Weekly Markets Sentiment_28.10.2017

Markets staged a near 1.5-2% rally on the front-line indices. Nifty closed at fresh all time highs and it’s the second week a closing is above key levels. Results season continued and the big break came from the governments recap plan. PSU’s were the flavor of trade and investments. Huge capital infusion from government has changed the sentiment and things look rosy as far as PSU sector is concerned. Some of these banks staged a 45%+ single day rally.

Technically speaking, sky is the limit. Charts warrant some consolidation. Having said that all closes above previous double tops around 10180 will only give fresh legs to this break out. Charts of Nifty particularly look strong on a daily time frame. Weekly, a minor RSI top needs to break for a sustained and confirmed break out. If Nifty falters here, this could call for a deep pull back.

Fundamentally, P/E with the mixed results stands around historical highs. Liquidity is abundant. The one lagging sector sentiment has turned around. It seems as if complacency is around the sentiment. Lack of sheer negative triggers keep pushing valuations higher. This seems to be a sustainable trend unless an exogenous shock is produced. Some of the prices are at an eye-popping levels. IPOs are in full flow and keep getting subscriptions as if there was no tomorrow.

Globally – Amazon the king pin of B2C and B2B business shot up taking the markets in US to all time highs. Jeff Bezos became the world’s richest person. Trump’s tax push gives strength to the over all market sentiment there. Catalonian struggle in Spain is one to keep an eye on. Although currently undiscovered it cannot be ignored.

Sector watch – Banking clearly to lead the rally. New tops are still far out on Bank Nifty but should that happen – Nifty Bank can hit 25-26k in no time. Metals keep shining as across the board commodity prices remain firm. Be advised Metals is still overheated. Good time to book profits in Metals. Auto has given a breakout. Watch out of Auto stocks which may follow suit. If sustained Nifty Auto index can rally another 5%.

Morning Business News Round Up_Oct 24,2017

Morning Business News :

  • RCom-Sistema Shyam merger gets DoT approval
  • UK fines Merrill Lynch £34.5 mn for unreported deals
  • SC orders refund of principal to Supertech home buyers
  • K’taka bans pillion on 2 wheelers below 100 cc capacity
  • JioPhone reportedly explodes; Co says it’s sabotage
  • Reliance MF IPO sees big anchor investors demand
  • MNCs lobby against price cuts of stents & knee ebay hermes h bracelet unboxing nerf
  • Coal ministry rejects Nalco’s claim of fuel supply shortage
  • Weak steel market to delay Mesco-Posco Finex deal
  • Reliance Industries’ m-cap gets nearer to Rs 6 lakh cr
  • Real estate companies are now relying on Rera to woo buyers
  • ‘Govt plan may bring non-essential drugs under price control’
  • Exporters can claim refund this week for GST paid in Aug, Sept
  • Kharif crops in good condition; not hit by rains: Pattanayak
  • World energy bodies caution India on wind projects
  • Solar costs to fall further, powering global demand: Irena
  • Lenders to exit IVRCL debt restructure mechanism
  • Govt’s rice procurement rises marginally to 69.89 LT so far
  • US delegation visits UP to assess investment potential
  • Bharat-22 ETF likely to be launched in November
  • India Post Payments Bank appoints Vodafone hermes h belt M-Pesa’s Suresh Sethi as MD, CEO
  • IEX shares close 1.43% lower hermes h bracelet on stock market debut
  • Rel Jio’s tariff hike suggests worst may be over for telcos

Image result for Rel Jio’s tariff hike

  • Havells India Q2 profit at Rs171 crore
  • Indiabulls Housing Finance Q2 net rises 24% to Rs852 cr
  • Fiscal deficit of 3.2% seems not difficult in FY18, says report
  • 331 infra projects see cost overrun of Rs 1.72 lakh cr
  • Government will achieve fiscal deficit and disinvestment targets in FY18: SBI report
  • Air India eyes sale of scrapped engine parts
  • BHEL starts execution of Rs 20,400 crore Yadadri thermal power plant in Telangana
  • Non-life insurance industry is poised for great growth
  • Hindustan Zinc Q2 net profit rises 34% on metal rally
  • Solar panel birkin bag hermes costs to fall by 60% in 10 years
  • Sebi disposes of proceedings against NDTV promoters
  • Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr

Weekly Market Sentiment_21.10.2017

Markets closed the pre diwali session near all time high. Although the “Muhurat” trading did not bode well with the bulls. Global weakness pulled the markets and sentiment lower. Nifty has slipped below its newly conquered high of 10200. Diwali sentiment ruled the streets throughout the week. Results will continue going forward and stock specific theme is likely to play out. New listings – MAS Financial and Godrej Agrovet made stellar debuts on the market. Both the stocks got a 35% premium from the street on listing day.

Technically speaking the Friday pull back should give fresh legs and a much-needed breather. 10080 will hold a key support for the very short-term. 9970 being the 50 D EMA will provide intermediate support to Nifty. On the positive side if Nifty is to hold 10180 on a weekly closing basis, one may have a massive rally squeezing shorts and surprising a lot of scared bulls. Flip side of range breaks, if there is correction in the intermediate time, Nifty can easily test the lower end of the weekly range at 9700. A double bottom is in the making still, 10180 is the key level to watch ebay hermes h bracelet unboxing nerf
on a closing basis.

