morning thoughts...
The markets moved up as expected and achieved our logical targets of 8850 on nifty front and remained volatile throughout the day with outperformance in individual stocks.
Technically the markets will still follow the consolidated upmove with volatility.
On the lower side 8650 remains as good supports for the markets whereas 8900 will act as resistance zones for the markets.
However , the hope that the earnings performance of India Inc will give investors some good reason to invest more seems to be dwindling by the day. On one hand the frustration over the government's status quo on most reform measures is increasing. Secondly, companies themselves are doing little to plan capacity expansions and growth. The infrastructure story has hardly gathered any momentum despite the tall promises. And the reincarnated Niti Aayog (erstwhile Planning Commission) has hardly proven itself to be more than a shadow of its former self. Interestingly, however, the opinion on India's future amongst the top rating agencies is quite divided. Standard and Poor's (S&P), which had hreatened to downgrade India to junk status, is in a wait and watch mode. The agency is of the view that its rating for India is unlikely to change over the next three to five years.
However, Moody's has already gone ahead and revised India's rating upwards. The basis of the revision in rating is purely the probability of policy makers moving at a faster pace. And while the companies in India continue to complain about lack of change in business environment, the rating agency thinks otherwise. Well according to us, the views of rating agencies have hardly ever reflected the true economic realities. Be it of India or the US! And hence there is very little reason for investors to get influenced by these.
Coming to the commodity markets after a continous volatile and weak sessions a bounce in bullions , base metals and energy is not ruled out.
www.astroeyes.blogspot.in
On huge demand - Convert 20k into 1 lac via options
Create 500 points in nifty and 1000 points in bank nifty in 20 days
Limited edition
Monday's calls sent
Nifty - buy at cmp 8805 sl 8787 tar 8855 - went 8872
Double Bumper Jspl 160 ca - buy at cmp 7.10 sl 5.95 tar 12.50 - went 13.25
Titan 400 ca - buy at cmp 16 sl 14 tar 21 - went 21.85
Double Bumper Bharti 400 ca - buy at cmp 20 sl 17 targets 30 - went 30.70
Jackpot Hdil 140 ca - buy at cmp 5.35 sl 4 targets 8.50 - went 9
Coal india - buy at cmp 386 sl 384 tar 392 - went 396
Jackpot Karnataka bank - buy at cmp 129 sl 127 targets 140 - booked at 137
The markets moved up as expected and achieved our logical targets of 8850 on nifty front and remained volatile throughout the day with outperformance in individual stocks.
Technically the markets will still follow the consolidated upmove with volatility.
On the lower side 8650 remains as good supports for the markets whereas 8900 will act as resistance zones for the markets.
However , the hope that the earnings performance of India Inc will give investors some good reason to invest more seems to be dwindling by the day. On one hand the frustration over the government's status quo on most reform measures is increasing. Secondly, companies themselves are doing little to plan capacity expansions and growth. The infrastructure story has hardly gathered any momentum despite the tall promises. And the reincarnated Niti Aayog (erstwhile Planning Commission) has hardly proven itself to be more than a shadow of its former self. Interestingly, however, the opinion on India's future amongst the top rating agencies is quite divided. Standard and Poor's (S&P), which had hreatened to downgrade India to junk status, is in a wait and watch mode. The agency is of the view that its rating for India is unlikely to change over the next three to five years.
However, Moody's has already gone ahead and revised India's rating upwards. The basis of the revision in rating is purely the probability of policy makers moving at a faster pace. And while the companies in India continue to complain about lack of change in business environment, the rating agency thinks otherwise. Well according to us, the views of rating agencies have hardly ever reflected the true economic realities. Be it of India or the US! And hence there is very little reason for investors to get influenced by these.
Coming to the commodity markets after a continous volatile and weak sessions a bounce in bullions , base metals and energy is not ruled out.
www.astroeyes.blogspot.in
On huge demand - Convert 20k into 1 lac via options
Create 500 points in nifty and 1000 points in bank nifty in 20 days
Limited edition
Monday's calls sent
Nifty - buy at cmp 8805 sl 8787 tar 8855 - went 8872
Double Bumper Jspl 160 ca - buy at cmp 7.10 sl 5.95 tar 12.50 - went 13.25
Titan 400 ca - buy at cmp 16 sl 14 tar 21 - went 21.85
Double Bumper Bharti 400 ca - buy at cmp 20 sl 17 targets 30 - went 30.70
Jackpot Hdil 140 ca - buy at cmp 5.35 sl 4 targets 8.50 - went 9
Coal india - buy at cmp 386 sl 384 tar 392 - went 396
Jackpot Karnataka bank - buy at cmp 129 sl 127 targets 140 - booked at 137
