morning thoughts...
The markets spurted from support levels and managed to close above 8700 levels on nifty front with weakness in bank nifty.
Technically the markets will follow the consolidated range and will see volatile moves in coming sessions with supports at 8600 levels and resistance at 8790 levels.
Individual stocks will continue to outperform the markets and there lies major oppurtunity and one can looks to buy out of money options in index and stocks and multiply their wealth.
As the Sensex surged past the 21,000 mark in early 2014, we were sure that astute promoters would line up with their public issues sooner rather than later. Sure enough, 2015 promises to be a big year for fund raising and IPOs will take center stage yet again.
However, as we have stated before, promoters are interested in squeezing out the maximum funds from the capital markets with least possible dilution of their stakes. This is only possible if the issue is priced at sky high valuations.
Investors buying into such pricey issues are putting their money at considerable risk. This has now been proven by a recent study done by a proxy advisory firm and reported in The Mint. The study has found that out of the 394 issues between FY04 and FY15, 42% were trading below the offer price! What's worse, the average return of 164 issues that are in the green is lower than the post-tax returns from fixed deposits. Studies such as these prove what we already know, most IPOs should be avoided by retail investors.
Astrologically a series of major transits takes place in the coming week with jupiter direct in cancer on 8th april , mars combust in aries on 10th april , sun transit in aries and mars transit in taurus - dual transit on 14th april , mercury transit in taurus on 27th april till june.
So a series of major transit takes place in coming days which will have direct effect on individuals , equity and commodity markets.
Coming to the commodity markets bullions , base metals and energy are likely to trade positive in the coming sessions.
www.astroeyes.blogspot.in
Yesterday's calls sent
Jackpot Coal india 370 ca - buy at cmp 7 sl 5 targets 15 - went 17.70
Hdil 140 ca - buy at cmp 4.35 sl 3.50 tar 8 - went 9
Copper Mcx - sell at cmp 382 sl 383.50 targets 377 - booked at 378.30
Silver Mcx - sell at cmp 37800 sl 37900 tar 37500 - booked at 37520
Bharti airtel - buy at cmp 412 sl 409 tar 422 - went 424
Idea - buy at cmp 194 sl 192 tar 200 - hit sl
Double Bumper Bpcl 800 ca - buy at cmp 26 sl 21 tar 45 - went 47.95
Jackpot Sun tv - sell at cmp 407 sl 418 tar 370 - booked at 378
The markets spurted from support levels and managed to close above 8700 levels on nifty front with weakness in bank nifty.
Technically the markets will follow the consolidated range and will see volatile moves in coming sessions with supports at 8600 levels and resistance at 8790 levels.
Individual stocks will continue to outperform the markets and there lies major oppurtunity and one can looks to buy out of money options in index and stocks and multiply their wealth.
As the Sensex surged past the 21,000 mark in early 2014, we were sure that astute promoters would line up with their public issues sooner rather than later. Sure enough, 2015 promises to be a big year for fund raising and IPOs will take center stage yet again.
However, as we have stated before, promoters are interested in squeezing out the maximum funds from the capital markets with least possible dilution of their stakes. This is only possible if the issue is priced at sky high valuations.
Investors buying into such pricey issues are putting their money at considerable risk. This has now been proven by a recent study done by a proxy advisory firm and reported in The Mint. The study has found that out of the 394 issues between FY04 and FY15, 42% were trading below the offer price! What's worse, the average return of 164 issues that are in the green is lower than the post-tax returns from fixed deposits. Studies such as these prove what we already know, most IPOs should be avoided by retail investors.
Astrologically a series of major transits takes place in the coming week with jupiter direct in cancer on 8th april , mars combust in aries on 10th april , sun transit in aries and mars transit in taurus - dual transit on 14th april , mercury transit in taurus on 27th april till june.
So a series of major transit takes place in coming days which will have direct effect on individuals , equity and commodity markets.
Coming to the commodity markets bullions , base metals and energy are likely to trade positive in the coming sessions.
www.astroeyes.blogspot.in
Yesterday's calls sent
Jackpot Coal india 370 ca - buy at cmp 7 sl 5 targets 15 - went 17.70
Hdil 140 ca - buy at cmp 4.35 sl 3.50 tar 8 - went 9
Copper Mcx - sell at cmp 382 sl 383.50 targets 377 - booked at 378.30
Silver Mcx - sell at cmp 37800 sl 37900 tar 37500 - booked at 37520
Bharti airtel - buy at cmp 412 sl 409 tar 422 - went 424
Idea - buy at cmp 194 sl 192 tar 200 - hit sl
Double Bumper Bpcl 800 ca - buy at cmp 26 sl 21 tar 45 - went 47.95
Jackpot Sun tv - sell at cmp 407 sl 418 tar 370 - booked at 378
