SHREE GANESHAY NAMAH !!
NIFTY WEEKLY RANGE FOR THE WEEK 16TH SEP -- 20TH SEP 5735 -- 5962. Either Side Sustaining Will Give 100 Points More !
Outcome of Fed, RBI policy meetings to dictate trend :
The data on wholesale price index (WPI) for August 2013, the outcome of Federal Reserve's policy meeting and the outcome of Reserve Bank of India's mid-quarter review of monetary policy 2013-14 will dictate trend on the bourses.
The data on advance tax paid by Indian corporates in the second quarter will be out on Sunday, 15 September 2013. The second quarter advance tax numbers will provide cues on Q2 results of India Inc. Advance taxes are collected in four installments -- 15% by 15 June; 40% by 15 September; 75% by 15 December and 100% by 15 March.
The government unveils data of inflation based on the wholesale price index (WPI) for August 2013 on Monday, 16 September 2013. WPI inflation is seen accelerating to 5.9% in August 2013 from 5.79% in July 2013, as per the median estimates of a poll of economists carried out by Capital Market. WPI inflation had accelerated to 5.79% in July 2013, from 4.86% in June 2013.
Investors across the globe are eyeing the next policy meeting of the Federal Open Market Committee (FOMC) scheduled next week, considered by many to provide an indication on the timing and size of the Fed's cutbacks in its bond-purchase program. The FOMC holds a two-day policy meeting on Tuesday 17 September and Wednesday 18 September 2013 to decide on interest rates in the United States. The US central bank currently buys $85 billion a month in US debt and mortgage-backed securities in a bid to hold interest rates low and encourage economic growth. Federal Reserve Chairman Ben Bernanke has on several occasions stressed that the tapering process is dependent on an improvement in data. Fed's bond-buying program has kept global markets flush with liquidity in recent years.
The Reserve Bank of India will release a Mid-Quarter Review of Monetary Policy 2013-14 at 11:00 IST on Friday, 20 September 2013. This will be followed by Governor Dr. Raghuram Rajan addressing the media in the afternoon on that day. Capital Market !
TRADING CALLS
CASH
BUY CIPLA 439--442 SL 435 TGT 448 / 456
BUY TATAMOTORS 332--335 SL 327 TGT 340 / 349
BUY HAVELLS 620--624 SL 612 TGT 634 / 646
SELL TATACHEM 246--249 SL 254 TGT 241 / 235
SELL RELCAP 347--350 SL 354 TGT 340 / 332
FO
BUY ORACLE 3025--3045 SL 2990 TGT 3075 / 3115
BUY INFY 3018--3035 SL 2995 TGT 3060 / 3090
SELL AXISBANK 1058--1070 SL 1088 TGT 1032 / 1010
DISCLAIMER : THE TEAM IS NOT RESPONSIBLE FOR ANY LOSSES OCCURED DURING ANY TRADE !!
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