InvestorQ : Can you tell me what are the important trading cues I need to watch out for the trading week starting on 26 April?
sarah Leo made post

Can you tell me what are the important trading cues I need to watch out for the trading week starting on 26 April?

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diksha shah answered.
2 months ago
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Here are some of the important cues you need to watch out for in the coming week.

· Nifty closed lower than 14,350 and negative A/D ratio. With the VIX holding around 22 levels and refusing to fall below 20, the market will continue to be a sell-on-rise market.

· India is adding 3.50 lakh cases daily and better recovery rate is offset by oxygen shortfall and inoculation delays. Markets will be disappointed if pricing delays vaccinations.

· Expect reaction to ICICI Bank profit jump. Gross NPAs an issue. Big results this week are, HDFC Life, SBI Cards, Axis, Britannia, HUL, Maruti, Bajaj Auto, BFIN, Reliance, APIL.

· The Rs.4,993 Power Grid INVIT IPO will open this week and is a good cue for asset monetization. FII appetite will be keen as they are selling in markets but long on IPOs.

· FOMC is likely to hold rates on 28 Apr but bigger concern will be the 43.3% capital gains tax proposed by Biden. Fitch rating will be negative as it is shorn of any macro warnings.

· Core sector pressure may abate in March due to base effect but full year for FY21 will still be negative. Another data point to watch is auto sales for April expected on 01 May.

· Major US data points include Fed rates, jobless claims, Q1 GDP, PMI Composite, personal income & spending stats. Focus on ECB PMI, Q1 GDP, Inflation Flash, Japan BOJ rate decision, retail sales, joblessness, IIP, JIBUN PMI.

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