Dalal Street Week Ahead | Stocks and Commodities

November 30, 2014
Time: 7 pm

Dalal Street Week Ahead:

1. I was sick and I could not bring 'Pre Market" and "Post Market" reports on Friday.
2. I had fever at 103 degree but my clients profit shot up even higher at more than 50 lakhs as I was hugely long in Bank Nifty.
3. Since the P Note issue was not affected FII sentiment, only expiry related issues kept the Bank Nifty down in the first four days of last week.
4. But I did not expect such a huge rally in Bank Nifty on Friday.
5. Friday evening GDP data came at 5.3% which is lower than last year but better than expected.
6. Since the GDP growth was less, expectation of rate cut will increase.
7. On Monday, markets will react to GDP data. HSBC Manufacturing PMI will be declared. China Manufacturing PMI will be out before our markets open. Petrol price cut will boost oil marketing companies and Auto stocks. Also monthly sales data of auto companies will influence the auto stocks. Also Manufacturing PMI data is due from UK and US.
8. On Tuesday, market trend will be decided by RBI policy. This time, although every one is saying 'No rate cut', market is actually expecting a rate cut. If there is no rate cut, Bank Nifty is likely to correct significantly.
9. On Wednesday, HSBC Services PMI data is due. Also services data is due from US. ADP Non Farm Payroll data is due from US.
10. On Thursday, ECB press conference is an important event to watch.
11. On Friday, Non Farm Payroll data and unemployment data are due from US.
12. Markets are likely to trade with positive bias as long as there is no negative surprise from RBI.
13. Nifty is expected to trade between 8400 and 8800.