Dalal Street Week Ahead | Stocks and Commodities

February 15, 2015
Time: 1130 am

Dalal Street Week Ahead:

1. Markets traded in the range that I predicted last week.
2. Also I mentioned that GDP data will be very good.
3. Markets turned around last week despite continued selling by FIIs in both cash and F&O markets.
4. But on Friday, FIIs turned net buyers.
5. Now that FIIs have turned net buyers and global cues are good, the markets are likely to keep the upward momentum.
6. SBI results turned the Bank Nifty bullish.
7. Now all event risks are over
8. From Thursday onwards China markets will be closed for many days due to Chinese New Year.
9. So one less market means one less possible bad news.
10. On Monday, Nifty is likely to open 40 to 50 points higher and likely to maintain the positive bias.
11. WPI Inflation is due and that may boost the Bank Nifty.
12. On Tuesday, our markets are closed due to Mahasivarathri.
13. There are no major news flow until the end of the week.
14. Volatilty is likely to go down and hence the option premiums.
15. Nifty is likely to trade between 8700 and 9100 with positive bias.
16. Depending on how much FIIs invest, Nifty is likely to revisit 9000 before budget.