Thursday, November 21, 2024

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Dalal Street Next Week | 10 key factors that will make traders busy next week

Dalal Street Next Week | 10 key factors that will make traders busy next week

The market managed to open profits in the Volatile Week which ended April 8 which saw several major developments. The HDFC twin merger decision raised sentiment on Monday followed by a correction in the next three days in the midst of the US Hawkish tone and Ukrainian-Russian tension. And on the last day there was an updated purchase interest considering the status quo at the policy level managed by Bank India’s reserves with focusing on inflation and growth.

BSE Sensex rose 170 points to 59,447 and Nifty50 jumped 114 points to 17,784 while there was a strong performance in a wider room with BSE MIDCAP and a small index rose more than 3.5 percent.

Sundays shortened upcoming holidays are likely to be packaged in action with the beginning of the company’s income, inflation and industrial output data, and the development of Ukraine-Russia. So experts predict volatility to continue the availability of special opportunities for shares because of the income season.

“Indications support further consolidation in nifty but the income season will offer sufficient trading opportunities throughout the board,” said Ajit Mishra, VP – Research at Religare Broking, said.

He further said, “Because we see a mixed trend of cross-sector, traders must choose shares that show higher strength. Investors must supervise income and align their portfolio.”

The market will remain closed on April 14, for Mahavir Jayanti & Dr. Baba Saheb Ambedkar Jayanti, and April 15, for Friday.

Here are 10 key factors that will keep traders busy next week:

Corporate Earnings

Inflation and Industrial Output

Oil Prices

Ukraine-Russia Tensions

FII Flow

Global Data Points

Technical View

F&O Cues

India VIX

Corporate Action

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