InvestorQ : What are the major trading cues and investment triggers for the week commencing on 29 June 2020?
rhea Babu made post

What are the major trading cues and investment triggers for the week commencing on 29 June 2020?

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Arti Chavan answered.
4 months ago
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The major trading cues for the coming week are as under.

· Recoveries from Coronavirus are now exceeding fresh afflictions and that is a signal fo the pandemic finally topping out. That is positive for markets.

· After the 36% rally since March 23, 2020, most medium term upsides may be priced in and Nifty direction may be flat to negative from here on

· The gradual tapering of border tensions amidst more diplomacy could be a market positive and reduces geopolitical risk

· Pharma companies will continue to be the focus as COVID race heats up and markets will be watching pharma companies like Serum, Cipla and Jubilant for COVID cues|

· Unlock predicates on the success of Unlock 1.0 but the time frame of lockdown could be extended in some key states and that is still an overhang

· Monsoons have been above normal in quantum and spread and that hints at lower food inflation going ahead in the next few months

· Quarterly results deadline extended to July 31 and focus this week will be on ONGC, Vodafone, BEL, MRF, ICRA, SAIL etc

· The week will see the June auto sales announced and the two-wheelers and the tractor segment could again drive growth in Q1 Jun-21

· The core sector, PMI manufacturing and services will be closely scanned this week for signs of a possible bounce back

· Current account number Jun 30th could be a surplus and that could be a boost for sovereign ratings and also for value of the rupee

· Key global macro data include FOMC minutes and jobs data in the US and inflation and economic jobs data in the EU during the week




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