morning thoughts...

The markets traded volatile and jittery on the ist day of the trading week , now we move into an important day of monetary policy.

Technically the markets are support bounce levels and if it has to bounce it must bounce from this levels.

Already on an overdrive, with positive cues about the economy pouring in, Indian markets are looking for excuses to move higher. And the anticipation is that the RBI will offer one such 'excuse' on September 30th. Well, the Indian central bank is hardly known to throw up surprises during Monetary Policy actions. In fact Governor Dr. Raghuram Rajan has been amply transparent in his policy stance so far. And going by the central bank's conservative track record, we do not expect any surprises this time as well. Least of all, to stoke the market's appetite! Falling crude oil prices and better rainfall in recent weeks may have tempered inflation risks in India. But they certainly do not guarantee sustainable low food inflation in the coming months. 
However , The RBI is yet to see any concrete measure to keep price rises low on a sustainable basis. Hence, as far as lowering interest rates go, such measures will follow the government's actions to break the backbone of inflation. We do not think investors should invest on the basis of speculations about rate cuts ever! More so now when such speculations can prove to be dangerous in terms of valuations. 

Tuesday's wealth creators

Buy nifty and bank nifty 

Buy gold , silver , crude , copper , natural gas

Jackpot option - yesterday we initiated a call on hexaware 200 ca , its a buy again ,buy zee 300 ca

Fo - buy ranbaxy , sun pharma

Cash - buy dhfl , iifl

Double bumper - buy lic 320 ca , maruti 3000 ca