Today
Hello everyone, Monsoons are not as expected. Markets are riding high on the Modi wave and high expectations. Poor Monsoons might effect Markets, and tone down the BullRun a bit. But, the long term trends continue to be good with the world recovering and political stability and good factory results in India. Now, let us come for today. Markets fell on profit taking ahead of F&O expiry tomorrow ie Thursday. The Markets will move according to the expiry of contracts tomorrow.
According to Sanju Verma of Violet Arc Global Managers the Nifty will rally to 8000 post budget. But, fears also persist on Iraq trouble. Iraq being the second largest oil producer in the world might squeeze supplies. India, being a huge importer of oil might be effected by the Current Account Deficit increasing. So, Markets are balancing themselves between two conditions of good and bad.
Auto Stocks, gained after Finance Minister said lower Excise duty will be levied for Auto and Capital goods.I think one should trade by looking at the performance of individual stocks. Good time for trading as Markets are moving in both up and down direction. HAPPY TRADING AND INVESTING.
Today
Markets were down today with Iraq violence escalating with the refinery attacked by militants. Even though there was violence Brent crude was static and there is a Federal Reserve meeting tonight. Hindalco went up along with Cipla and Maruti. Care has to be taken while investing because of the Budget coming up, which is not expected to be good. Invest in Stocks with a thorough study. Happy Investing and Trading.
Today
Markets were down today, due to a reaction of the gains it had. Metal stocks were down. A lot of expectations from the New Prime Minister is there. So, markets are looking up. Corrections will be happening, it is better to stick to good stocks than getting to unknown B group shares, a lot of care has to be taken before buying.Keep on booking profits and buy back at lower levels. Happy Trading and Investing.
TODAY
The Index in both the Bombay and National Stock Exchanges, went down today. It might be a reaction to the rise before. The Asian Markets were low, due to the ECB meet on Thursday. The European Central Bank rates are important for the European Markets. The Bank shares have been high due to the reducing of the Statutory liquidity ratio by the RBI which has led to more money in the Banks which can lend more for businesses thereby,increasing business. Insurance Companies like RelianceCapital and Max India rallied 5% to 9% on hopes of increase in Foreign Direct Investment. Markets are good with reactions both for exit and entry, HAPPY TRADING AND INVESTING.