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EVENTFUL WEEK AHEAD

1ST NOV-5TH NOV.

NEXT WEEK MARKETS MAY REMAIN IN TIGHT RANGE AHEAD OF FED MEET ON 3RD NOV.,AND ALSO U.S MIDTERM ELECTIONS ON 2ND NOV.

ON 3RD NOV Mr.BERNANKE IS EXPECTED TO ANNOUNCE DETAILS OF QE2

RBI WILL ALSO ANNOUNCE ITS QUARTERLY MONETARY POLICY ON 2ND NOV AND IS EXPECTED TO KEEP RATES UNCHANGED OR AT MAXIMUM THEY MAY INCREASE @25BPS SO MAY TURNOUT TO BE A NON EVENT BUT ANY POSITIVE ANNOUNCEMENT FROM RBI CHAIRMAN MAY SEE SOME BULLISHNESS

MARKETS WILL REMAIN CLOSED ON 5TH NOVEMBER DUE TO DIWALI HOLDAY BUT THERE WILL BE A ONE HOUR SPECIAL MUHURAT TRADING SESSION BETWEEN 6PM AND 7 PM

COAL INDIA LISTING ON 4TH NOVEMBER

STOCKS TO WATCH NEXT WEEK:CUMMINS,GLENMARK,MARUTI,DLF,DISH TV,UNITECH

Month of November has historically seen huge NIFTY volatility as can be seen from the table [refer below]
NIFTY on an average has witnessed an absolute average move of about 12.9%
Thus for Nov-2010, we may expect the NIFTY to witness similar trend as in the past.

Date: Abs Volatility %(High/Low)
30/11/1999 14.4
30/11/2000 8.8
29/11/2001 12.7
29/11/2002 11.7
28/11/2003 8.0
30/11/2004 10.5
30/11/2005 15.2
30/11/2006 6.4
30/11/2007 11.4
28/11/2008 29.5
30/11/2009 13.2

Average: 12.9

Maximum: 29.5

Minimum: 6.4

source: a friend

NIFTY DAILY CHARTS