Next Week Bazaar Main Kya Karein
Channel: Tax4wealth
Date: 10/05/2020

Next Week Bazaar Main Kya Karein :
10/05/2020
Hi Friends, I am CA Rakesh Singhal, 
I welcome you to our Next Week Bazzar Main Kya Karein.
To Pehle baat Karte Hain Last Week matlab 4h May se start hue week main kya hua.
Jan se Apr tak jo FII ki selling chal rahi thi, in the month of may as per data points net buying in cash segment is more than 18000 Crores, but it includes the transaction between GSK and HUL of more than 28000 Crore, So technically it is net sell from FII more than 10000 Crores in the Month of May-2020, DII ne ab tak May Month main 900 Crore se jyada ki  net buying ki hai cash segment main. Dekhna Hoga ki ye FII ki Selling continue Rehti Hai ya nahi. 
Nifty Ki Baat Kare to this Week Nifty Main Kamjori hi dekhi Gayi, Monday Nifty opened at 9534 but closed on Friday at 9252. Jaisa ki hamne last week aapko bataya tha Nifty main 9400 per Support hai, but nifty could not hold that support and Nifty ne 9100 ke aas pass support liya. 
To Next week Hame lagata hai ki abhi Nifty ki broad range should be 9600-9000 main 9550-9600 per ek bikwali aa sakti hai aur niche main 9100-9000 per ek support Nifty le sakta  hai. 
Concerns over coronavirus continue
Concerns over the novel coronavirus, or COVID-19, seems to be unabated. Globally, the total number of Confirmed cases has risen More Than 40 lakh and More than 2.75 Lac people have died so far.
This Week So Far :
Monday 4th May Nikkei Market manufacturing PMI-India for April was declared it was Actual 27.4 below Forecast of 41 Previously it was 51.8, so it is very week data below Fifty suggests the manufacturing sector is in contraction.
Wednesday 6th May India Nikkei Services PMI-India for April was declared it was Actual 5.4 below Forecast of 40 Previously it was 49.3, so it is very week data. the Services sector is in major contraction.
Thursday 7th May US Jobless Claim Number 
The number of Americans seeking unemployment benefits was 3.169 Million in the week ended on 7th May, 2020 down from the previous week’s 3.839 Millions bringing the total number of applications to nearly 33 million since the coronavirus pandemic shut down swaths of the U.S. economy. 
Friday 7th May India Bank Loan Growth declared which was 6.7% in comparison to previous month 7.2%.
Friday 7th May India Deposit Growth declared which was 9.8% in comparison to previous month 9.5%.
NEXT WEEK :
Tuesday 12th May India Consumer Price Index Apr-2020 YoY Data
Wednesday 13th May UK GDP data for March-2020 will be released.
Thursday 14th May US Jobless Claim Number, India Wholesale Price Index Apr-2020 YoY Data
So aaj Ke Liye Bas Itna Hi,
So keep watching our channel tax4wealth for updates on the Markets and Business Activities.
Ghar Per hi Rahe, Surakshit Rahe.

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