Dalal Street Week Ahead | Stocks and Commodities

October 26, 2014
Time: 11 am

Dalal Street Week Ahead:

1. Muhurat trading was in line with expectation.
2. Nifty closed above 8000.
3. SGX Nifty closed at 8052 on Friday.
4. On Monday, Nifty future is likely to open about 30 to 40 points higher.
5. Also index heavy weight HUL will declare results.
6. German Business Climate index is due from German.
7. Pending Home Sales data is due from US.
8. On Tuesday, there are no market moving news here.
9. Core Durable Goods order data and Consumer Confidance data are due from US.
10. On Wednesday, Dr Reddy will declare results.
11. There are no important news globally.
12. On Thursday, ICICI Bank, Yes Bank, Allahabad Bank, Andhra Bank, Bharti Airtel, IDFC, Maruti will declare results.
13. These key results from Auto and Banking sectors will make expiry very volatile. 
14. On Friday, ITC and M&M will declare results.
15. For the entire October series, we indicated a range of 7800 to 8200.
16. Coming week markets will be volatile.
17. Nifty is expected to expire between 8000 and 8100, if there are no negative surprise from corporate results.
18. One can sell 7950 Put and 8150 Call to make some money with suitable stop loss.