But there was nothing to write.
3. I expected some surprise on Expiry day, but that has not happened.
4. DIIs have bought for over 700 crores in cash market and that is a very positive news.
5. FIIs have sold for over 700 crores, but that is not to be considered as the arbitrage funds would have bought in futures market.
6. Next week is going to be very interesting.
7. Monday morning Nifty is likely to touch, much awaited, 8000.
8. SGX Nifty touche a high of 8040 on Friday night.
9. GDP data at 5.7% is a very positive news.
10. On Monday, Manufacturing PMI data is due from India, China, German, France and UK.
11. Also auto sales data and cement dispatch data are due from India.
12. On Tuesday, manufacturing PMI data is due from US.
13. On Wednesday, Services PMI data is due from India, China and UK.
14. On Thursday, ADP Non Farm Employment change, Non manufacturing PMI data are due from US. ECB Press conference is another important event to watch.
15. On Friday, Non Farm Payroll data and unemployment data are from US.
16. Nifty, after reaching 8000, may gain some more strength and move towards 8100 to 8200 levels.
17. Or there may be some severe profit booking that may drag the Nifty to 7800 to 7850 levels.
18. So next week trade will be interesting one.
19. Nifty is likely to trade between 7800 and 8200.