Here are some of the key triggers and signals for the coming week.

· Daily COVID cases crossed 55,000 on more aggressive testing and this could mean delays in Unlock 3.0 and longer lockdowns.

· Level of 11,200 proved to be a resistance for Nifty as it was unable to scale beyond 11,200 despite repeated attempts. That could be the immediate hurdle.

· Core Sector growth at -15% but gives hope for some sectors like cement and fertilizers where traction is visible in Jun-20 data

· Revival in auto numbers as it gets back to pre-COVID levels. Big rural thrust visible in the two-wheeler demand on the back of rural income traction

· Extension of loan moratorium, expiring on 31 Aug, could hold the key as markets are expecting an extension till December 2020

· Indian crop planting rises 14% on early monsoon onset. Monsoon for August and September estimated at 104% of long period average or LPA

· FM to announce new PSU policy with strategic sectors redefined. With LIC IPO in the works, this could provide a time table for aggressive divestment of PSUs

· Big news will be the RBI policy statement on 06 August. Rate cut of 25 bps is factored in but rate sensitive stocks will look for liquidity infusion outlook

· With large cap results largely done, focus shifts to key mid cap results like Canara Bank, BEML, VST, BSE, Unichem, CERA, Sobha, Balrampur, JSW Holdings this week

· Key global data triggers include global PMI data, July inflation, US-ISM, Trade balance, US Factory orders and Crude inventories among others