InvestorQ : What are the major trading cues and triggers that you see for the week starting on 14 September? Should I trade long or short?
Arusha Ray made post

What are the major trading cues and triggers that you see for the week starting on 14 September? Should I trade long or short?

Answer
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diksha shah answered.
2 weeks ago


Broadly, it could be a fairly range-bound week with no major triggers to really give a substantial push to the market either ways. Here are the weekly triggers.

· The IIP at -10.4% has been improving since May and the good news is that manufacturing is almost back to 90% of the pre-COVID levels.

· All eyes will be on the star of last week, Reliance Industries. Watch out for action on the KKR purchase of RRVL stake and the proposed $20 b deal with Amazon

· Inflation on Monday is important as analysts are expecting it to cross 7% and that could rule out rate cuts for this particular calendar year

· Geopolitically, last week saw progress with high level talks between India and China. However, lot will depend on the actions initiated by Xi Jinping on troops withdrawal

· Multi cap rule came from SEBI late on Friday and could impact mid cap and small cap stocks. The 25% rule could trigger flows of Rs.40,000 crore into mid and small caps

· Focus of the trade data to be announced on Tuesday will entirely predicate on the level of exports. Markets will do a reality check if IIP recovery is reflected in exports of goods

· Key results for the Jun-20 quarter during the week include Vedanta, Spice Jet, Max India, Apollo Hospitals, HUDCO, PVR, ITI, NBCC, and SAIL

· IPO big boy, Happiest Minds, of Ashok Soota will list on 17 September and will set the tone for IPO appetite due to it being subscribed 151 times

· With Coronavirus infections crossing 95,000 per day all eyes will be on the Bharat Biotech Covaxine after Serum Institute was asked to put off its vaccine trials

· FOMC 2-day meet starts on Tuesday. while rates will stay close to zero, focus will be on the guidance on economic growth and the recovery

· Heavy Nifty Call writing at 11,500 and put writing at 11,300 hints at a very range-bound market and the VIX below the 21 levels only confirms that

· Key global triggers for the week will include US IIP, Fed meet, Jobless Claims, Euro IIP, EU Inflation, Japan IIP, Trade balance and China IIP will hold the key

But the biggest even of the next week is likely to be the Reliance story on retail and whether the Amazon deal goes through.