Dalal Street Week Ahead | Stocks and Commodities

October 6, 2014
Time: 6.45 pm

Dalal Street Week Ahead:

1. Last week Nifty traded in a narrow range as there were only three trading days.
2. On Wednesday night and Thursday night, US markets fell due to poor manufacturing data all over the world and Hong Kong protests.
3. SGX Nifty recorded a low of 7822 on Thursday night.
4. On Friday, markets rose in US.
5. Over the weekend, HK protests also subsided.
6. Today Asian and European markets were up.
7. US futures are also up.
8. Now SGX Nifty is trading around 7950, just 35 points below Friday's close.
9. On Monday, our markets are closed.
10. On Tuesday, HSBC Services PMI data is due from India.
11. On Wednesday, there are no market moving news except FOMC meeting minutes.
12. On Thursday, there are no market moving news.
13. On Friday, Infosys will declare results before our markets open and IIP data will be declared after the markets close.
14. Nifty is likely to open lower on Tuesday and likely to consolidate.
15. FII flow will be key to the market recovery.
16. Nifty future is likely to trade between 7850 and 8100 next week.