December Series of futures started it's operations by opening on the higher note. It is expected to grow aggressively in short term. There are number of triggers yet to come ahead of December Futures Delivery. GDP growth figures for the second quarter of fiscal year 2014 are scheduled to be released today. Along with it the deficit figures for the last month October are to be announced today. Market traders are suggested to keep eyes on 5th December 2013 because on this day the ECB (
European Central Bank) will take the ultimate decision on the interest rates while on other hand GDP figures of U.S. for the third quarter will be released. U.S. unemployment figures for the month of November 2013 will come out on 6th December. Domestic market may still remain volatile till 8th December since the election results of 5 states of India (Delhi, Madhya Pradesh, Rajasthan, Chattisgarh, Mizoram) will be declared on 8th December 2013. Market is expecting BJP to form Government in the 3 states out of 5. Market results may impact the Indian markets up to 10% up or down.
Important Events of December 2013
- Election Results of 5 States on 8th December 2013
- US Unemployment Data
- ECB Meeting on to decide the Interest Rates
Expert Advice For Short Term Stock Trading
- Buy BHEL with a stop loss of Rs 146 for target of Rs 166.
- Buy JSW Steel with stop loss of Rs 875 for target of Rs 965.
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