morning thoughts...
The markets gained yet again and as said and expected the markets continued its journey upwards.
Technically the markets still looks up with intermediate volatility.
2014 has been such a great year for stocks that it is hard to imagine it go down in history books as the worst in any respect.
However, there's one particular area where it is threatening to do so. We are referring to the initial public offerings (IPOs) the year 2014 looks set to go down as the worst for IPOs. What has given this impression is a very small list of companies whose offer documents are sitting with SEBI for IPO approval. All is not lost though. There are still few months to go before the year ends. And if the secondary market sentiments are anything to go by, there could well be a flurry of applications before the year actually draws to a close. The overwhelming response received by couple of recent issues would definitely be playing on the minds of promoters looking to make their companies public. As a result, the year might still end on a decent note. Having said that, it will help if investors do not get carried away too much by this numbers game. And instead focus on quality and the underlying valuations and not on quantity alone.
Coming to the commodity markets bullions , energy remains weak with a buy on dips strategy for base metals.
Yesterday's calls sent
Gold Mcx- booked profits at 26950 - long from
Silver Mcx - booked profits at 39600 - short from 41750
Copper Mcx - booked profits at 416 - short from 421
Crude Mcx - booked profits at 5580 - short from 5725
Nifty - buy at cmp 8075 sl 8057 targets 8150 - went 8176
Bank Nifty - buy at cmp 16025 sl 15950 targets 16200 - went 16288.80
Double Bumper Petronet 200 ca - buy at cmp 3 sl 2 targets 6 - went 8
Jackpot Tata motors 520 ca - booked profits at 15 - long from 6
Excel inds - buy at cmp 319 sl 315 targets 340 - went 343
Delta corp - buy at cmp 97 sl 95 targets 105 - went 103
Hexaware - buy at cmp 195 sl 193 targets 200 - went 201.50
Fii Pc chandra - buy at cmp 225 sl 220 targets 260 - hit upper circuit
The markets gained yet again and as said and expected the markets continued its journey upwards.
Technically the markets still looks up with intermediate volatility.
2014 has been such a great year for stocks that it is hard to imagine it go down in history books as the worst in any respect.
However, there's one particular area where it is threatening to do so. We are referring to the initial public offerings (IPOs) the year 2014 looks set to go down as the worst for IPOs. What has given this impression is a very small list of companies whose offer documents are sitting with SEBI for IPO approval. All is not lost though. There are still few months to go before the year ends. And if the secondary market sentiments are anything to go by, there could well be a flurry of applications before the year actually draws to a close. The overwhelming response received by couple of recent issues would definitely be playing on the minds of promoters looking to make their companies public. As a result, the year might still end on a decent note. Having said that, it will help if investors do not get carried away too much by this numbers game. And instead focus on quality and the underlying valuations and not on quantity alone.
Coming to the commodity markets bullions , energy remains weak with a buy on dips strategy for base metals.
Yesterday's calls sent
Gold Mcx- booked profits at 26950 - long from
Silver Mcx - booked profits at 39600 - short from 41750
Copper Mcx - booked profits at 416 - short from 421
Crude Mcx - booked profits at 5580 - short from 5725
Nifty - buy at cmp 8075 sl 8057 targets 8150 - went 8176
Bank Nifty - buy at cmp 16025 sl 15950 targets 16200 - went 16288.80
Double Bumper Petronet 200 ca - buy at cmp 3 sl 2 targets 6 - went 8
Jackpot Tata motors 520 ca - booked profits at 15 - long from 6
Excel inds - buy at cmp 319 sl 315 targets 340 - went 343
Delta corp - buy at cmp 97 sl 95 targets 105 - went 103
Hexaware - buy at cmp 195 sl 193 targets 200 - went 201.50
Fii Pc chandra - buy at cmp 225 sl 220 targets 260 - hit upper circuit
