morning thoughts...
Jupiter and venus change house in exalted mode for next 20 days.
Technically markets are in a pendulum mode and will give shivers along with monsoon rain.
Mr. Rajan is of the view that global markets are at a risk of a market crash! And the reason for the same? Investors exiting the market at the same time.
That emerging markets are vulnerable to big shifts in capital flows - which have been brought in by money printing activity by central banks of developed nations - is a view that Mr. Rajan has been holding for a while now.
Over time, the RBI has taken many measures to curb the stress that could arise from occurrence of such an event. These include the attempts of curbing the current account deficit as well as the building up of forex reserves. Also, with the government's focus on keeping the fiscal deficit under control as well as make the various attempts to improve the inflation situation, all these steps would strengthen the overall economy, which is a key measure to curb volatility.
Also, while inflation has been showing signs of cooling down, the RBI continues to keep interest rates unchanged. The rationale behind this is to not go in for inflation fighting attempts at regular intervals, which is why it would be important to focus on strengthening all aspects of the economy.
Not only would all these steps help towards stabilizing the situation back home, but would also attract a good amount of investments from abroad as a stable economy would be an attractive entry point for foreign investors.
On the lower side good cushion exists around 7580 levels whereas stiff resistance is viable around 7675 levels.
In this zone of volatility markets will give huge oppurtunity to accumulate good stocks.
Coming to the commodity markets bullions , base metals and energy looks positive and a buy on dips for the coming sessions.
Friday wealth creators
Buy gold , silver , copper , zinc , crude
Buy Nifty and bank nifty on dips
Fii - buy indotech transformers , kothari products
Buy idea 160 ca , biocon 460 ca
Buy hexaware , beml
Jupiter and venus change house in exalted mode for next 20 days.
Technically markets are in a pendulum mode and will give shivers along with monsoon rain.
Mr. Rajan is of the view that global markets are at a risk of a market crash! And the reason for the same? Investors exiting the market at the same time.
That emerging markets are vulnerable to big shifts in capital flows - which have been brought in by money printing activity by central banks of developed nations - is a view that Mr. Rajan has been holding for a while now.
Over time, the RBI has taken many measures to curb the stress that could arise from occurrence of such an event. These include the attempts of curbing the current account deficit as well as the building up of forex reserves. Also, with the government's focus on keeping the fiscal deficit under control as well as make the various attempts to improve the inflation situation, all these steps would strengthen the overall economy, which is a key measure to curb volatility.
Also, while inflation has been showing signs of cooling down, the RBI continues to keep interest rates unchanged. The rationale behind this is to not go in for inflation fighting attempts at regular intervals, which is why it would be important to focus on strengthening all aspects of the economy.
Not only would all these steps help towards stabilizing the situation back home, but would also attract a good amount of investments from abroad as a stable economy would be an attractive entry point for foreign investors.
On the lower side good cushion exists around 7580 levels whereas stiff resistance is viable around 7675 levels.
In this zone of volatility markets will give huge oppurtunity to accumulate good stocks.
Coming to the commodity markets bullions , base metals and energy looks positive and a buy on dips for the coming sessions.
Friday wealth creators
Buy gold , silver , copper , zinc , crude
Buy Nifty and bank nifty on dips
Fii - buy indotech transformers , kothari products
Buy idea 160 ca , biocon 460 ca
Buy hexaware , beml
