InvestorQ : What is your trading outlook for the trading week starting on 18th October and what are the major cues that I need to watch out for?
Arti Chavan made post
Banks Commodities COVID-19 F&O Fundamentals Indices Market View Technical

What is your trading outlook for the trading week starting on 18th October and what are the major cues that I need to watch out for?

Answer
image
diksha shah answered.
2 years ago
Follow

Here are some of the major trading cues that you need to keep an eye on for the coming week starting on 18-Oct.

· Nifty closed above the 18,300 mark, indicating that the psychological level of 18,000 was well and truly broken decisively. For the last week, the mid cap index with 3.4% did better than the Nifty, but Bank Nifty will be the real large cap idea to watch out for.

· Markets would react positively to results of HDFC Bank, for lower gross NPAs, and D-Mart, for smart growth in profits. Both announced on Saturday. Also, positive guidance on revenues of 17.5% by Infy and over 10% by HCL Tech will have a bearing on markets.

· Watch out for key large cap Q2 number of Ultratech, ACC, HUL, Nestle, Asian Paints, JSW Steel, TVS, HDFC Life, Reliance, ICICI Bank as well as important mid-cap numbers of Route Mobile, I-Sec, Mastek, TCOM, ICICI Pru Life, Lombard, IEX, IHCL, IndiaMart, LICHFL.

· Big digital IPOs of Nykaa, Paytm and MobiKwik to garner about Rs.25,000 crore in the last week of October, enthused by India crossing the 100-crore vaccination mark next week. Boost to FPI confidence in India, will boost QIB demand for these IPOs.

· Keep an eye on global bond yields with US yield at 1.5% and India yield at 6.33%. US inflation spike and hawkish Fed minutes could be a trigger. However, the hawkish Fed minutes could accentuate the fall in rupee, which fell to 75.46/$ in previous week.

· Key Asian data points to be watched this week include Japan balance of trade, inflation, Jibun PMI; China jobs, IIP, retail sales, capacity utilization. Of course, for India, the quarterly results and the Brent Crude prices will be the big numbers to watch out for.

· In global cues, watch out for the US Sep-21 IIP, Housing Starts, Building permits, jobless claims, home sales, October PMI Flash. In Europe, watch out for EU construction output, current account, inflation, PMI; German PPI, UK Inflation and the French PMI.

12 Views