morning thoughts...
The markets remained in a range as said and expected and managed to cross 9000 on nifty front in intraday trade.
Technically the same trend is likely to continue with oppurtunities for both long and short traders.
2014 was a historic year for the Indian markets. With a gain of about 30% the benchmark indices left the doom and gloom years of the UPA era behind it. Retail investors too returned to the markets. The rising tide lifted stocks, big and small alike, across sectors. However, there was one aspect of the Bull Run that lagged behind: the primary market. Consider this; in the whole of 2014 there were just five IPOs which raised a total of about Rs 12 bn. This was the lowest in over a decade! Usually, a frothy IPO market is a sure sign of an overheated market. It should come as no surprise that giant public issues tend to coincide with market tops. We all remember the Reliance Power IPO in January 2008 which came as the market peaked at 21,000. Even the Coal India IPO in Nov 2010 had coincided with the market getting back to the 21,000 mark. Most of the time investors end up waiting for long to breakeven on such investments... if at all. Well we believe that history will soon repeat itself. With the indices trading at 20 times earnings, corporate India is all set to go on a massive fund raising drive!
Most of the public issues to hit the markets soon, will see private equity (PE) investors exit in large numbers. They are playing it smart, as they always do. They made their investments at cheap or reasonable valuations. They are now looking to sell their overvalued shares to gullible retail investors with the promise of quick IPO profits. Do not fall into this trap!
Coming to the commodity markets bullions , energy and base metals are likely to trade positive in the coming sessions.
Revised rates - www.astroeyes.blogspot.in
Yesterday's calls sent
Double bumper Tcs 2700 ca - buy at cmp 69 sl 58 targets 115 - went 127
Idbi 80 ca - buy at cmp 2 sl 1 targets 4 - went 5.80
Axis bank - sell at cmp 649 sl 654 targets 635 - went 632
Jackpot Bhushan steel - buy at cmp 89 sl 86 targets 102 - went 103.70
Dlf - buy at cmp 153 sl 151.50 targets 158 - hit sl
Rajesh exports - sell at cmp 168 sl 169,50 targets 165 - hit sl
Nifty - buy at cmp 8980 sl 8960 targets 9050 - went 9063
Bank nifty - buy at cmp 19980 sl 19930 targets 20150 - went 20199
Gold Mcx - buy at cmp 26505 sl 26465 targets 26600 - booked at 26570
Crude Mcx - sell at cmp 3149 sl 3175 targets 3080 - booked at 3091
The markets remained in a range as said and expected and managed to cross 9000 on nifty front in intraday trade.
Technically the same trend is likely to continue with oppurtunities for both long and short traders.
2014 was a historic year for the Indian markets. With a gain of about 30% the benchmark indices left the doom and gloom years of the UPA era behind it. Retail investors too returned to the markets. The rising tide lifted stocks, big and small alike, across sectors. However, there was one aspect of the Bull Run that lagged behind: the primary market. Consider this; in the whole of 2014 there were just five IPOs which raised a total of about Rs 12 bn. This was the lowest in over a decade! Usually, a frothy IPO market is a sure sign of an overheated market. It should come as no surprise that giant public issues tend to coincide with market tops. We all remember the Reliance Power IPO in January 2008 which came as the market peaked at 21,000. Even the Coal India IPO in Nov 2010 had coincided with the market getting back to the 21,000 mark. Most of the time investors end up waiting for long to breakeven on such investments... if at all. Well we believe that history will soon repeat itself. With the indices trading at 20 times earnings, corporate India is all set to go on a massive fund raising drive!
Most of the public issues to hit the markets soon, will see private equity (PE) investors exit in large numbers. They are playing it smart, as they always do. They made their investments at cheap or reasonable valuations. They are now looking to sell their overvalued shares to gullible retail investors with the promise of quick IPO profits. Do not fall into this trap!
Coming to the commodity markets bullions , energy and base metals are likely to trade positive in the coming sessions.
Revised rates - www.astroeyes.blogspot.in
Yesterday's calls sent
Double bumper Tcs 2700 ca - buy at cmp 69 sl 58 targets 115 - went 127
Idbi 80 ca - buy at cmp 2 sl 1 targets 4 - went 5.80
Axis bank - sell at cmp 649 sl 654 targets 635 - went 632
Jackpot Bhushan steel - buy at cmp 89 sl 86 targets 102 - went 103.70
Dlf - buy at cmp 153 sl 151.50 targets 158 - hit sl
Rajesh exports - sell at cmp 168 sl 169,50 targets 165 - hit sl
Nifty - buy at cmp 8980 sl 8960 targets 9050 - went 9063
Bank nifty - buy at cmp 19980 sl 19930 targets 20150 - went 20199
Gold Mcx - buy at cmp 26505 sl 26465 targets 26600 - booked at 26570
Crude Mcx - sell at cmp 3149 sl 3175 targets 3080 - booked at 3091
