Dalal Street Week Ahead | Stocks and Commodities

October 19, 2014
Time: 7.30 pm

Dalal Street Week Ahead:

1. Last week markets broke the lower end of the trading range 7800-8200.
2. That is mainly due to bad global cues.
3. But tomorrow, Monday, there are many positive triggers for our markets.
4. First, positive global cues.
5. US markets shot up last Friday.
6. Second, Gas price hike and diesel price deregulation.
7. This shows that Govt. is on track for Economic liberalisation.
8. Third, BJP win in Haryana and BJP becoming single largest party in Maharastra.
9. Last but not least, NHB announcing 90% loan for housing loan by Housing Finance Companies.
10. So Nifty is expected to open at least 60 points higher tomorrow morning.
11. There are no market moving news globally.
12. On Tuesday, before our markets open, China Manufacturing PMI and GDP data will be declared.
13. Also HDFC Bank and PNB will declare results.
14. So it is not going to be one way for our markets.
15. It will be volatile week.
16. On Wednesday, Asian Paints and HDFC will declare results.
17. On Thursday, HSBC Manufacturing PMI data is due from China, also German Manufacturing PMI is due.
18. There will be only Muharat trading on Thursday, not full session.
19. Friday our markets closed.
20. If there is no bad news from China, then Nifty future will try to reclaim 8000.
21. Once again Nifty future will trade in the range of 7800-8200.