InvestorQ : What in you view are the major trading cues and signals to watch out for in the coming week starting on 19 April?
Debbie Mascarenhas made post

What in you view are the major trading cues and signals to watch out for in the coming week starting on 19 April?

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diksha shah answered.
3 weeks ago
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Here are some of the key cues to watch out for in the coming week.

· Keep an eye on technology stocks. They came under pressure after Q4 results. The IT stocks profits grew on YOY basis but lagged on QOQ basis. That could be an overhang.

· COVID cases cross 2.50 lakhs per day and markets risk more lockdowns. Even recovery ratio has fallen from 92% to 87%. That remains the biggest risk for markets this week.

· Being a truncated week with a trading holiday on 21 April, the week could see a spike in the volatility. More so, with the VIX continuing to be tentative and not giving clarity.

· Big Q4 names expected this week include ICICI Bank, HCL Tech, Nestle, ACC, ICICI Pru, Rallis, Tata Elxsi and M&M Finance. Markets will also react to HDFC Bank results.

· FIIs took out Rs.2,597 crore in April and their lack of interest is making the markets tepid. It has also led to the rupee into free fall after the last credit policy.

· Markets will be slightly tentative about the listing of Macrotech, part of the Lodha Group, as it lists on 19 April. Response was tepid, and GMP is also about 10% only.

· Nifty put/call accumulation range shifts to 14,300-14,800, indicating that traders are betting on wider range but lower trajectory for markets.

· Major global data flows include US jobless claims, existing home sales, new home sales, MBA mortgage applications and Markit PMI. Also watch for ECB interest rates, consumer confidence, PMI, Japan industrial output, JIBUN PMI and Japan March inflation.


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