morning thoughts..
As said and expected the markets remained in a tight range without any movemet in the stocks, the same pattern is likely to continue in the coming sessions.
Since the Union Budget in February will be the first test of the government's commitment on reforms, we believe that at least some if not all the necessary policy decisions will see the light of the day. Key amongst these being the long pending Goods and Services Tax and Foreign Direct Investment (FDI) in key sectors.Given that the government is already feeling the heat of ballooning fiscal deficit, we will not be surprised to see Union Budget 2015 break away from the populist stance of the UPA regime when it came to taxation. Also allowing foreign investment in key infrastructure sectors will be necessary if the government wants to make any headway in economic growth without straining its budget.
An ordinance on opening up the mining sector to private sector players has already raised hopes of the power and mining sectors getting much needed policy push in 2015. All that we hope for is a transparent and economically viable method of allocation of precious natural resources. Focus on improving the efficiency levels of key PSU mining and power sector players will also act as tailwinds to India's growth story.
Coming to the commodity markets bullions , energy and base metals continue to remain weak , however a bounce from the lower levels is expected.
www.astroeyes.blogspot.in
Yesterday's calls sent
Jackpot Muthoot finance - buy at cmp 192 sl 185 tar 220 - booked at 216
Fii Jet airways - buy at cmp 388 sl 380 targets 430 - booked at 419
Double bumper Idea 150 ca - booked profits at 7.50 - long from 3
Convert 10k into 30k Jspl 150 ca - buy at cmp 5.25 sl 3 booked at 9.50
Nifty - buy at cmp 8311 sl 8295 targets 8350 - booked at 8342
Bank nifty - buy at cmp 18810 sl 18765 targets 18925 - booked at 18900
As said and expected the markets remained in a tight range without any movemet in the stocks, the same pattern is likely to continue in the coming sessions.
Since the Union Budget in February will be the first test of the government's commitment on reforms, we believe that at least some if not all the necessary policy decisions will see the light of the day. Key amongst these being the long pending Goods and Services Tax and Foreign Direct Investment (FDI) in key sectors.Given that the government is already feeling the heat of ballooning fiscal deficit, we will not be surprised to see Union Budget 2015 break away from the populist stance of the UPA regime when it came to taxation. Also allowing foreign investment in key infrastructure sectors will be necessary if the government wants to make any headway in economic growth without straining its budget.
An ordinance on opening up the mining sector to private sector players has already raised hopes of the power and mining sectors getting much needed policy push in 2015. All that we hope for is a transparent and economically viable method of allocation of precious natural resources. Focus on improving the efficiency levels of key PSU mining and power sector players will also act as tailwinds to India's growth story.
Coming to the commodity markets bullions , energy and base metals continue to remain weak , however a bounce from the lower levels is expected.
www.astroeyes.blogspot.in
Yesterday's calls sent
Jackpot Muthoot finance - buy at cmp 192 sl 185 tar 220 - booked at 216
Fii Jet airways - buy at cmp 388 sl 380 targets 430 - booked at 419
Double bumper Idea 150 ca - booked profits at 7.50 - long from 3
Convert 10k into 30k Jspl 150 ca - buy at cmp 5.25 sl 3 booked at 9.50
Nifty - buy at cmp 8311 sl 8295 targets 8350 - booked at 8342
Bank nifty - buy at cmp 18810 sl 18765 targets 18925 - booked at 18900
