Markets next week

Nifty is going sideways since last week after a meaningful correction. Market shows no signs of an immediate uptrend . However, from January on wards we can expect a pre budget rally. FII will be back after holidays and they will be buying stocks which are corrected enough and looks attractive. 7900 is a strong support for nifty. Buying opportunity will be driving the market up if this level is tested.

Internationally,Europe seems to be struggling and they will continue the same path for the years to come. Chinese economy has slowed down enough along with japan and India. Once US fed hikes rates in 2015,economic growth of China and India will be back on track. 

Crude oil price will not fall below $45. However demand form china ,japan and Europe will be limited. Over supply from US shale gas and middle east extremists who are in need for cash is keeping the price down. We expect it to trade at an average of $50 next year.

Gold will not appreciate in such a way we have seen in the past 5 years. In 2015 gold will fall once US fed hikes rates.

Currencies of Japan, China as well as Euro will depreciate. US dollar will appreciate considerably.

Emerging market economies will spurt after US economy shows enough strenth next year. Global economy will reach a sustainable growth by 2016 end.

When FIIs start buying Arvind can test 320. It is one of the stocks they are planning to accumulate.

Britania can test 1900 in two months.