morning thoughts...
The markets traded rangebound , but found supports at lower levels and remained jittery throughout the day.
Technically the markets are in consolidation mode and will trade in a volatile range giving oppurtunity to both long and short traders.
As the developed world is struggling to recover from recession, the emerging markets have increasingly become attractive investment options for investors. Large part of the optimism is because of the strong growth rates of these economies. Even if these have slowed down in recent years, the growth is nevertheless higher than what the rich economies are reporting.
But while the prospect of higher returns is mouth watering, investors cannot ignore the fact that emerging markets also have a higher degree of risk attached to them. These could be in the form of an uncertain political climate, corruption, bureaucracy, red tape etc. The other bigger risk that these countries face is poor disclosure standards and obtuse corporate governance practices.
It can be said that emerging countries themselves have improved considerably when it comes to disclosure norms than was the case in the 1990s. Indeed, a lot of this initiative has been driven by the need to attract foreign investment to take growth to the next level.
But not all countries are there yet. China, for all the stupendous growth it has reported in the last decade, is notorious for its poor disclosure practices. Especially with respect to its public sector undertakings.
Astrologically mercury shifts to libra with change of uranus in 6th house.
Coming to the commodity markets bullions , base metals and energy looks positive in the coming session.
Yesterday's calls sent
Gold Mcx - booked profits at 27200 - long from 26890
Silver Mcx - booked profits at 37770 - long from 37285
Copper Mcx - booked profits at 418 - long from 412
Jackpot Dlf 140 pa - booked profits at 30 - long from 5
Double Bumper Lic 320 ca - buy at cmp 14 sl 11 targets 25 - went 23.85
Pfc - buy at cmp 244 sl 243 targets 255 - went 252.70
Upl - buy at cmp 345 sl 342 targets 355 - went 356.40
Tata steel - buy at cmp 452 sl 449 targets 465 - hit stoploss
Rajesh export - buy at cmp 125 sl 123 targets 130 - hit sl
Nifty - buy at cmp 7862 sl 7845 targets 7935 - went 7952
Bank Nifty - buy at cmp 15600 sl 15535 targets 15800 - went 15819
The markets traded rangebound , but found supports at lower levels and remained jittery throughout the day.
Technically the markets are in consolidation mode and will trade in a volatile range giving oppurtunity to both long and short traders.
As the developed world is struggling to recover from recession, the emerging markets have increasingly become attractive investment options for investors. Large part of the optimism is because of the strong growth rates of these economies. Even if these have slowed down in recent years, the growth is nevertheless higher than what the rich economies are reporting.
But while the prospect of higher returns is mouth watering, investors cannot ignore the fact that emerging markets also have a higher degree of risk attached to them. These could be in the form of an uncertain political climate, corruption, bureaucracy, red tape etc. The other bigger risk that these countries face is poor disclosure standards and obtuse corporate governance practices.
It can be said that emerging countries themselves have improved considerably when it comes to disclosure norms than was the case in the 1990s. Indeed, a lot of this initiative has been driven by the need to attract foreign investment to take growth to the next level.
But not all countries are there yet. China, for all the stupendous growth it has reported in the last decade, is notorious for its poor disclosure practices. Especially with respect to its public sector undertakings.
Astrologically mercury shifts to libra with change of uranus in 6th house.
Coming to the commodity markets bullions , base metals and energy looks positive in the coming session.
Yesterday's calls sent
Gold Mcx - booked profits at 27200 - long from 26890
Silver Mcx - booked profits at 37770 - long from 37285
Copper Mcx - booked profits at 418 - long from 412
Jackpot Dlf 140 pa - booked profits at 30 - long from 5
Double Bumper Lic 320 ca - buy at cmp 14 sl 11 targets 25 - went 23.85
Pfc - buy at cmp 244 sl 243 targets 255 - went 252.70
Upl - buy at cmp 345 sl 342 targets 355 - went 356.40
Tata steel - buy at cmp 452 sl 449 targets 465 - hit stoploss
Rajesh export - buy at cmp 125 sl 123 targets 130 - hit sl
Nifty - buy at cmp 7862 sl 7845 targets 7935 - went 7952
Bank Nifty - buy at cmp 15600 sl 15535 targets 15800 - went 15819
