- The continued uncertainty over the trade deal worked as a ceiling for the stock markets on Friday as the Nifty continued to face resistance at the 12,000 levels. F&O expiry will keep the markets volatile in the week.
- The GDP number to be announced on November 29 will be the big story of the week. The consensus expectation for the GDP this quarter is closer to 4.2%. Anything lower than that will be a major disappointment for the markets.
- FPIs were net buyers to the tune of Rs.306 crore while DFIs sold Rs.178 crore on Friday. For the month of November till date, FPIs have infused close to Rs.17,700 crore with more than 95% of the flows coming into equity.
- Markets across the US, Europe and Asia have been hopeful in the light of the trade deal expected to be signed in early December. Even as the signing has got delayed, both the US and China are confident of ironing out the differences.
- NTPC could be the stock to watch out for. With the proposed merger of NEEPCO and THDL into NTPC, it is likely to expand their capacity. Also, the stock is a good dividend yield bet and one can target Rs.150 in one quarter.
- We have been suggesting DLF since the level of Rs.160 and we suggest adding more at around Rs.215 as the company looks to go zero debt by the next year. This is likely to be a big boost for valuation of the stock.
- Infosys is again giving an interesting price entry point at around Rs.690 and traders can look to accumulate at these levels for target of Rs.750 in one month time frame. Longer term targets can be set much higher.
- The F&O expiry is likely to create a lot of volatility in the markets on Monday and traders would be better off being cautious at higher levels.
