morning thoughts...
The preintimate retro transit came into effect and the markets witnessed a major deception and trapped longs on higher levels.
Technically the markets ought to be weak and can see some more downsides in the coming sessions with the strategy of sell on rise.
However its viable to buy out of money call options at dips and puts on rise for safe returns.
While India may be well prepared to deal with volatility in case the US raises interest rates, Indian banks are not as well prepared when it comes to clearing their NPA menace as per global rating agency S&P. While the pace of stressed asset growth may fall due to an improving macro environment, material recovery is far off. We kind of agree with the assessment of the rating agency here.
While private sector banks are relatively better placed when it comes to dealing with NPA problem, the same has been a thorn in the flesh for public sector banks. However, they are the only ones to be blamed for it. For one, the lending practices at PSU banks are not that transparent. We all know about the bribe for loan scam that came to light some time back. Not that all PSU banks are opaque but one cannot ignore that there is a dire need to strengthen their vigilance department.
Asset quality has been an issue with PSU banks for long. Adequate capitalization has also been a cause of worry. Hence, time and again we have seen government extending support to them for re-capitalization. If steps are not taken to improve the current situation, PSU banks could subject themselves to endemic risks which might put the entire banking system in disarray.
Coming to the commodity markets bullish trend in bullions and base metals are likely to continue whereas a dead cat bounce can be witnessed in energy which can be used to sell.
Our preintimated astro retro mega transit jupiter - mercury - uranus achieves advance nifty targets of 8800 and 19400 on bank nifty-
Next targets out with more ferocity - nifty 8300 or 9150.?
Bank nifty 18500 or 20200 ..?
Make mega wealth in short term
www.astroeyes.blogspot.in
Yesterday's calls sent
Double Bumper Hdil 110 pa - buy at cmp 1.90 sl 1 targets 4 - went 5.15
Fii Just dial- buy at cmp 1295 sl 1267 targets 1400 - went 1429
Gold - buy at cmp 25662 sl 25615 targets 25850 - booked at 25800
Double Bumper Lupin 1900 ca - buy at cmp 37 sl 29 targets 65 - went 76
Advance Nifty - sell at cmp 8795 sl 8830 targets 8690 - went 8612
Bank Nifty - sell at cmp 19390 sl 19500 targets 19000 - went 18772
Rec - buy at cmp 348 sl 346 targets 360 - hit sl
Sbi - buy at cmp 288 sl 286 targets 295 - hit sl
The preintimate retro transit came into effect and the markets witnessed a major deception and trapped longs on higher levels.
Technically the markets ought to be weak and can see some more downsides in the coming sessions with the strategy of sell on rise.
However its viable to buy out of money call options at dips and puts on rise for safe returns.
While India may be well prepared to deal with volatility in case the US raises interest rates, Indian banks are not as well prepared when it comes to clearing their NPA menace as per global rating agency S&P. While the pace of stressed asset growth may fall due to an improving macro environment, material recovery is far off. We kind of agree with the assessment of the rating agency here.
While private sector banks are relatively better placed when it comes to dealing with NPA problem, the same has been a thorn in the flesh for public sector banks. However, they are the only ones to be blamed for it. For one, the lending practices at PSU banks are not that transparent. We all know about the bribe for loan scam that came to light some time back. Not that all PSU banks are opaque but one cannot ignore that there is a dire need to strengthen their vigilance department.
Asset quality has been an issue with PSU banks for long. Adequate capitalization has also been a cause of worry. Hence, time and again we have seen government extending support to them for re-capitalization. If steps are not taken to improve the current situation, PSU banks could subject themselves to endemic risks which might put the entire banking system in disarray.
Coming to the commodity markets bullish trend in bullions and base metals are likely to continue whereas a dead cat bounce can be witnessed in energy which can be used to sell.
Our preintimated astro retro mega transit jupiter - mercury - uranus achieves advance nifty targets of 8800 and 19400 on bank nifty-
Next targets out with more ferocity - nifty 8300 or 9150.?
Bank nifty 18500 or 20200 ..?
Make mega wealth in short term
www.astroeyes.blogspot.in
Yesterday's calls sent
Double Bumper Hdil 110 pa - buy at cmp 1.90 sl 1 targets 4 - went 5.15
Fii Just dial- buy at cmp 1295 sl 1267 targets 1400 - went 1429
Gold - buy at cmp 25662 sl 25615 targets 25850 - booked at 25800
Double Bumper Lupin 1900 ca - buy at cmp 37 sl 29 targets 65 - went 76
Advance Nifty - sell at cmp 8795 sl 8830 targets 8690 - went 8612
Bank Nifty - sell at cmp 19390 sl 19500 targets 19000 - went 18772
Rec - buy at cmp 348 sl 346 targets 360 - hit sl
Sbi - buy at cmp 288 sl 286 targets 295 - hit sl
