Dalal Street Week Ahead | Stocks and Commodities

April 10, 2016
Time: 4 pm

Dalal Street Week Ahead:

1. Last week Nifty fell about 150 points due to RBI policy disappointment.
2. Last week, I mentioned that Nifty is likely to trade between 7500 and 8000 and that was the range for the last one week for Nifty.
3. Last three days India VIX fell and hence the option premiums.
4. But I took bullish view last week and that did not happen due to RBI policy disappointment.
5. Next week is a truncated week, only three trading sessions as Thursday and Friday are holidays.
6. There are no important news flow on Monday. Asian markets are expected to open open marginally higher.
7. FII selling seems to have stopped and they were net buyers in Cash market on Friday.
8. On Tuesday, CPI inflation data and IIP data are due after the markets close.
9. On Wednesday, there is no important new flow.
10. On Thursday and Friday our markets are closed.
11. On Friday, Infosys come out with results. China's GDP data is due on Friday.
12. Nifty is expected to trade between 7400 and 7800.
13. Nifty is expected to keep positive bias.
14. Since there are no key triggers, markets may consolidate further.
15. The action will begin only in the third week as corporate results start pouring in.
16. Nifty is expected to trade between 7400 and 7800 next week.
17. Nifty may trade with positive bias.
18. After more than a year, Retail people withdraw money from Mutual Funds.
19. But FIIs have started buying.
20. I intend to sell Nifty 7300 Put and 7800 Call as I expect Nifty to trade between 7300 and 7800.