morning thoughts...
The markets saw selling pressure at higher levels and the coming session is likely to be volatile with same pattern.
Technically the markets remain jittery and nifty is likely to remain in a range of 7970 - 8070 with bank nifty facing resistance at 17500 and support at 17050 levels.
Negative headlines around the Chinese economy are dime a dozen these days. Experts are wondering whether the dragon nation's march towards prosperity has slowed down for good. The country's recent decision to scrap its one child policy is widely seen as an acknowledgement of this fact even by the country's policymakers. However, all of these factors have not deterred the country's stock market from emerging as the best performing amongst the BRICS pack over the last three years.
With a CAGR (compounded annual growth rate) of 18%, the Chinese benchmark index has done much better than the other major emerging markets over a three year period. Of course, it is a different story altogether that the genuineness of this stock market rally, especially over the last one year or so, is itself under question.
With gains of 14% per year, the Indian stock market index isn't far behind its Chinese counterpart. And unlike China, there isn't any big question mark over how genuine it is. However, a big chunk of these gains have in expectations of big bang reforms from the current Government at the centre. The pace of the same however has remained painfully slow this year. Should the situation not reverse itself in the coming few months, investors would certainly start getting more and more jittery.
Coming to the commodity markets bullions can see some reversal from downsides , basemetals are a sell on rallies.
Thursday wealth gains
Buy gold , silver , aluminium
Sell bata , axis bank
Buy hero moto , tata motors
Double bumper buy Coal india 340 ca
Buy maruti 4500 ca , tata steel 230 pa
The markets saw selling pressure at higher levels and the coming session is likely to be volatile with same pattern.
Technically the markets remain jittery and nifty is likely to remain in a range of 7970 - 8070 with bank nifty facing resistance at 17500 and support at 17050 levels.
Negative headlines around the Chinese economy are dime a dozen these days. Experts are wondering whether the dragon nation's march towards prosperity has slowed down for good. The country's recent decision to scrap its one child policy is widely seen as an acknowledgement of this fact even by the country's policymakers. However, all of these factors have not deterred the country's stock market from emerging as the best performing amongst the BRICS pack over the last three years.
With a CAGR (compounded annual growth rate) of 18%, the Chinese benchmark index has done much better than the other major emerging markets over a three year period. Of course, it is a different story altogether that the genuineness of this stock market rally, especially over the last one year or so, is itself under question.
With gains of 14% per year, the Indian stock market index isn't far behind its Chinese counterpart. And unlike China, there isn't any big question mark over how genuine it is. However, a big chunk of these gains have in expectations of big bang reforms from the current Government at the centre. The pace of the same however has remained painfully slow this year. Should the situation not reverse itself in the coming few months, investors would certainly start getting more and more jittery.
Coming to the commodity markets bullions can see some reversal from downsides , basemetals are a sell on rallies.
Thursday wealth gains
Buy gold , silver , aluminium
Sell bata , axis bank
Buy hero moto , tata motors
Double bumper buy Coal india 340 ca
Buy maruti 4500 ca , tata steel 230 pa
