morning thoughts...
The july series started off on a good note and the coming sessions looks strong and volatile technically.
The Indian equity markets are clearly in a state of high optimism right now. In fact, one might even be tempted to call it euphoria. The run up which began well before the elections has resulted in huge short term gains across stocks and sectors.
India is the best performing market in 2014 so far. In the first six months of the year, the benchmark indices are up about 19%.
This is the biggest six-month gain for the indices in the last five years.
The month of June has come to an end but we are yet to see the arrival of a full-fledged monsoon. Expectations of deficient monsoon has stoked inflation worries and hurt investor confidence.
In fact, currently market experts deem monsoon as the biggest risk to the economy and thus stock markets.
Astrologically Mercury turns direct today
However, Analysis of the past data by this leading daily reveals that whenever India received insufficient rainfall the BSE Sensex level at the end of the year was higher than the one that prevailed at the beginning of the year. The length of the time period is long enough to eliminate near term aberrations and makes one conclude that rainfall has potentially no effect on stock market returns.
Coming to the commodity markets bullions looks weak , whereas base metals and energy looks strong
Stocks for tuesday
We are bullish on steel counters
Buy jackpot allcargo global , fii tata steel
Buy double bumper hindalco 160 ca , sail 100 ca
Buy nifty and bank nifty on dips
Buy copper , zinc , crude and sell gold and silver
The july series started off on a good note and the coming sessions looks strong and volatile technically.
The Indian equity markets are clearly in a state of high optimism right now. In fact, one might even be tempted to call it euphoria. The run up which began well before the elections has resulted in huge short term gains across stocks and sectors.
India is the best performing market in 2014 so far. In the first six months of the year, the benchmark indices are up about 19%.
This is the biggest six-month gain for the indices in the last five years.
The month of June has come to an end but we are yet to see the arrival of a full-fledged monsoon. Expectations of deficient monsoon has stoked inflation worries and hurt investor confidence.
In fact, currently market experts deem monsoon as the biggest risk to the economy and thus stock markets.
Astrologically Mercury turns direct today
However, Analysis of the past data by this leading daily reveals that whenever India received insufficient rainfall the BSE Sensex level at the end of the year was higher than the one that prevailed at the beginning of the year. The length of the time period is long enough to eliminate near term aberrations and makes one conclude that rainfall has potentially no effect on stock market returns.
Coming to the commodity markets bullions looks weak , whereas base metals and energy looks strong
Stocks for tuesday
We are bullish on steel counters
Buy jackpot allcargo global , fii tata steel
Buy double bumper hindalco 160 ca , sail 100 ca
Buy nifty and bank nifty on dips
Buy copper , zinc , crude and sell gold and silver
