morning thoughts...
The markets saw a minor profit booking on back of weak foreign and domestic cues.
Technically the markets are under consolidation and would continue same for some more sessions.
However, Foreign Institutional Investors (FII's) were driving the rally in the domestic equity markets so far. But just as foreign flows were waning, large investments by mutual funds have kept the party going. As per SEBI data, investments by mutual funds stood at over Rs 54 bn during the period between 24th July and 13th August 2014. This is nearly twice the total investments made by FIIs over the same period. A chief reason is the jump in the inflows in mutual fund equity schemes. This signals the comeback of the retail investor. After burning fingers in the aftermath of the global financial crisis in 2008, retail investors were away from equity markets in the past five years. Since the start of 2014, equity inflows in domestic funds have touched Rs 260 bn as per Association of Mutual Funds of India (AMFI).
Coming to the commodity markets bullions , base metals and energy looks positive for the coming sessions.
Thursday wealth creators
Double bumper buy idfc 150 ca , ranbaxy 600 pa
Jackpot option - buy sun pharma 800 pa
Buy escorts and beml
Yesterday's calls sent
Gold Mcx - sell at cmp 27250 sl 27300 targets 27150 - booked at 27175
Crude Mcx- sell at cmp 5655 sl 5685 targets 5535 - booked profits at 5578
Nifty - sell at cmp 8149 sl 8160 targets 8100 - booked at 8110
Bank Nifty - buy at cmp 16615 sl 16575 targets 16300- booked at 16250
Double bumper Hero 2600 pa - booked profits at 12 - long from 6
Double bumper Icici 1600 ca - booked profits at 16 long from 5
The markets saw a minor profit booking on back of weak foreign and domestic cues.
Technically the markets are under consolidation and would continue same for some more sessions.
However, Foreign Institutional Investors (FII's) were driving the rally in the domestic equity markets so far. But just as foreign flows were waning, large investments by mutual funds have kept the party going. As per SEBI data, investments by mutual funds stood at over Rs 54 bn during the period between 24th July and 13th August 2014. This is nearly twice the total investments made by FIIs over the same period. A chief reason is the jump in the inflows in mutual fund equity schemes. This signals the comeback of the retail investor. After burning fingers in the aftermath of the global financial crisis in 2008, retail investors were away from equity markets in the past five years. Since the start of 2014, equity inflows in domestic funds have touched Rs 260 bn as per Association of Mutual Funds of India (AMFI).
Coming to the commodity markets bullions , base metals and energy looks positive for the coming sessions.
Thursday wealth creators
Double bumper buy idfc 150 ca , ranbaxy 600 pa
Jackpot option - buy sun pharma 800 pa
Buy escorts and beml
Yesterday's calls sent
Gold Mcx - sell at cmp 27250 sl 27300 targets 27150 - booked at 27175
Crude Mcx- sell at cmp 5655 sl 5685 targets 5535 - booked profits at 5578
Nifty - sell at cmp 8149 sl 8160 targets 8100 - booked at 8110
Bank Nifty - buy at cmp 16615 sl 16575 targets 16300- booked at 16250
Double bumper Hero 2600 pa - booked profits at 12 - long from 6
Double bumper Icici 1600 ca - booked profits at 16 long from 5
