Dalal Street Week Ahead | Stocks and Commodities

February 6, 2016
Time: 9.45 am

Dalal Street Week Ahead:

1. I could not write the reports for the last two days as I was too busy with some personal work.
2. Last week, markets were highly volatile between 7350 and 7600.
3. But finally, last Friday Nifty settled around 7490 compared to 7560 the previous Friday, just 1% down.
4. So far corporate results were good except few like Bosch, ICICI Bank etc.
5. In the first three days of the week, markets were in panic sa both DIIs and FIIs were net sellers in Cash market.
6. That changed towards the end of the week, DIIs were net buyers on Thursday and Friday.
7. But selling by FIIs continue and that is a big concern now.
8. Even on Friday, though markets were up, FIIs have sold for more than Rs 500 crores.
9. On Friday, US jobs report came at 151000 gainst the expectation of 190000.
10. So US markets fell drastically, Nasdaq fell below 2015 low.
11. On Monday, Asian markets are likely to fall following US markets.
12. After the market hours, Govt. will release the GDP data.
13. On Tuesday, Dr Reddy, PNB, Hindalco and Gail will declare results.
14. On Wednesday, Cipla, ACC, Ambuja Cements will declare results.
15. On Thursday, SBI, ONGC, Coal India, Tata Motors, Hero Motocorp, BHEL will declare results.
16. On Friday, Sun Pharma, M&M, BPCL will declare results.
17. After the market hours on Friday, IIP data and CPI Inflation data will be declared.
18. One positive thing about next week is that China markets are closed for the whole week due to Chinese New Year.
19. Mostly markets take cue form US and China, many times China spoiled the party of bulls.
20. Local factors, particularly PSU Banks results, will dominate the markets next week.
21. Coming to technicals, Nifty 7400 Put has the highest open interest followed by 7200 Put.
22. Nifty 7600 Call has the highest open interest among the Calls followed by 7800.
23. Since the Chinese markets are closed for the whole week, there will be no sudden negative news flow from China.
24. Hence Nifty is likely to trade between 7200 and 7800.