The GDP data due next Friday and some announcement from the RBI to reduce liquidity concern will be awaited. March is the month when corporate have to pay up their taxes and they need money in large quantity.Hence we need to watch it too closely.
As usual I will be doing my two bit on various sectors and this week it would be IT with a special emphasis on the story about HCL Tech.Shiv Nadar is know to say one thing and do something else. Nothing is permanent with him, everything is fluid as is the sale of his company.And the state of affair of this sector and the what is in store in the coming and following quarters.
A look at the Oil &Gas and commodity markets would be another highlight this week.Oil, metals, coal, and grains would be the areas which would be concentrated upon.
Finally the outlook for Nifty next week and where will close , and that would be a surprise.