Weekly forecast 11th Aug - 14th Aug.

• Markets have closed well above 15 K mark. This is one good news.
• Inflation is at a 13 years high of 12.01% went up 0.03% from 11.98% last week.
• US Federal Reserve kept the interest rates steady at 2% and the discount rate at 2.25% against the backdrop of expanded economic activity in the second quarter on account of growth in consumer spending and exports.
• Heavy profit booking was seen at higher levels.
• IIP data is to be released on 12th Aug. at 12 pm. (So be careful)
• The NYMEX Crude Oil is trading well below 116$ per barrel.

Conclusion: -

• Profit booking expected at a higher level.
• Crude expected to fall much further.
• Inflation is one big concern.
• IIP data is the second concern.
• Senxex safe above 15,300 mark.
• Target from our side till the end of the week is 15,600.

Happy Investing.!

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