Monthly Archives: July 2017

TodayNifty was down by 6 points at 10014 and the sensex was down by 73 points at 32309. The market snapped a 5 day winning streak. the markets are strong due to the Mutual fund buying and no bad news coming from any corner. The quarterly results seem to be mixed and the markets are quite stable. The negative factor is the China factor, though not much of a concern as the Chinese are concerned about their trade imbalance. GST seems to be accepted by all, it needs some time to set  right, as merchants and producers have to get used to it. Feel good factor is there in the market so it is reaching good levels.

The markets were up today, the Nifty was action packed swinging between 9975 points to 9915.25 closing at 9915 up by 41 points, the sensex was up by 124 points at 32028. The market feels that, it is better to be careful if nifty reaches 10000 points as it seems to be over valued.This sort of fluctuation is normal in consolidation phase. It has been an action packed week for the markets, with the 1st quarterly results coming through, which seem to be mixed. Today was the AGM of Reliance Industries, which announced a bonus issue of 1:1, around 2lakh crore investors wealth has been added since JIO was launched. Balaji Tele films soared 8% after Reliance picks up 25% stake for 413 crores. The 1st quarter results have to be closely watched to trade in the markets. Better be careful with mid cap stocks in these conditions.Happy Trading and Investing.

Markets were marginally down today Nifty by 5 points at 9886 and sensex by 6 points at 32020. This week ie yesterday being Thursday the 13th July sensex reached 32000 the lifetime high . There has been a correction in food prices, that is why the market is going up. The feel good factor in the market does not seem to be good. It is said that Ola drivers are doing intra day trading in the exchanges. Usually drivers are not a knowledgeable lot so if they involve in trading it is not a good sign. Valuations seem to be high, so it is better to sell shares at a profit and keep minimum stocks. It is better to have more cash in hand now in this over heated market. GST seems to be doing good for the stock market as stocks have risen and profits have been made in stocks. The first quarterly results of TCS has been bad but Infosys did well. The quarterly results of companies are to be seen now, to gauge the markets well. Politically conditions are good accept that of China, which India is dealing well. There are expectations that China will not declare a full scale conflict as they do not want to disturb their trade. Institutions are investing in stocks in a big way, mutual funds are getting big money. So, one has to be careful as heavy inflow must not drop.    

Markets were flat today with the Nifty closing by 8 points at 9665 and the sensex also closing by 8 points at 31360. The markets have been hunky dory this week with intemittant rising and falling within the week and trading days. Nitin Spinners is a good share with some institutional investors quoting around 135/ it need not be purchased now, but later when it comes to 125/. The China factor is one worry but with our ties with israel, it will prevent China from doing anything anything aggressive. China also wants peace due to their trade ties. The business in markets is on a medium scale with rises and downs. Retail participation for individual stocks is less and a lot of fund activity is going on. The funds either buy or sell in large quantities which effect the market. The trading is on a trading range.