Dalal Street Week Ahead | Stocks and Commodities

January 4, 2014
Time: 12.15 pm

Dalal Street Week Ahead:

1. Markets ended on a bullish note on Friday.
2. After clarification regarding P Note, market participants expect FIIs to invest huge money in January.
3. So traders did not want to carry short positions.
4. Manufacturing PMI data that came on Friday morning also aided the sentiment.
5. Expectation is high about the out come of Modi's meeting with Bankers.
6. On Monday, our markets are likely to open slightly positive. After a huge run on Friday, markets are likely to consolidate for the next one or two sessions.
7. HSBC Services PMI data will be out tomorrow morning.
8. On Tuesday, Services PMI data is due from China, UK and USA.
9. On Wednesday, ADP Non Farm Payroll data is due from US. German unemployment report is also due.
10. On Thursday, there are no markets moving news.
11. On Friday, Non Farm Payroll data and unemployment data from US are due.
12. Though results season starts this week with Infosys announcing its results on Friday, the markets will react only on next Monday.
13. This is because, Infosys which usually declares its results just before markets open, decided to declare its results at 4 pm on Friday.
14. FII buy figure is cash market will decide the trend in the coming week.
15. Nifty future is expected to trade between 8200 and 8650.