morning thoughts...
The markets ended on a flat consolidated note after a good rally and closed close to 8500 levels on the nifty front which can be considered as minor resistance for the markets.
Technically the markets are likely to trade side ways with two sided move with volatility.
On the lower side 8375 remains as good supports for the markets whereas 8600 will act as stiff resistance zones for the markets.
The Great Depression of the 1930s was considered to be the worst financial crisis till the 2008 global financial crisis came along. A gap of around 75 years between the two. Now, it has been six years since the 2008 crisis but the way things are going, we doubt there is going to be a wide gap before the next crisis erupts. Indeed, the next debacle could very well be around the corner.
A lot of this has to do with the cheap money policies of the central banks of the US, Europe and Japan, which have completely distorted global financial markets and pricing of assets. Greece continues to plunge deeper and deeper into a crisis. Oil prices have hit 6-year lows. The US dollar has strengthened even when the economy is weak.
The US is also in a tricky situation. Asset prices have been soaring. But inflation has been falling. So whether the US Fed will raise interest rates continues to remain debatable. The Fed chief Janet Yellen's unwillingness to do so now only heightens the uncertainty. Meanwhile, government debt around the world has risen to unsustainable levels as most of them tackle the problem of debt with more debt. All of this only means that the possibility of an even bigger crisis going ahead cannot be entirely ruled out.
Astrologically two major transits awaits in the 2nd week of april, coming to the commodity markets bullions , base metals and energy will trade side ways with negative vibes.
www.astroeyes.blogspot.in
Yesterday's calls sent
Double Bumper Bpcl 780 ca - buy at cmp 30 sl 23 targets 50 - booked at 49.30
Nifty - sell at cmp 8593 sl 8621 targets 8535 - went 8498
Double Bumper Telco 560 ca - buy at cmp 10 sl 8 targets 18 - booked at 16.50
Jackpot Biocon - buy at cmp 442 sl 430 targets 480 - booked at 474
Pnb - sell at cmp 148 sl 149.35 targets 145 - went 143
Upl - buy at cmp 442 sl 439 tar 452 - went 458
Dlf - buy at cmp 159 sl 157.50 targets 165 - hit sl
Hdil - sell at cmp 102 sl 103 targets 97 - hit sl
The markets ended on a flat consolidated note after a good rally and closed close to 8500 levels on the nifty front which can be considered as minor resistance for the markets.
Technically the markets are likely to trade side ways with two sided move with volatility.
On the lower side 8375 remains as good supports for the markets whereas 8600 will act as stiff resistance zones for the markets.
The Great Depression of the 1930s was considered to be the worst financial crisis till the 2008 global financial crisis came along. A gap of around 75 years between the two. Now, it has been six years since the 2008 crisis but the way things are going, we doubt there is going to be a wide gap before the next crisis erupts. Indeed, the next debacle could very well be around the corner.
A lot of this has to do with the cheap money policies of the central banks of the US, Europe and Japan, which have completely distorted global financial markets and pricing of assets. Greece continues to plunge deeper and deeper into a crisis. Oil prices have hit 6-year lows. The US dollar has strengthened even when the economy is weak.
The US is also in a tricky situation. Asset prices have been soaring. But inflation has been falling. So whether the US Fed will raise interest rates continues to remain debatable. The Fed chief Janet Yellen's unwillingness to do so now only heightens the uncertainty. Meanwhile, government debt around the world has risen to unsustainable levels as most of them tackle the problem of debt with more debt. All of this only means that the possibility of an even bigger crisis going ahead cannot be entirely ruled out.
Astrologically two major transits awaits in the 2nd week of april, coming to the commodity markets bullions , base metals and energy will trade side ways with negative vibes.
www.astroeyes.blogspot.in
Yesterday's calls sent
Double Bumper Bpcl 780 ca - buy at cmp 30 sl 23 targets 50 - booked at 49.30
Nifty - sell at cmp 8593 sl 8621 targets 8535 - went 8498
Double Bumper Telco 560 ca - buy at cmp 10 sl 8 targets 18 - booked at 16.50
Jackpot Biocon - buy at cmp 442 sl 430 targets 480 - booked at 474
Pnb - sell at cmp 148 sl 149.35 targets 145 - went 143
Upl - buy at cmp 442 sl 439 tar 452 - went 458
Dlf - buy at cmp 159 sl 157.50 targets 165 - hit sl
Hdil - sell at cmp 102 sl 103 targets 97 - hit sl
