morning thoughts...
As said and expected the markets continued its journey upwards and traded positive for the day.
Now we head towards the f/o expiry for the august series which have been positive and profitable throughout.
We can witness a volatile day but it will provide good trading oppurtunities.
Technically, Since the beginning of 2014, the stock markets have been on an uptrend. The rally received a leg-up by the election of a strong, reform-led government at the Centre. Foreign Institutional Investors (FIIs) have played a pivotal role in driving up markets with investments close to US$ 12.6 bn made so far. But one cannot deny concerns of pull-back in global liquidity hitting domestic equity markets.
However, the redeeming factor is that domestic institutional investors have turned net buyers in the stock markets on improving economic fundamentals. Industrial output grew by 3.9% during the period April-June 2014 as compared to a one percent contraction in the corresponding year-ago period. Even the Reserve Bank of India expects the economy to grow by over 5% in FY15 on improvement in manufacturing, pick-up in investments, better external demand and stabilizing global commodity markets. Also softening crude prices are expected to minimize current account deficit translating into better government finances for development plans.
Astrologically , On September 5, 2014, after leaving its inimical sign Venus, Mars will transit into its own sign Scorpio, under Chitra Nakshatra (constellation). Transit of Mars in Scorpio will prove fortunate for every individual is not sure; however, this transit is full of passion, excitement, thrill, and courage. All this will happen because all these qualities are found in Mars. During transit, Mars gives auspicious results when is present in third, sixth, and eleventh house from Moon. The results are not that favorable in other houses.
Coming to the commodity markets bullions will remain in a range , whereas base metals and crude are likely to trade positive with a buy on dip strategy
Wednesday's wealth creators
Buy Gold and silver hit stoploss
Sell Copper gave 3 rs , zinc gave 2 rs , crude gave 27 rs
Buy Nifty gave 38 points , bank nifty gave 98 points
Advance nifty gives 479 points , bank nifty 770 points in 16 days
Cash - Buy Torrent power rose 15 rs , Buy Beml hit upper circuit
Fo - Sell Lic hit sl , Buy Bpcl rose 15 rs
Fii and Jackpot - Buy Tv today rose 33 rs , Ithl rose 45 rs
Option Drum - Buy Icici 1500 ca rose 15 rs , Jp associates 50 pa rose 1.50 rs
Double Bumper - Buy Hcl tech 1600 ca doubled , Dlf 180 pa doubled
As said and expected the markets continued its journey upwards and traded positive for the day.
Now we head towards the f/o expiry for the august series which have been positive and profitable throughout.
We can witness a volatile day but it will provide good trading oppurtunities.
Technically, Since the beginning of 2014, the stock markets have been on an uptrend. The rally received a leg-up by the election of a strong, reform-led government at the Centre. Foreign Institutional Investors (FIIs) have played a pivotal role in driving up markets with investments close to US$ 12.6 bn made so far. But one cannot deny concerns of pull-back in global liquidity hitting domestic equity markets.
However, the redeeming factor is that domestic institutional investors have turned net buyers in the stock markets on improving economic fundamentals. Industrial output grew by 3.9% during the period April-June 2014 as compared to a one percent contraction in the corresponding year-ago period. Even the Reserve Bank of India expects the economy to grow by over 5% in FY15 on improvement in manufacturing, pick-up in investments, better external demand and stabilizing global commodity markets. Also softening crude prices are expected to minimize current account deficit translating into better government finances for development plans.
Astrologically , On September 5, 2014, after leaving its inimical sign Venus, Mars will transit into its own sign Scorpio, under Chitra Nakshatra (constellation). Transit of Mars in Scorpio will prove fortunate for every individual is not sure; however, this transit is full of passion, excitement, thrill, and courage. All this will happen because all these qualities are found in Mars. During transit, Mars gives auspicious results when is present in third, sixth, and eleventh house from Moon. The results are not that favorable in other houses.
Coming to the commodity markets bullions will remain in a range , whereas base metals and crude are likely to trade positive with a buy on dip strategy
Wednesday's wealth creators
Buy Gold and silver hit stoploss
Sell Copper gave 3 rs , zinc gave 2 rs , crude gave 27 rs
Buy Nifty gave 38 points , bank nifty gave 98 points
Advance nifty gives 479 points , bank nifty 770 points in 16 days
Cash - Buy Torrent power rose 15 rs , Buy Beml hit upper circuit
Fo - Sell Lic hit sl , Buy Bpcl rose 15 rs
Fii and Jackpot - Buy Tv today rose 33 rs , Ithl rose 45 rs
Option Drum - Buy Icici 1500 ca rose 15 rs , Jp associates 50 pa rose 1.50 rs
Double Bumper - Buy Hcl tech 1600 ca doubled , Dlf 180 pa doubled
