What in your view are the major triggers for the stock markets in the coming week starting on 07th March?

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

· Keep an eye on the Ukraine war situation as it enters 11th Day and is now creating a problem of refugees, a humanitarian crisis and also high oil prices at $118/bbl.

· Auto numbers were disappointing for Feb-22 and that will be overhang on auto stocks. Also, keep an eye on VIX at 27, as anything above 30, will again lead to sharp selling.

· State election outcomes on 10-Mar critical from reforms perspective. Also look for IIP numbers on 11-March for signals of manufacturing recovery.

· Two specific events this week will be the opening of the TCS buyback on 09-March and the final word from government on LIC IPO.

· FPI selling of Rs.22,563 crore last week will keep the put / call writers in the Nifty range of 15,500 to 16,700 with downward bias.

· Focus on US data points of Inflation, Wholesale Inventories, MBA Mortgage applications, weekly jobless claims. In other parts of the world, focus shifts to EU Q4 GDP, ECB Rate; Japan Q4 GDP, Machine tool orders, household spend; China Inflation, car sales