morning thoughts...
As said and expected the markets remained rangebound with good activity in broader markets giving oppurtunities to both long and short traders.
Technically no much difference is seen in the coming sessions and yet another oppurtunity will be witnessed.
Now shifting from global concerns to the deep rooted issues in the Indian economy, we have come across a concerning trend. As the noose is getting tightened on black money and its perpetrators, new ways seem to be getting worked out in order to keep the parallel economy thriving. While it may take some time to identify and disclose the culprits in this regard, by the time this stage comes, it is likely that the black money would have made its way back to India in the form of yellow metal. What else could explain the huge surge in gold shipments from Switzerland to India? One must note that Switzerland alone is now accounting for 60% to 70% gold entering in India in recent months.
There is a high likelihood that this is just a way of routing back the unaccounted wealth. The trend is bothering and has caught the eye of authorities. As such, more vigilance by the Customs Department has been suggested to control misvoicing and limiting the black money transactions. While India seems to have woken up to the menace of black money, the reaction can hardly be called swift. By the time the Government gets ready to take action, the wrong doers are likely to have cleaned their accounts with little evidence against them.
With the rise of a Modi Government, sentiments about economy have taken a U turn. One of the areas where one can sense this optimism is exports. What drives this view is the likelihood of better business conditions and benefits from 'Make in India' drive. But while that will take long to get implemented and reflected, the reasons to remain skeptical are quite palpable.
However, the revival of exports is not just a function of what happens inside Indian economy. The demand for Indian exports will be depend on how global economy fares. And the situation on that front can best be called fragile.The key exports markets including European Union, Japan, Russia and Middle East, which account for more than one fifths of the total Indian exports, do not offer a very bright economic picture. With oil prices on a free fall, oil exporting countries are likely to witness low incomes that will further translate into slow down in the economy and low demand for Indian exports. Hence, investors would do well to keep these risks in mind while betting on an economic revival and expected beneficiaries.
Astrologically we have already intimated about the mega transits.
Coming to the commodity markets bullions , base metals and energy looks positive for the coming sessions.
Tuesday wealth basket
Double Bumper buy TECH MAHINDRA 2500 CA
DOUBLE BUMPER BUY RELIANCE CAPITAL 500 PA
Buy ZEE , HPCL
SELL NIFTY , BANK NIFTY
Buy Karnataka 140 pa
Buy infosys 2000 ca
Buy tata steel 400 pa
Sell hindalco
Sell gold , silver , crude
Buy copper , natural gas
As said and expected the markets remained rangebound with good activity in broader markets giving oppurtunities to both long and short traders.
Technically no much difference is seen in the coming sessions and yet another oppurtunity will be witnessed.
Now shifting from global concerns to the deep rooted issues in the Indian economy, we have come across a concerning trend. As the noose is getting tightened on black money and its perpetrators, new ways seem to be getting worked out in order to keep the parallel economy thriving. While it may take some time to identify and disclose the culprits in this regard, by the time this stage comes, it is likely that the black money would have made its way back to India in the form of yellow metal. What else could explain the huge surge in gold shipments from Switzerland to India? One must note that Switzerland alone is now accounting for 60% to 70% gold entering in India in recent months.
There is a high likelihood that this is just a way of routing back the unaccounted wealth. The trend is bothering and has caught the eye of authorities. As such, more vigilance by the Customs Department has been suggested to control misvoicing and limiting the black money transactions. While India seems to have woken up to the menace of black money, the reaction can hardly be called swift. By the time the Government gets ready to take action, the wrong doers are likely to have cleaned their accounts with little evidence against them.
With the rise of a Modi Government, sentiments about economy have taken a U turn. One of the areas where one can sense this optimism is exports. What drives this view is the likelihood of better business conditions and benefits from 'Make in India' drive. But while that will take long to get implemented and reflected, the reasons to remain skeptical are quite palpable.
However, the revival of exports is not just a function of what happens inside Indian economy. The demand for Indian exports will be depend on how global economy fares. And the situation on that front can best be called fragile.The key exports markets including European Union, Japan, Russia and Middle East, which account for more than one fifths of the total Indian exports, do not offer a very bright economic picture. With oil prices on a free fall, oil exporting countries are likely to witness low incomes that will further translate into slow down in the economy and low demand for Indian exports. Hence, investors would do well to keep these risks in mind while betting on an economic revival and expected beneficiaries.
Astrologically we have already intimated about the mega transits.
Coming to the commodity markets bullions , base metals and energy looks positive for the coming sessions.
Tuesday wealth basket
Double Bumper buy TECH MAHINDRA 2500 CA
DOUBLE BUMPER BUY RELIANCE CAPITAL 500 PA
Buy ZEE , HPCL
SELL NIFTY , BANK NIFTY
Buy Karnataka 140 pa
Buy infosys 2000 ca
Buy tata steel 400 pa
Sell hindalco
Sell gold , silver , crude
Buy copper , natural gas
