morning thoughts...
The markets remained highly volatile on the last day of the trading week , citing the same pattern in the coming sessions.
The coming session is likely to be highly volatile with markets swinging like a pendulum and the focus remains on stock specific.
On the lower side 8535 remains as crucial support levels whereas 8650 will act as resistance zones for the markets.
The Chinese markets have been in turmoil recently. The crisis in Greece has grabbed the headlines but from the point of view of the markets, the situation in China is more worrisome. It's not just about the markets. The Chinese economic growth engine has begun to run out of steam. Exports have been the mainstay of the economy. Weak global demand, rising wages and a strengthening currency have all combined to derail China's competitive advantage.
Exports fell 2.8% YoY in May 2015. If export growth were to remain in the low single digits this year then what could support the economy? Domestic investment has been acknowledged to be wasteful and the real estate boom has begun to burst. Consumption has also not picked up. Imports too are down. All in all, we see dark days ahead for China.
Coming to the commodity markets bullions , base metals looks weak and is a sell , whereas energy looks positive and is a buy on dips
Monday wealth gains
Sell gold , silver , copper
Buy Cesc 600 ca , ktk bank 150 pa , arvind 300 ca
Buy idea , bharti airtel , rajesh exports
Sell karnataka bank , titan
Buy nifty and bank nifty in panic and sell on rise
The markets remained highly volatile on the last day of the trading week , citing the same pattern in the coming sessions.
The coming session is likely to be highly volatile with markets swinging like a pendulum and the focus remains on stock specific.
On the lower side 8535 remains as crucial support levels whereas 8650 will act as resistance zones for the markets.
The Chinese markets have been in turmoil recently. The crisis in Greece has grabbed the headlines but from the point of view of the markets, the situation in China is more worrisome. It's not just about the markets. The Chinese economic growth engine has begun to run out of steam. Exports have been the mainstay of the economy. Weak global demand, rising wages and a strengthening currency have all combined to derail China's competitive advantage.
Exports fell 2.8% YoY in May 2015. If export growth were to remain in the low single digits this year then what could support the economy? Domestic investment has been acknowledged to be wasteful and the real estate boom has begun to burst. Consumption has also not picked up. Imports too are down. All in all, we see dark days ahead for China.
Coming to the commodity markets bullions , base metals looks weak and is a sell , whereas energy looks positive and is a buy on dips
Monday wealth gains
Sell gold , silver , copper
Buy Cesc 600 ca , ktk bank 150 pa , arvind 300 ca
Buy idea , bharti airtel , rajesh exports
Sell karnataka bank , titan
Buy nifty and bank nifty in panic and sell on rise
