Quite some data coming in this week:
India:
Monday - GDP last quarter, expectation is around 6%. fiscal deficit for June.
Tuesday - ABN PMI Index , was 53.3 for July. Monthly auto sales. Trade deficit.
US:
Friday - job data
Nifty still going strong, but there has to be a correction as the index as well most sectors see overbought. Among other sectors, IT seems slated for a sell off, RS appreciated some last week and may do more this week. Micro Tech looks good to buy, Patni/Oracle finance good to sell. Others scrips I was hoping to buy like have all gone up way too fast, so need to wait for correction. Lower GDP number will be good as it will create a buying opportunity.
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