morning thoughts...

The advance nifty moves to 7200 and get ready for a perpetual 500 points move in nifty again up or down - only for subscribers.

Major global markets witnessed sharp selling activity for the second week in a row. Investors panicked as concerns regarding China's economic growth became widespread. Disappointing US data too added to the woes. All of this led to a sharp fall in indices during the last trading day of the week.Due to the huge correction in commodity prices, the currencies of commodity exporting nations have also come under severe pressure. Oil prices tumbled to 12-year lows, falling below US$ 30 per barrel.The China stock markets witnessed maximum selling pressure and lost another 9% in a week's time. On the other hand, UK stock markets tumbled to 3-year lows, sending FTSE 100 to its lowest levels since November 2012.While, the Indian markets were not spared either, they still held up reasonably well this week, as compared to global peers. Barring stock markets from the Information Technology sector, most sectoral indices closed on a weak note. Stocks from the Realty and Capital Goods sectors were the worst performers. The Smallcap and Midcap stocks were also battered in the week gone by.

Mega astrological change calls for perpetual 500 points in nifty and stocks , commodities

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