morning thoughts...
Today we await Rbi policy with common consensus of a rate cut -
Today, Moon will be transiting in Libra, Scorpio & Sagittarius. Jupiter & Venus in Cancer. Lord Saturn in Scorpio. Ketu in Pisces . Sun, Mercury & Mars in Taurus. Lord Rahu in Virgo. Pluto in Sagittarius. Neptune in Aquarius & Uranus in Pisces.
So is it time to be cautious against common consensus , markets will decieve ? Stay cautious
As per study total value of promoter shares pledged has gone up by 27% on a year on year basis with percentage of pledged shares at 43.4% in FY15. High promoter pledging as we all know, is a vicious circle difficult to come out of if the concerned stock witnesses a decline in the price. In such a scenario, more securities are demanded as margin, thus adding to the negative sentiments. In the worst case, the institutions may offload the pledged shares to recover their money, adding to the downward pressure on stock price. As such, investors should be careful of the leverage and pledging levels while investing in equities. And it is perhaps better to avoid the companies where pledging has not been in the interest of business but for personal use.This are the important factors which we have mentioned apart from many global cues.So stick to high rsi , fundamentally and astrologically strong stocks , dont play for event - play for life
Today, Moon will be transiting in Libra, Scorpio & Sagittarius. Jupiter & Venus in Cancer. Lord Saturn in Scorpio. Ketu in Pisces . Sun, Mercury & Mars in Taurus. Lord Rahu in Virgo. Pluto in Sagittarius. Neptune in Aquarius & Uranus in Pisces.
So is it time to be cautious against common consensus , markets will decieve ? Stay cautious
As per study total value of promoter shares pledged has gone up by 27% on a year on year basis with percentage of pledged shares at 43.4% in FY15. High promoter pledging as we all know, is a vicious circle difficult to come out of if the concerned stock witnesses a decline in the price. In such a scenario, more securities are demanded as margin, thus adding to the negative sentiments. In the worst case, the institutions may offload the pledged shares to recover their money, adding to the downward pressure on stock price. As such, investors should be careful of the leverage and pledging levels while investing in equities. And it is perhaps better to avoid the companies where pledging has not been in the interest of business but for personal use.This are the important factors which we have mentioned apart from many global cues.So stick to high rsi , fundamentally and astrologically strong stocks , dont play for event - play for life
Important Rbi policy ahead to keep markets jittery and swinging like a pendulum.
On the lower side 8250 remains as good supports for the markets whereas resistance will be witnessed around 8425 levels.
Coming to the commodity front energy , base metals and bullions looks positive for the coming session.
Tuesday wealth gains'
Sell nifty and bank nifty
Buy bharti airtel , zee tv
Sell yes bank , icici , axis bank
Buy indusind 860 pa , bob 160 pa
