morning thoughts...
The change of mars in scorpio is all set to bring loads of deception and confusion for the markets with f/o expiry in the week.
Technically the markets are in consolidation zone and tends to remain volatile.
Global CEOs seem to have a love hate relationship with India. For many, doing business in India is a difficult proposition on account of various bureaucratic delays, regulatory hurdles and retrospective laws. Little wonder then that India has been ranked 134 in the ease of doing business rankings among 189 countries. What more, comparisons are continuously being made to China whose infrastructure has grown by leaps and bounds while India's continues to creak.
And yet, despite these issues, most acknowledge that there exists tremendous growth potential in the country. And while top honchos have been lamenting about the problems of investing in India, they are not completely abandoning their plans either. Indeed, India continues to remain an attractive destination for many global corporations and multinationals.
The last three years particularly frustrated both Indian CEOs and MNCs alike primarily on account of lack of initiative by the erstwhile UPA government in moving things along. But the new Modi government promises to be different. Although early signs yet, it has become increasingly clear that the Modi government intends to make infrastructure growth one of its top priorities. And while this is not something that will happen overnight, we believe that the environment for bringing about this development remains favourable over the next many years than never before.
While regulatory hurdles continue to pose challenges for companies, not all regulatory bodies have been necessarily bad. Indeed, the RBI and SEBI in particular are to be commended for strengthening India's financial system and protecting the interest of shareholders respectively.
India also continues to be a strong destination to ride the consumption theme. Unlike China, the Indian economy is not dependent upon exports to fuel its growth. Large part of the demand remains domestic driven. Thus, India's domestic driven consumption story still has the potential to reap huge dividends even when the developed world has slowed down. In that sense, India will be able to adjust faster than its Chinese counterpart.
All of these are indicators that India is at the cusp of some major changes that will unleash huge growth potential in the coming decade. And this will not only see Indian companies benefit tremendously but will see considerable interest from MNCs as well. Indeed, MNCs are also finding signs of a golden decade presently in India. That is why they will continue to invest in the India story even if the current environment remains challenging.
Yesterday's calls sent
Nifty - sell at cmp 8155 sl 8177 targets 8025 - went 8025.10
Bank Nifty - sell at cmp 16215 sl 16300 targets 15900 - went 15919.05
Nifty 8100 pe - buy at cmp 20 sl 10 targets 50 - went 81.85
Double bumper Cipla 600 pa - buy at cmp 5.50 sl 3 targets 15 - went 20
Jackpot Dlf 160 pa - buy at cmp 1.50 sl 0.75 targets 5 - went 6
The change of mars in scorpio is all set to bring loads of deception and confusion for the markets with f/o expiry in the week.
Technically the markets are in consolidation zone and tends to remain volatile.
Global CEOs seem to have a love hate relationship with India. For many, doing business in India is a difficult proposition on account of various bureaucratic delays, regulatory hurdles and retrospective laws. Little wonder then that India has been ranked 134 in the ease of doing business rankings among 189 countries. What more, comparisons are continuously being made to China whose infrastructure has grown by leaps and bounds while India's continues to creak.
And yet, despite these issues, most acknowledge that there exists tremendous growth potential in the country. And while top honchos have been lamenting about the problems of investing in India, they are not completely abandoning their plans either. Indeed, India continues to remain an attractive destination for many global corporations and multinationals.
The last three years particularly frustrated both Indian CEOs and MNCs alike primarily on account of lack of initiative by the erstwhile UPA government in moving things along. But the new Modi government promises to be different. Although early signs yet, it has become increasingly clear that the Modi government intends to make infrastructure growth one of its top priorities. And while this is not something that will happen overnight, we believe that the environment for bringing about this development remains favourable over the next many years than never before.
While regulatory hurdles continue to pose challenges for companies, not all regulatory bodies have been necessarily bad. Indeed, the RBI and SEBI in particular are to be commended for strengthening India's financial system and protecting the interest of shareholders respectively.
India also continues to be a strong destination to ride the consumption theme. Unlike China, the Indian economy is not dependent upon exports to fuel its growth. Large part of the demand remains domestic driven. Thus, India's domestic driven consumption story still has the potential to reap huge dividends even when the developed world has slowed down. In that sense, India will be able to adjust faster than its Chinese counterpart.
All of these are indicators that India is at the cusp of some major changes that will unleash huge growth potential in the coming decade. And this will not only see Indian companies benefit tremendously but will see considerable interest from MNCs as well. Indeed, MNCs are also finding signs of a golden decade presently in India. That is why they will continue to invest in the India story even if the current environment remains challenging.
Yesterday's calls sent
Nifty - sell at cmp 8155 sl 8177 targets 8025 - went 8025.10
Bank Nifty - sell at cmp 16215 sl 16300 targets 15900 - went 15919.05
Nifty 8100 pe - buy at cmp 20 sl 10 targets 50 - went 81.85
Double bumper Cipla 600 pa - buy at cmp 5.50 sl 3 targets 15 - went 20
Jackpot Dlf 160 pa - buy at cmp 1.50 sl 0.75 targets 5 - went 6
