Dalal Street Week Ahead, May 29, 2016 | Stocks and Commodities

May 29, 2016
Time: 5.30 pm

Dalal Street Week Ahead:

1. Last week markets broke out and Nifty was up nearly 500 points from the intra week low.
2. Coming week is looking even more exiting.
3. Over the week end, Hindalco and Coal India have declared good results.
4. Since the rally started due to favourable monsoon forecast and continued to build momentum due to good corporate results, the momentum is likely to continue when more and more good results come.
5. Reliance Infra also came out with good results and Anil Ambani stocks and other midcaps are also likely to do well.
6. On Monday, many companies will declare results. Key companies are Tata Motors, Sun Pharma and M&M.
7. On Monday, Nifty future is likely to open above 8200 and stabilise after that.
8. On Monday both UK and US markets are closed.
9. On Monday results season officially comes to an end.
10. On Tuesday, after the markets close, India will announce the GDP data and Fiscal Deficit data.
11. On Wednesday morning, depending the GDP and Fiscal Deficit data and China Manufacturing PMI data (to be released on Wednesday morning before our markets open), markets will open gap up or gap down.
12. India PMI data is also due on Wednesday.
13. Monthly auto sales data on Wednesday will influence auto stocks.
14. US Manufacturing PMI data is also due on Wednesday.
15. ADP Non Farm payroll data from US is another key data to watch on Wednesday.
16. On Thurday, the world will focus on ECB meeting. Also OPEC meeting will be in focus. Both will be after our markets close here.
17. On Friday, Services PMI data is due from India.
18. On Friday after our markets close, US Non farm payroll data is a very important data to watch.
19. We can expext the bullish momentum to continue.
20. We can expect Nifty future to trade between 8200 and 8400 with positive bias.