Dalal Street Week Ahead | Stocks and Commodities

December 26, 2015
Time: 8 pm

Dalal Street Week Ahead:

1. Last week markets were resilient even after it was clear that GST bill was not possible this year.
2. Global cues were supportive.
3. It was one day up and one day down for the whole week.
4. Only on Friday markets did not move much.
5. On Tuesday, markets fell suddenly, the fall was so severe so that Nifty future came to discount from 20 points premium within in an hour.
6. Bank Nifty future traded about 30 points discount for few days.
7. But by Friday those discounts were wiped out.
8. So the markets are not bearish right now.
9. Coming to next week trade, there are only four more days of trading.
10. India VIX is trading below 14 which means that markets are stable.
11. Highest open interest among Calls is at 8000 for the last many weeks.
12. So it is difficult for Nifty to expire above 8020.
13. Second highest open interest among Puts is at 7800.
14. So Nifty is likely to expire between 7780 and 8020.
15. Bank Nifty is expected to expire between 16500 and 17000.
16. Chances are high, Nifty will expire at the upper end of this range.
17. Reliance is turning bullish and that is good for Nifty as it is an index heavy weight.
18. ITC is also stabilising.
19. Though Nifty is likely to expire between 7800 and 8000, markets are likely to be volatile within this range due to expiry related issues.
20. Volatility will be high due to low volume as we are near the end of the year. We have seen this on Friday.