Dalal Street Week Ahead | Stocks and Commodities

October 12, 2014
Time: 9.30 pm

Dalal Street Week Ahead:

1. Last week was a highly volatile week.
2. Most world markets closed at the support zone.
3. Next week, if markets go down further, then the break down may happen in most markets.
4. Here in India, if Nifty breaks, then next support is only at 7500.
5. Whether our markets are going to break down or not, it all depends on data and corporate results.
6. On Monday, IndusInd Bank results will set the tone for Banking stocks.
7. After the markets close, Reliance will declare results. Also CPI Inflation data will be declared.
8. On Tuesday, WPI Inflation data will be declared. Also Bajaj Auto will declare results which will set the tone of Auto stocks.
9. Also German Economic Sentiment data is due. In the last few weeks, it is the economic data from German that brought the world markets down.
10. On Wednesday, our markets are closed due to election in Maharashtra. Export - Import data is due from India.
11. On Thursday, TCS will declare results after the markets close. Hero Moto Corp will also declare results.
12. On Friday, Building Permits data is due from US. Fed Chairman Janet Yellen's speech will also be watched. Axis Bank and HCL Technology will declare results.
13. If there are no more bad news flow from abroad, Nifty is likely to find support at 7800.
14. Nifty is expected to trade between 7800 and 8200 next week.