InvestorQ : What are the major trading cues and trading signals for the next week starting on 14 June?
indhumathi Sayani made post

What are the major trading cues and trading signals for the next week starting on 14 June?

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6 months ago
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Apart from the points made by Diksha below, I think the four IPOs opening this week will also be a very important trigger. Here is Disksha's view which is broadly all consuming.

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The following are the major signals and cues for week starting 14 June.

· During the week, Nifty IT and Nifty Pharma touched life-time highs and coming week could see rotation in favour of cyclicals and financials. With phased unlocking started already, the focus will be to ensure not too much of spurt in cases and new variants.

· Friday IIP was announced at 134% for Apr-21 but if compared to the same month in 2019, to exclude base effect, the growth is flat. Markets are likely to be disappointed with that. Focus will also be on RBI GSAP to tweak yields around average 6% levels.

· India VIX at 14 levels hints at limited downsides on the Nifty while call writing range is constantly moving higher. Now it is above 16,000 with volumes on call writing so hint is we could break above 16,000 Nifty this month. FPIs infused over Rs.10,300 crore in June.

· In policy notes, the GST Council decision to cut rates big time will favour pharma, equipment and COVID supply stocks. Keep them in focus. Also, the MPC policy minutes on Friday will give a hint of trajectory of rate sensitive stocks.

· Both WTI Crude and Brent Crude are now above $70/bbl with the gap narrowing between the two. This could put pressure on domestic petrol and diesel prices and also pressure on the INR value, which is at 73.30 levels.

· In key global macro data, CPI and WPI inflation data to be announced on Monday 14 June with Reuters anticipating another spurt in inflation. Watch out for core inflation. Another key data is trade data on Tuesday with focus on export traction.

· For the week, key quarterly results to be announced include, Coal India, IDFC, IOB, Kajaria, Jubilant Foods, LIC Housing, PFC, CESC, RITES, Natco and more. Overall profit growth buoyant till now.

· Key data points from global markets to be keenly watched this week. The focus will be on US PPI, the US FOMC Statement, IIP and Redbook; China IIP and Retail Sales; EU car registrations; Japan CPI and IPSOS data will wrap the week.


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diksha shah answered.
6 months ago
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The following are the major signals and cues for week starting 14 June.

· During the week, Nifty IT and Nifty Pharma touched life-time highs and coming week could see rotation in favour of cyclicals and financials. With phased unlocking started already, the focus will be to ensure not too much of spurt in cases and new variants.

· Friday IIP was announced at 134% for Apr-21 but if compared to the same month in 2019, to exclude base effect, the growth is flat. Markets are likely to be disappointed with that. Focus will also be on RBI GSAP to tweak yields around average 6% levels.

· India VIX at 14 levels hints at limited downsides on the Nifty while call writing range is constantly moving higher. Now it is above 16,000 with volumes on call writing so hint is we could break above 16,000 Nifty this month. FPIs infused over Rs.10,300 crore in June.

· In policy notes, the GST Council decision to cut rates big time will favour pharma, equipment and COVID supply stocks. Keep them in focus. Also, the MPC policy minutes on Friday will give a hint of trajectory of rate sensitive stocks.

· Both WTI Crude and Brent Crude are now above $70/bbl with the gap narrowing between the two. This could put pressure on domestic petrol and diesel prices and also pressure on the INR value, which is at 73.30 levels.

· In key global macro data, CPI and WPI inflation data to be announced on Monday 14 June with Reuters anticipating another spurt in inflation. Watch out for core inflation. Another key data is trade data on Tuesday with focus on export traction.

· For the week, key quarterly results to be announced include, Coal India, IDFC, IOB, Kajaria, Jubilant Foods, LIC Housing, PFC, CESC, RITES, Natco and more. Overall profit growth buoyant till now.

· Key data points from global markets to be keenly watched this week. The focus will be on US PPI, the US FOMC Statement, IIP and Redbook; China IIP and Retail Sales; EU car registrations; Japan CPI and IPSOS data will wrap the week.

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