Dalal Street Week Ahead, June 6-10 | Stocks and Commodities

June 6, 2016
Time: 11 pm

Dalal Street Week Ahead:

1. Last week markets consolidated after a huge run.
2. This week also we can expect consolidation to continue with positive bias.
3. There are two key events to watch this week.
4. One, RBI policy, nobody is expecting any reduction in interest rate by RBI.
5. But the comments by RBI Governor regarding inflation and his own term, whether he is interested to continue or will move out no matter what, will be very important.
6. Second, the official declaration of 'Onset of monsoon'. 
7. This declaration may come any time, in fact on Sunday IMD said, the onset will be in the next two to three days.
8. In addition, Janet Yellen's comment on Monday night will be keenly watched after bad Jobs data on last Friday.
9. On Monday, Asian markets are likely to do well due to bad jobs data.
10. Now there is only 30% probability of US rate hike even in July.
11. The jobs data looks very bad due to strike at Verizon which knocked of about 35000 jobs in US.
12. On Tuesday, our market movement will be dominated by RBI policy.
13. On Wednesday, before our markets open, Japan GDP data and China export-import data will be announced.
14. On Thursday and Friday there are no key news.
15. China markets will be closed both on Thursday and Friday.
16. Hong Kong markets are closed on Thursday.
17. US markets are trading positive right now and SGX Nifty is trading around 8265.
18. Nifty future is likely to find very good support at 8000 as Nifty 8000 has the highest open interest among Put options.
19. Nifty future is likely to find resistance at 8400 as Nifty 8400 has the highest open interest among Call options.
20. Volatility is likely to go down after the RBI policy.