morning thoughts...

The markets continued its consolidation mode with nifty hovering between 7600 - 7700 levels.
The coming session is likely to see buying at lower levels with stock specific actions.

As the global economy reels under slowdown, commodity prices have been on a downtrend. Apart from crude, price of gold, metal, iron ore, and coal has declined since 2014. Even agri-commodities such as rice wheat, cotton and sugar have weakened in the past two years. However, lower commodity prices have been a blessing in disguise for India. India being a net importer of commodities, has managed to clock robust growth without stretching itself. Strong growth in gross domestic product (GDP) and comfortable deficit numbers bear testimony to its present economic resilience.However other developing countries, that are huge commodity exporters, have been adversely impacted by the meltdown. Firstly, their growth has come under pressure due to falling realizations. Countries such as Brazil and Russia have been witnessing falling growth in the past one year. As a result, their current account deficit (CAD) as a % of GDP has risen sharply. In case of Brazil, the fiscal deficit has shot up to 9.3% of its GDP at the end of September 2015 quarter.But as India reaps the windfall gain from low commodity prices, it needs to expedite revival of the investment climate in the country to ensure sustainable economic growth in future. Therefore the government needs to focus on higher public spending and bringing the stalled economic reforms process back on track.Coming to the commodity markets bullions , base metals and energy looks weak and is a sell on rallies

Tuesday wealth gains

Buy coal india 320 ca

Buy nifty and bank nifty

Buy pfc , zee tv

Sell icici bank , sbi , yes bank

Sell gold , silver , crude