morning thoughts...

The markets behaved in an exact pattern as illustrated , now we move to the f/o expiry day and the markets are expected to be highly volatile with sudden spurts and fall in some stocks.

One of the factors that gives an indication of the health of any global economy is the sale of automobiles. So in this regard, how have the countries fared in 2015? Take Europe for instance. The EU countries are battling high debt, prolonged recession and rising unemployment. And yet, growth in the car market was quite strong in countries such as Spain and Italy. China is another interesting point. Growth in the car market in the dragon nation has considerably slowed. It must be noted that China is largely a luxury car market as compared to India, which is more of a small car market. And the growth of luxury cars in China has particularly been hit hard on account of the turmoil in the Chinese economy and its stock markets. This was evident in the results of Tata Motors' Jaguar Land Rover (JLR) operations as well. Indeed, for JLR, China was a very important market and had witnessed robust growth in prior years. Thus, the contribution from China to JLR's revenues rose steadily over the years. This changed last year when the crisis in the country hit the volumes very hard, thereby impacting JLR's overall performance in the market. The Indian car market has also been slowly limping back to recovery although some segments of the industry remain weak. But volumes will likely jump up once the Indian economy starts growing at a faster pace. Last day we were bullish about commodities and the rally came , some more upside is likely in the coming sessions.

Yesterday' calls sent

Nifty- buy at  cmp 7421 sl 7409 targets 7465 - achieved targets

Bank nifty- buy at cmp 15455 sl 15400 targets 15590 - achieved targets

Gold - buy at cmp 26635 sl 26590 targets 26800 - holding

Silver - buy at cmp 34890 sl 34800 targets 35150 - achieved targets

Crude- buy at cmp 2085 sl 2062 targets 2200 - achieved targets

Copper - buy at cmp 303 sl 301.50 targets 310- achieved targets

Hexaware - buy at cmp 218 sl 216.50 targets 226 - holding

Hdil 70 ca - buy at cmp 1.95 sl 1.50 targets 3.75 - achieved targets

Axis bank - buy at cmp 417 sl 415 targets 425 - hit sl

Petronet lng - sell at cmp 252 sl 253.50 targets 245 - hit sl

Upl - buy at cmp 406 sl 404 targets 414 - achieved targets