morning thoughts...
The markets stayed jittery and the same pattern is likely to continue in the coming sessions with the markets swinging like a pendulum.
Technically the markets are in consolidation mode and should give loads of oppurtunities to both sort of traders.
On the lower side 8515 remains as good supports whereas 8635 would remain as resistance zones for the markets on nifty front.
We have often highlighted how the issue of crony capitalism lies at the root of a lot that is wrong with Indian economy. Huge corruption in the allocation of financial and natural resources in lieu of corporate favors such as funding at the time of elections has harmed other innocent stakeholders. The worst impact of the same is seen during the downturn in an economy. Now that the Indian economy seems to be recovering, it is time these capitalists will seek funds and favors to ride on the wave. And it is also the time that it is ensured that such reckless capitalists are kept in check.
Needless to say, it was the public banks and minority shareholders that paid the cost. Political pressure to extend loans to such firms has led to the huge risk for the Public sector banks. Also, the fear of business becoming sick and banks loans classified as NPA has led to a vicious cycle of restructuring loans. This has resulted in a huge deterioration in the quality of banks' assets. And in turn has also limited capital for other efficient businesses.
However, with the economy coming out of the woods, some well connected infra companies with highly stressed balance sheets are again approaching Public sector banks for more capital. What is worse is that these are being entertained with Public banks having limited say in such decisions.
Now that the growth in the economy is expected to ride on the infra boom, it is time to fix theissue of crony capitalism. Indian promoters who have failed to honor their commitments in the past should be questioned and denied the right to access cheap capital. Investors too should avoid placing blind bets on infra theme. Instead, they should be discreet, follow bottom up approach and select only the firms with efficient, ethical and responsible managements.
Coming to the commodity markets bullions and base metals are likely to witness a bounce in the coming session whereas energy is a sell on rallies.
www.astroeyes.blogspot.in
Thursday volatilty gains
Buy gold , silver , copper
Sell natural gas , crude
Buy nifty and bank nifty
Convert 10k into 35k buy Itc 360 ca
Double bumper Buy Yes bank 740 ca
Fii Buy Strides arcolabs
Jackpot Buy Sun tv
Buy Bharti 380 pa
Double bumper buy Idea 160 pa
Buy indusind bank
Buy hexaware
The markets stayed jittery and the same pattern is likely to continue in the coming sessions with the markets swinging like a pendulum.
Technically the markets are in consolidation mode and should give loads of oppurtunities to both sort of traders.
On the lower side 8515 remains as good supports whereas 8635 would remain as resistance zones for the markets on nifty front.
We have often highlighted how the issue of crony capitalism lies at the root of a lot that is wrong with Indian economy. Huge corruption in the allocation of financial and natural resources in lieu of corporate favors such as funding at the time of elections has harmed other innocent stakeholders. The worst impact of the same is seen during the downturn in an economy. Now that the Indian economy seems to be recovering, it is time these capitalists will seek funds and favors to ride on the wave. And it is also the time that it is ensured that such reckless capitalists are kept in check.
Needless to say, it was the public banks and minority shareholders that paid the cost. Political pressure to extend loans to such firms has led to the huge risk for the Public sector banks. Also, the fear of business becoming sick and banks loans classified as NPA has led to a vicious cycle of restructuring loans. This has resulted in a huge deterioration in the quality of banks' assets. And in turn has also limited capital for other efficient businesses.
However, with the economy coming out of the woods, some well connected infra companies with highly stressed balance sheets are again approaching Public sector banks for more capital. What is worse is that these are being entertained with Public banks having limited say in such decisions.
Now that the growth in the economy is expected to ride on the infra boom, it is time to fix theissue of crony capitalism. Indian promoters who have failed to honor their commitments in the past should be questioned and denied the right to access cheap capital. Investors too should avoid placing blind bets on infra theme. Instead, they should be discreet, follow bottom up approach and select only the firms with efficient, ethical and responsible managements.
Coming to the commodity markets bullions and base metals are likely to witness a bounce in the coming session whereas energy is a sell on rallies.
www.astroeyes.blogspot.in
Thursday volatilty gains
Buy gold , silver , copper
Sell natural gas , crude
Buy nifty and bank nifty
Convert 10k into 35k buy Itc 360 ca
Double bumper Buy Yes bank 740 ca
Fii Buy Strides arcolabs
Jackpot Buy Sun tv
Buy Bharti 380 pa
Double bumper buy Idea 160 pa
Buy indusind bank
Buy hexaware
