Outlook for Week Ahead - December 22, 2012 - HDFC Securities

The markets may remain volatile next week as traders roll over positions in the F&O segment from the near month December 2012 series to January 2013 series. The near-month December 2012 derivatives contracts expire on Thursday, December 27, 2012. Investors are likely to keep a close on watch on the developments on the US 'fiscal cliff' which could especially affect software service exporters such as Infosys and TCS. Indian companies will start unveiling Q3 December 2012 results from mid-January 2013.

Next week is a truncated trading week. The stock market remains closed on Tuesday, December 25, 2012, on account of Christmas.

Markets could ride the global cues next week. If the US 'fiscal cliff' is not sorted out, it could further continue its downward movement and trade in a range of 18,800 to 19,400 on the Sensex.

Source : Equity Bulls

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