morning thoughts...
The markets traded exactly in the same manner as intimated and likely to continue to its volatility in coming sessions.
2014 began on a poor note for the Indian economy at least as far as industrial production goes. Infact, the data for the first three months of the calendar year showed that production actually contracted. The months of November and December 2014, however, present a stark contrast to this. Growth has actually rebounded. So should we expect this trend to continue in the coming months as well? One of the key reasons why industrial growth has been so sluggish over the past many months is the considerable apathy shown by the erstwhile UPA government towards development. As a result of which key projects got stalled and growth began to just taper down. Expectations are high of the Modi government giving the much needed boost. If that indeed turns out to be the case, there is no reason why industrial production should not continue to grow in the quarters ahead.
Coming to the commodity markets basemetals and bullions are positive while energy is likely to trade weak in the coming sessions.
www.astroeyes.blogspot.in
Yesterday's calls sent
Convert 10k into 35k Itc 360 ca - buy at cmp 12 sl 9 targets 25 - booked at 23.75
Double bumper Yes bank 740 ca- booked profits at 35 - long from 16
Fii Strides arcolabs - booked profits at 975 - long from 830
Jackpot Sun tv - buy at cmp 357 sl 350 targets 380 - booked at 372.60
Hexaware - buy at cmp 224 sl 222 targets 229 - went 230.50
Icici bank - buy at cmp 362 sl 360 targets 370 - hit sl
Nifty - booked profits at 8603 - long from 8535
Bank nifty - booked profits at 18790 - long from 18530
Rcom - buy at cmp 101.50 sl 100.50 targets 104 - hit sl
Copper - buy at cmp 401.20 sl 400 targets 404 - booked at 403
Natural Gas- sell at cmp 237 sl 238 targets 232 - booked at 233.70
Upl - sell at cmp 343 sl 346 targets 335 - hit sl
Double bumper Idea 160 pa - buy at cmp 2.70 sl 2 targets 5.50 - booked at 4.90
Indus ind bank - buy at cmp 765 sl 760 targets 780 - went 783
Lic- buy at cmp 438 sl 436 targets 450 - hit sl
The markets traded exactly in the same manner as intimated and likely to continue to its volatility in coming sessions.
2014 began on a poor note for the Indian economy at least as far as industrial production goes. Infact, the data for the first three months of the calendar year showed that production actually contracted. The months of November and December 2014, however, present a stark contrast to this. Growth has actually rebounded. So should we expect this trend to continue in the coming months as well? One of the key reasons why industrial growth has been so sluggish over the past many months is the considerable apathy shown by the erstwhile UPA government towards development. As a result of which key projects got stalled and growth began to just taper down. Expectations are high of the Modi government giving the much needed boost. If that indeed turns out to be the case, there is no reason why industrial production should not continue to grow in the quarters ahead.
Coming to the commodity markets basemetals and bullions are positive while energy is likely to trade weak in the coming sessions.
www.astroeyes.blogspot.in
Yesterday's calls sent
Convert 10k into 35k Itc 360 ca - buy at cmp 12 sl 9 targets 25 - booked at 23.75
Double bumper Yes bank 740 ca- booked profits at 35 - long from 16
Fii Strides arcolabs - booked profits at 975 - long from 830
Jackpot Sun tv - buy at cmp 357 sl 350 targets 380 - booked at 372.60
Hexaware - buy at cmp 224 sl 222 targets 229 - went 230.50
Icici bank - buy at cmp 362 sl 360 targets 370 - hit sl
Nifty - booked profits at 8603 - long from 8535
Bank nifty - booked profits at 18790 - long from 18530
Rcom - buy at cmp 101.50 sl 100.50 targets 104 - hit sl
Copper - buy at cmp 401.20 sl 400 targets 404 - booked at 403
Natural Gas- sell at cmp 237 sl 238 targets 232 - booked at 233.70
Upl - sell at cmp 343 sl 346 targets 335 - hit sl
Double bumper Idea 160 pa - buy at cmp 2.70 sl 2 targets 5.50 - booked at 4.90
Indus ind bank - buy at cmp 765 sl 760 targets 780 - went 783
Lic- buy at cmp 438 sl 436 targets 450 - hit sl
