Dalal Street Week Ahead | Stocks and Commodities

September 22, 104
Time: 8.30 am

Dalal Street Week Ahead:

1. Last week our markets consolidated between 8000 and 8200.
2. On a close to close basis, Nifty traded within a range of 100 points from Monday to Friday.
3. Nifty was just up by 15 points between the last Friday and previous Friday.
4. This week also markets are expected to consolidate between 8000 and 8200, but with high volatility due to expiry.
5. On Monday, Existing Home Sales data is due from US.
6. On Tuesday, HSBC Manufacturing PMI data is due from China. It is expected to be around 50. If that comes below 50 (which means economy is contracting), it will have negative impact in all global markets. Also Manufacturing PMI data is due from German and US.
7.  On Wedneday, New Home Sales data is due from US.
8. On Thursday, Core Durable Goods Order data is due from US.
9. On Friday, US GDP data is due.
10. So ahead of RBI policy next week and too many holidays next week, people will not like to take huge positions.
11. Nifty is likely to expire between 8000 and 8200.