What are the major trading and investing cues for the last trading week starting on 22 March 2020?

The coming week will be interesting week as it marks the last full week of the financial year 2019-20. Here are some key cues.

· The F&O expiry will hold the key this week. This expiry must be seen in conjunction with the SEBI decision to put restrictions on speculative positions and short sales

· Virus afflictions cross 300 in India and markets will be keen to see impact of the Coronavirus stabilizing this week

· The big Dow loss of 900 points on Friday will be an overhang with SGX Nifty already trading 600 points lower and pointing to Nifty weakness on Monday.

· A key metrics to watch will be the Yes Bank stock price. Yes Bank escaped a run on deposits but that is still a risk. Stock price stability will be of greater interest

· RBI intervention in the currency markets will hold the key to the rupee value after RBI intervened at 75/$ by selling dollars to the tune of $5 billion to support INR

· RBI has take rapid steps on liquidity to the tune of Rs.40,000 crore but now the markets are seriously awaiting for cues of rate cuts

· Electronics package of Rs.49,000 cr if announced this week, could hold a big hope for the beleaguered hardware space. Watch for large hardware players

· FIIs selling now stands at Rs.60,000 crore in last one month. That has not shown any signs of respite and will be a key indicator

· Oil prices may see bounce from $25/bbl with storage demand rising. Global markets need crude to take support for growth confidence

· Private banks to be weak after Alliance Bernstein downgraded HDFC Bank target as it also raises questions over NPAs in the retail portfolios of private banks

· With Buyback and interim dividend announcements picking up steam, these could be triggers for stock price boost

· Consumption stocks could take a hit this week on economy shutdown as demand for a host of goods and services are likely to come down.