morning thoughts...
The markets swinged liked a pendulum and saw volatility at its best with nifty hovering around 8700 - 8800 levels.
Technically its time for consolidation for markets and volatile moves will continue in coming sessions.
However after maintaining the band the indices now rests on spring levels and if a bounce has to come it must come from this levels and we can see a gap up opening in the coming session.
Now there can be an important strategy if markets open gap up , the important levels to watch on the lower side would be 8665 levels and minor resistance levels around 8900 levels.
So if the markets slides towards lower support levels it would be a buy on dips , we would watch that levels to create shorts.
The Sensex losing around 800 points in 2 days is a stark reminder of how global cues have a significant impact on the Indian stock market. But that is not all. Factors back home could also be attributed to this. Let's look at the global scenario first.
One of the reasons why the Sensex notched losses was expectations that the US Fed will start raising interest rates soon especially give the recent strong US jobs data. Should this happen, US will begin to look attractive in terms of returns to foreign investors. So, foreign investors will start pulling money out of the emerging markets including India. Expectations of the US Fed raising rates have been doing the rounds for quite some time now. But there has been no action on this front. Indeed, growth in the US so far has been rapid and largely aided by stimulus measures. So it will be interesting to see whether the US Fed would want to jeopardize this by raising rates. If it does do so, and growth once again stalls, we will not be surprised if the Fed reverts to loose monetary policies once again.
As intimated the mega astrological changes will continue its effect and deceptive moves and confusion will continue.
Coming to the commodity markets bullions , base metals and energy are likely to see a bounce from lower levels.
www.astroeyes.blogspot.in
Wednesday wealth gains - stocks and commodities
Double bumper buy Cesc 600 ca
Buy hexaware 280 ca
Buy nifty and bank nifty
Double bumper buy Bharti airtel 360 ca
Buy gold , silver , copper
Buy hcl tech , hdil , kotak bank
Buy Tech mahindra 2900 ca
Yesterday's calls sent
Double Bumper Bharti airtel 360 ca - buy at cmp 8 sl 5 targets 18 - went 25
Hexaware 270 ca - buy at cmp 8.30 sl 6.75 targets 12 - went 13
Dlf - buy at cmp 149 sl 147 targets 156 - hit sl
Hdfc - sell at cmp 1360 sl 1375 targets 1330 - went 1316
Nifty - sell at cmp 8788 sl 8820 targets 8725 - went 8712
Rajesh exports - buy at cmp 175 sl 173 targets 180 - went 183
Coal india - sell at cmp 368 sl 371 targets 360 - hit sl
Voltas - sell at cmp 265 sl 267 targets 260 - hit sl
Crude Mcx - sell at cmp 3149 sl 3165 targets 3100 - booked at 3115
Copper Mcx - sell at cmp 370 sl 371.50 targets 367 - booked at 367.50
The markets swinged liked a pendulum and saw volatility at its best with nifty hovering around 8700 - 8800 levels.
Technically its time for consolidation for markets and volatile moves will continue in coming sessions.
However after maintaining the band the indices now rests on spring levels and if a bounce has to come it must come from this levels and we can see a gap up opening in the coming session.
Now there can be an important strategy if markets open gap up , the important levels to watch on the lower side would be 8665 levels and minor resistance levels around 8900 levels.
So if the markets slides towards lower support levels it would be a buy on dips , we would watch that levels to create shorts.
The Sensex losing around 800 points in 2 days is a stark reminder of how global cues have a significant impact on the Indian stock market. But that is not all. Factors back home could also be attributed to this. Let's look at the global scenario first.
One of the reasons why the Sensex notched losses was expectations that the US Fed will start raising interest rates soon especially give the recent strong US jobs data. Should this happen, US will begin to look attractive in terms of returns to foreign investors. So, foreign investors will start pulling money out of the emerging markets including India. Expectations of the US Fed raising rates have been doing the rounds for quite some time now. But there has been no action on this front. Indeed, growth in the US so far has been rapid and largely aided by stimulus measures. So it will be interesting to see whether the US Fed would want to jeopardize this by raising rates. If it does do so, and growth once again stalls, we will not be surprised if the Fed reverts to loose monetary policies once again.
As intimated the mega astrological changes will continue its effect and deceptive moves and confusion will continue.
Coming to the commodity markets bullions , base metals and energy are likely to see a bounce from lower levels.
www.astroeyes.blogspot.in
Wednesday wealth gains - stocks and commodities
Double bumper buy Cesc 600 ca
Buy hexaware 280 ca
Buy nifty and bank nifty
Double bumper buy Bharti airtel 360 ca
Buy gold , silver , copper
Buy hcl tech , hdil , kotak bank
Buy Tech mahindra 2900 ca
Yesterday's calls sent
Double Bumper Bharti airtel 360 ca - buy at cmp 8 sl 5 targets 18 - went 25
Hexaware 270 ca - buy at cmp 8.30 sl 6.75 targets 12 - went 13
Dlf - buy at cmp 149 sl 147 targets 156 - hit sl
Hdfc - sell at cmp 1360 sl 1375 targets 1330 - went 1316
Nifty - sell at cmp 8788 sl 8820 targets 8725 - went 8712
Rajesh exports - buy at cmp 175 sl 173 targets 180 - went 183
Coal india - sell at cmp 368 sl 371 targets 360 - hit sl
Voltas - sell at cmp 265 sl 267 targets 260 - hit sl
Crude Mcx - sell at cmp 3149 sl 3165 targets 3100 - booked at 3115
Copper Mcx - sell at cmp 370 sl 371.50 targets 367 - booked at 367.50
