morning thoughts...
The markets maintained the range of 7950 - 8050 and swinged like a pendulum trapping both shorts and longs in intraday trade.
Technically the markets looks weak with same pattern with occasional bounce in certain stocks.
While the monsoons brought a sigh of relief from the grinding heat in some parts of India recently, the threat of a below normal monsoon still continues to loom. If we have a drought-like situation this time around, it will be a second year in a row that we have poor monsoons. This poses serious consequences for the agriculture sector in India and rural incomes. On a wider scale, poor food production on account of bad monsoons, would drive food prices higher and hit the pockets of the masses.
Monsoons and food production are one side of the food supply chain. The other important factor in the chain is food storage. And this is a big concern area for India. We came across some shocking details about how thousands of tonnes have been damaged in the last couple of years. Apparently, The Times of India found out through an RTI application that about 40,000 tonnes of grains have been damaged in Food Corporation of India godowns across India over the last two years. Some of the major losses are attributable to natural disasters such as floods and cyclones. But the quantum of damage also reflects poor storage, transit losses and pilferage. This is indeed a worrying fact for a poor country like India which houses the highest number of hungry people in the world. A United Nations report estimates the number to be around 194 million!
While monsoons and natural disasters are beyond human control, factors that we do have control on should be well managed. Particularly, food storage and logistics in India need a major overhaul.
Coming to the commodity markets bullions are likely to trade positive with negative bias in energy and base metals.
MEGA OPPURTUNITY TO MAKE 100% RETURNS IN STOCKS AND 200% IN OPTIONS , 500 POINTS IN NIFTY AND 1000 POINTS IN BANK NIFTY IN NEXT 20 DAYS
DONT MISS OPPURTUNITY
www.astroeyes.blogspot.in
Yesterday's calls sent
Nifty - buy at cmp 7977 sl 7955 tar 8040 - booked at 8035
Double bumper Idea 180 ca - buy at cmp 1.20 sl 1 tar 2.20 - booked at targets
Icici bank - buy at cmp 295 sl 293.50 sl 292.75 tar 299 - booked at targets
Advance nifty - booked profits at 7970 - short from 8419
Jackpot Hexaware - sell at cmp 269 sl 273 tar 255 - booked at 257
The markets maintained the range of 7950 - 8050 and swinged like a pendulum trapping both shorts and longs in intraday trade.
Technically the markets looks weak with same pattern with occasional bounce in certain stocks.
While the monsoons brought a sigh of relief from the grinding heat in some parts of India recently, the threat of a below normal monsoon still continues to loom. If we have a drought-like situation this time around, it will be a second year in a row that we have poor monsoons. This poses serious consequences for the agriculture sector in India and rural incomes. On a wider scale, poor food production on account of bad monsoons, would drive food prices higher and hit the pockets of the masses.
Monsoons and food production are one side of the food supply chain. The other important factor in the chain is food storage. And this is a big concern area for India. We came across some shocking details about how thousands of tonnes have been damaged in the last couple of years. Apparently, The Times of India found out through an RTI application that about 40,000 tonnes of grains have been damaged in Food Corporation of India godowns across India over the last two years. Some of the major losses are attributable to natural disasters such as floods and cyclones. But the quantum of damage also reflects poor storage, transit losses and pilferage. This is indeed a worrying fact for a poor country like India which houses the highest number of hungry people in the world. A United Nations report estimates the number to be around 194 million!
While monsoons and natural disasters are beyond human control, factors that we do have control on should be well managed. Particularly, food storage and logistics in India need a major overhaul.
Coming to the commodity markets bullions are likely to trade positive with negative bias in energy and base metals.
MEGA OPPURTUNITY TO MAKE 100% RETURNS IN STOCKS AND 200% IN OPTIONS , 500 POINTS IN NIFTY AND 1000 POINTS IN BANK NIFTY IN NEXT 20 DAYS
DONT MISS OPPURTUNITY
www.astroeyes.blogspot.in
Yesterday's calls sent
Nifty - buy at cmp 7977 sl 7955 tar 8040 - booked at 8035
Double bumper Idea 180 ca - buy at cmp 1.20 sl 1 tar 2.20 - booked at targets
Icici bank - buy at cmp 295 sl 293.50 sl 292.75 tar 299 - booked at targets
Advance nifty - booked profits at 7970 - short from 8419
Jackpot Hexaware - sell at cmp 269 sl 273 tar 255 - booked at 257
