Hello everyone
From the 11th may another new trading week will continue till 15th may.
This trading week will react on 8th big news
1. Covid 19 situation
Number of covid 19 cases crossed 65000 and mumbai has emerged as an epicentre with over one-fifth of the total cases. 2000 patients have succumbed to the disease. There is sharp rise in the patient count, market participants will be closely monitoring the evolving situation.
But situation of seems to he stabilising in Europe. And fully in control in China and US situation is said to be peaking, though in india, it is yet to peak.
2. Govt. Policy toward Lockdown
We would have completed 53 days of lockdown by end of next week. We will soon come to know if the government is planning to extend the nationwide lockdown beyond may 17.
Reports suggest that the centre could extend lockdown further in red zones. However, experts feel that ant extensions of lockdown beyond 17 may could be a big risk for the economy.
3. Q4 earnings
March quarter earnings will be in full swing this week. Mid and small cap companies like wockhardt and Godrej properties will announce results on may 11, they will be followed by bandhan bank and nestle the next day and kotak mahindra bank and maru Suzuki on 13 mat, biocon and Manappuram finance results will be out on may 14, while Nippon AMC and L&T tech will disclose their earnings on May 15.
4. IIP and inflation date due
On the macro front, industrial production data for March and CPI inflation for april will be released on may 12, wpi inflation will be announce on may 14.
Foreign exchange reserves for the week ended may 8 and balance of trade data for April will be released on may 15.
5.USD-INR situation
6.cruide oil
7. Us-China trade war revival
Globally, the markets were cautious last week due to the likely collapse if phase 1 trade agreement between Us and china.
But, reports suggest that the meeting between officials of both countries was positive. This could be support equity markets.
Both sides agreed that in spite if the current global health emergency, both countries fully expect to meet their obligations under the agreement in a timely manner, Reuters said, quoting the joint statement of teo trump cabinet officials.
8.Technical view.
The overall trend for nifty continues to remain sideways to negative until it remains 9400-9500 levels decisively, experts feel. Any sell off may push nifty towards 9000 or even lower towards 8800.
"Let's create wealth together"
From the 11th may another new trading week will continue till 15th may.
This trading week will react on 8th big news
1. Covid 19 situation
Number of covid 19 cases crossed 65000 and mumbai has emerged as an epicentre with over one-fifth of the total cases. 2000 patients have succumbed to the disease. There is sharp rise in the patient count, market participants will be closely monitoring the evolving situation.
But situation of seems to he stabilising in Europe. And fully in control in China and US situation is said to be peaking, though in india, it is yet to peak.
2. Govt. Policy toward Lockdown
We would have completed 53 days of lockdown by end of next week. We will soon come to know if the government is planning to extend the nationwide lockdown beyond may 17.
Reports suggest that the centre could extend lockdown further in red zones. However, experts feel that ant extensions of lockdown beyond 17 may could be a big risk for the economy.
3. Q4 earnings
March quarter earnings will be in full swing this week. Mid and small cap companies like wockhardt and Godrej properties will announce results on may 11, they will be followed by bandhan bank and nestle the next day and kotak mahindra bank and maru Suzuki on 13 mat, biocon and Manappuram finance results will be out on may 14, while Nippon AMC and L&T tech will disclose their earnings on May 15.
4. IIP and inflation date due
On the macro front, industrial production data for March and CPI inflation for april will be released on may 12, wpi inflation will be announce on may 14.
Foreign exchange reserves for the week ended may 8 and balance of trade data for April will be released on may 15.
5.USD-INR situation
6.cruide oil
7. Us-China trade war revival
Globally, the markets were cautious last week due to the likely collapse if phase 1 trade agreement between Us and china.
But, reports suggest that the meeting between officials of both countries was positive. This could be support equity markets.
Both sides agreed that in spite if the current global health emergency, both countries fully expect to meet their obligations under the agreement in a timely manner, Reuters said, quoting the joint statement of teo trump cabinet officials.
8.Technical view.
The overall trend for nifty continues to remain sideways to negative until it remains 9400-9500 levels decisively, experts feel. Any sell off may push nifty towards 9000 or even lower towards 8800.
"Let's create wealth together"
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