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May 22, 2023
- Let's talk about what will happen in coming 4 months. People with black money in 2000 notes will use them instead of depositing it in banks Demand for household things like mobile, laptop, tablet, watch, tv, ac, oven and etc will increase. That will result in good Q1 and Q2 for the corporates and companies will come out with good results. Economy will improve, GDP will beat expectations. India will be No1 in terms of GDP growth. Demand of goods and services will increase where PAN is not to be given. People will travel, stay in hotel and make sure that total bill is less than 50K. So hotels, restaurants will also do well. And big players can only buy gold. So gold may show price of 65000+ soon. Stock Mkt can show 5-10% growth with strong economy. Selected stocks can show better growth. If you have money in bank, buy stocks on Monday or buy MF. If you have money in your cupboard, plan what to buy in few days. Prices of goods may zoom. Plan wisely. Don't deposit cash in bank immediately as you don't know what surprise may come later.
- Income level is set to increase in this later part of the decade. With that, discretionary expenses will rise. Below stocks will benefit from it.
- 1) Sbi cards
- 2) Aditya Birla Fashion
- 3) Dixon Technologies
- 4) Blue Star India
- 5) Berger Paints
- 6) Hero MotoCorp
- Economic Calendar From 22nd May to 26th May 2023 :
- 22.05.2023 :
- 6.45am : China : Loan Prime rates Decision.
- 6.30pm : USA: Fed Logna speaks.
- 23.05.2023
- 6.00am : Japan: Manufacturing PMI Data.
- 10.30am : Japan: BOJ core Cpi Data.
- 1.00pm : Europe: Manufacturing PMI Data Expected positive.
- 2.00pm : London : Manufacturing PMI Data Expected positive.
- 5.30pm : USA: Building permit Expected Negative.
- 24.05.2023:
- 11.30am : Europe: Cpi Data Expected Negative.
- 3.00pm : BOE governor Bailey speaks.
- 8.00pm : USA: Crudeoil Inventory Data Expected Negative.
- 11.30pm : USA: Fomc meeting minutes.
- 25.05.2023:
- 11.30am : Europe: German Gdp data Expected lower Negative from -0.4% to -0.1%
- 6 00pm : USA: GDP Data Expected Negative from 2.60% to 1.10%.
- 6.00pm : Initial Jobless Claim Data 242k vs 252k.
- 7.30pm : USA: Pending home sales data Expected positive 0.50% vs -5.2%.
- 26.05.2023: Japan: Core cpi data Expected Negative 3.30% vs 3.50%.
- 11.30am : Europe: Core Retail sales data Expected positive 0.4% vs --0.9%.
- 6.00lm : USA : core pec price index data Expect flat 0.30%.
- 6.00pm : USA: Trade Balance Data Expected Negative.
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