morning thoughts...
The markets showed strength last week and managed to close near to 8800 levels on the nifty front.
Technically the coming session is likely to be consolidated with nifty trying to inch towards the 8900 mark where its likely to face resistance.
On the lower side 8690 will act as good supports for the markets with individual stocks out performing the markets.
As the European Central Bank's €1.1 trillion quantitative easing policy suppresses borrowing costs and cheapens the currency, record amounts of money have been poured into euro -zone equities over recent months. The stock markets in France and Germany were up by around 3.5% and 3.1% respectively during last week.
Despite not so strong employment report data, US stock markets inched higher (up by around 2%) during last week. Further, statements by Fed officials to the effect that a rate cut is not totally out of question if economic reports are strong supported the positive sentiments.
The stock markets in China (up by around 6% during last week) seem to be following the movements in the leading global markets. Apart from that, the positive sentiments in the markets could be attributed to national policies such as China's "Belt and Road" initiative that favors infrastructure-oriented stocks and other factors such as loose global monetary policies, low crude prices and privatization of state owned companies.
However, at a time when China is facing pressure from slowdown in the GDP growth and lacklustre economic data, these gains could suggest creation of a bubble.
Back home, the Indian markets ended higher, up by around 2.2% during the week. The rise was supported by a rating upgrade by Moody's .However, gains were restricted on account of profit taking especially in the banking and capital goods stocks ahead of the release of IIP data. The gains in the small cap and mid cap stocks outpaced the gains in the Sensex during the week. Going forward, the fourth quarter (4QFY15) corporate earnings are likely to influence investors' sentiments.
Coming to the commodity markets bullions , energy and base metals are likely to trade negative in the coming sessions.
www.astroeyes.blogspot.in
On huge demand - Convert 20k into 1 lac via options
Create 500 points in nifty and 1000 points in bank nifty in 20 days
Limited edition
Monday wealth gains
Buy nifty and bank nifty on dips
Double bumper buy Bharti airtel 400 ca
Buy coal india 400 ca , upl 480 ca
Jackpot buy hdil 140 ca
Double bumper buy Titan 400 ca
Buy gspl , bhel
Sell gold , silver , copper
The markets showed strength last week and managed to close near to 8800 levels on the nifty front.
Technically the coming session is likely to be consolidated with nifty trying to inch towards the 8900 mark where its likely to face resistance.
On the lower side 8690 will act as good supports for the markets with individual stocks out performing the markets.
As the European Central Bank's €1.1 trillion quantitative easing policy suppresses borrowing costs and cheapens the currency, record amounts of money have been poured into euro -zone equities over recent months. The stock markets in France and Germany were up by around 3.5% and 3.1% respectively during last week.
Despite not so strong employment report data, US stock markets inched higher (up by around 2%) during last week. Further, statements by Fed officials to the effect that a rate cut is not totally out of question if economic reports are strong supported the positive sentiments.
The stock markets in China (up by around 6% during last week) seem to be following the movements in the leading global markets. Apart from that, the positive sentiments in the markets could be attributed to national policies such as China's "Belt and Road" initiative that favors infrastructure-oriented stocks and other factors such as loose global monetary policies, low crude prices and privatization of state owned companies.
However, at a time when China is facing pressure from slowdown in the GDP growth and lacklustre economic data, these gains could suggest creation of a bubble.
Back home, the Indian markets ended higher, up by around 2.2% during the week. The rise was supported by a rating upgrade by Moody's .However, gains were restricted on account of profit taking especially in the banking and capital goods stocks ahead of the release of IIP data. The gains in the small cap and mid cap stocks outpaced the gains in the Sensex during the week. Going forward, the fourth quarter (4QFY15) corporate earnings are likely to influence investors' sentiments.
Coming to the commodity markets bullions , energy and base metals are likely to trade negative in the coming sessions.
www.astroeyes.blogspot.in
On huge demand - Convert 20k into 1 lac via options
Create 500 points in nifty and 1000 points in bank nifty in 20 days
Limited edition
Monday wealth gains
Buy nifty and bank nifty on dips
Double bumper buy Bharti airtel 400 ca
Buy coal india 400 ca , upl 480 ca
Jackpot buy hdil 140 ca
Double bumper buy Titan 400 ca
Buy gspl , bhel
Sell gold , silver , copper
