What are the weekly triggers for the stock markets in the coming trading week starting on 13th September?

Here are some of the major triggers for the coming week.

· IIP is finally back to pre-COVID levels after 3 months and we could see positive reaction to this data on Monday. CPI inflation will be announced on Monday 13 September and that is expected to be at 5.6%, which should help the RBI rate stance.

· Sensex was muted and Nifty could take support at 17,300 in coming week. There could be a greater shift to mid-caps and small caps in the coming week in search of alpha. Also sector rotation is more likely to favour defensive sectors like FMCG and IT.

· Indian pandemic numbers are dropping sharply although the numbers are rising in Western countries. FII flows were tepid during the week with net selling of Rs.1,114 crore. FPIs are likely to wary of EMs with the rising global cases.

· IPOs have reduced to a trickle, so the IPO of Sansera Engineering IPO opening next week on 14th September will be watched for subscription and listing. Meanwhile, markets will also watch this week, the listing of Ami Organics IPO and Vijaya Diagnostics IPO.

· Nifty call accumulations are maximum at 17,400 and put options at 17,200. It is best to bet on a narrow range of 17,000 to 17,500 on the Nifty. However, with the VIX falling to 13.94 from above 15, it is time to bet on bounce from lower levels.

· Key data points from the US include August Inflation, industrial production, mortgage applications, retail sales and jobless claims. EU data focus on IIP, inflation and construction output; Japan IIP and machinery orders; China retail sales and IIP data.