morning thoughts...
On the lunar eclipse markets behaved extremely volatile and closed on the supports.
Technically the markets are now on a spring levels and if it has to bounce it must from these levels.
For the last few years, India has been facing the growth versus inflation dilemma. The monetary tool that the RBI uses to stabilize the economy is the interest rate. Low interest rates tend to boost borrowings and hence economic growth. But this can also further exacerbate the inflation problem and hit savers very hard. If you rewind back to the time when P Chidambaram was the Finance Minister, it seemed like the finance ministry was at loggerheads with the RBI on the interest rate front. The government clearly wanted interest rates to be lowered so that economic growth could be revived. But the RBI was determined to keep inflation control as its primary focus.
Now it seems we are in for a new monetary framework where the government will play a key role in monetary policy management. Under the new framework, the government will set the retail inflation target. Meeting that target would be the RBI's job. A monetary policy committee would decide the interest rate to ensure that inflation remains within the targeted levels.
Coming to the commodity markets bullions looks positive and is a buy for the coming sessions.
Base metals and energy also looks positive for upsides in coming sessions.
Yesterday's calls sent
Nifty - buy at cmp 7915 sl 7878 targets 8025 - holding
Bank nifty - buy at cmp 15470 sl 15250 targets 15850 - holding
Double Bumper Maruti 3000 ca - buy at cmp 59 sl 50 targets 95 - holding
Btst Escorts - buy at cmp 152 sl 150 targets 160 - holding
Double Bumper Zee 320 ca - buy at cmp 7 sl 5 targets 15 - holding
Fii Bhel - buy at cmp 198 sl 192 targets 225 - holding
Jackpot Yesbank - buy at cmp 549 sl 540 targets 580 - holding
Gold - buy at cmp 26837 sl 26790 targets 27000 - holding
Silver - buy at cmp 32300 sl 32150 targets 32850 - holding
Copper - buy at cmp 412.50 sl 411 targets 415 - holding
On the lunar eclipse markets behaved extremely volatile and closed on the supports.
Technically the markets are now on a spring levels and if it has to bounce it must from these levels.
For the last few years, India has been facing the growth versus inflation dilemma. The monetary tool that the RBI uses to stabilize the economy is the interest rate. Low interest rates tend to boost borrowings and hence economic growth. But this can also further exacerbate the inflation problem and hit savers very hard. If you rewind back to the time when P Chidambaram was the Finance Minister, it seemed like the finance ministry was at loggerheads with the RBI on the interest rate front. The government clearly wanted interest rates to be lowered so that economic growth could be revived. But the RBI was determined to keep inflation control as its primary focus.
Now it seems we are in for a new monetary framework where the government will play a key role in monetary policy management. Under the new framework, the government will set the retail inflation target. Meeting that target would be the RBI's job. A monetary policy committee would decide the interest rate to ensure that inflation remains within the targeted levels.
Coming to the commodity markets bullions looks positive and is a buy for the coming sessions.
Base metals and energy also looks positive for upsides in coming sessions.
Yesterday's calls sent
Nifty - buy at cmp 7915 sl 7878 targets 8025 - holding
Bank nifty - buy at cmp 15470 sl 15250 targets 15850 - holding
Double Bumper Maruti 3000 ca - buy at cmp 59 sl 50 targets 95 - holding
Btst Escorts - buy at cmp 152 sl 150 targets 160 - holding
Double Bumper Zee 320 ca - buy at cmp 7 sl 5 targets 15 - holding
Fii Bhel - buy at cmp 198 sl 192 targets 225 - holding
Jackpot Yesbank - buy at cmp 549 sl 540 targets 580 - holding
Gold - buy at cmp 26837 sl 26790 targets 27000 - holding
Silver - buy at cmp 32300 sl 32150 targets 32850 - holding
Copper - buy at cmp 412.50 sl 411 targets 415 - holding