Fundamentally, nothing has changed. If anything markets just got more expensive. Historically hermes birkin elevated valuations will continue to keep bulls on their toes. Complacency cannot be tolerated at this levels. Time is ripe for a black swan event. Liquidity fueled rallies do not bode well for investors and this seems hermes h belt to be the most hated bull market. P/E is still astonishingly high and continues to stay there around the 25x multiple. Result season is underway and it seems that Nifty will decide a trend based on these results.

Globally, minor unrest continues as North Korea keeps the world and its neighbors on their toes. Kim is giving sleepless nights but none of that has boiled down to the prices. DOW continues to scale all time new highs. 23k has come – something that nobody had foreseen. Liquidity is abundant and interest rates are low giving this rally fresh room to scale new highs.

Sector watch – Infra looks promising. Keep an eye on the Nifty Infra index and its components. Some of them are near crucial resistance. A break out is on the cards. Nifty metals seem the strongest but slightly over heated index. Metals must pause. Bank is the ugly kid on the block. Nifty Bank does click here not look in a hurry to scale new highs while Nifty has. Unless this divergence closes, rally will not be clean.

Weekly Markets Sentiment_14.10.2017

Markets ended on a strong footing for the week. It was early diwali on the streets as Nifty broke its previous high and was 9 points shy to hit 10200. The close is an all time high close for Nifty. Sentiment has been strong ever since the IIP and CPI numbers came out. Nifty sits strong at 10167 with its eyes firmly set on a final ebay hermes h bracelet unboxing nerf
break out attempt. This will be markets 3rd attempt at 10170+ levels.

Technically speaking Nifty is looking good with a gap up opening on daily charts. Undercurrent seems strong enough to warrant a fresh rally. A close above 10200 will confirm 9700 zone to be an intermediate bottom, may be a pattern hermes outlet
of double bottom will be in place. Still early days but technically Nifty does look good for fresh intraday spikes above 10200. Sustaining a close above this hermes h belt will be a thing to watch. Divergence continues as Nifty Bank is yet to take out its highs and Sensex is still a few points shy for an all time high.

Fundamentally, nothing has changed. Markets are still over valued. Multiples continue to be at all time highs across the board. Also FII continue to dump in cash markets, and DII continues to mop up supply with the dry powder it is sitting on. IPO market frenzy continues as people flock towards high valued IPOs. RIL came in with decent but doubtful results. The stock will react on Monday. It will be a wait and watch game as results season kicks in the coming days and weeks. This is will be the litmus test for all major companies and the market as a whole.

Globally DOW continues to be strong and over bought. Charts indicate a reluctant history where the market has risen almost all year around. Other parts of the world have a similar phenomenon. Barring a few local issues such as Brexit for UK and Catalan crisis for Spain, world seems a quieter place for now. But who knows when Kim strikes.

Banks are finally looking to lead this break out. Far from its new highs, one can bet on banks in the coming weeks. Nifty bank does seem it will test last highs if not break it. This year and season’s favorite metal stocks should see some traction continuing. Nifty metal looks to continue to scale new highs. Nifty energy will be one index hermes birkin bag to watch. Reliance should lead followed by HPCL. One can look at momentum bets in this index.

Morning Business News Round Up_Oct 13,2017

Morning Business News :

  • RBI’s strict KYC norms to keep e-wallets safe
  • Idea, Voda may offer 4G smartphones after Jio, Airtel
  • Banks to set aside Rs 3.3L cr as NPA provisioning
  • Tata Teleservices hermes replica belt
    to sell wireless mobile biz to Bharti
  • 4 metros to gain $7.2 bn/yr on digital payment boost
  • SC asks banks not to sell pledged Fortis shares
  • IndusInd Bank posts 25% YoY surge in Q2 profit
  • RBI proposes currency trading platform for retail customers
  • IIP recovers to 4.3% in Aug, retail inflation steady at 3.28% in Sept
  • Sebi may reduce hermes h bracelet time to file ebay hermes h bracelet unboxing nerf
    consent pleas
  • Bitcoin trades above $5,000 for first time ever, up 7%

Image result for Bitcoin

  • Real estate might soon hermes h belt be under GST: Arun Jaitley
  • US jobless claims fall to more than one-month low
  • ‘India’s per capita energy consumption to double in next 6-7 years’
  • World Bank President lauds Modi’s reform agenda
  • India, Mauritius back to negotiating free trade pact
  • TCS net profit slips 2% to Rs. 6,446 cr in Q2
  • Mutual funds log Rs. 2 lakh cr inflows in April-Sept FY’18
  • Prakash Industries bags additional coal linkage for 5 years
  • LIC makes Rs8,000 crore bid in GIC Re IPO
  • Reliance Industries’s Q2 results to get a boost from refining business
  • Kumar Mangalam Birla may tap markets amid telecom shakeout
  • Govt relaxes guidelines for atomic mineral mining in coastal regions
  • JNPT container traffic rises 6% in April-September period
  • SoftBank hits 17-year high amid Japan rally, Sprint talks
  • Paytm eyes 5-fold growth in gold sales in Dhanteras, Diwali
  • Allianz, Shapoorji Pallonji partner to invest in office market
  • FM Arun Jaitley says Indian economy undergoing challenges, not crisis
  • China says EU, US trade moves lack awareness of WTO rules
  • RBI sets rupee reference rate at 65.1003 against US dollar
  • Government tempers daily price revision of petroleum products
  • Slowdown is real but not sure of causes: PM’s panel
  • Indian carriers eye flying slots of Qatar Airways at Dubai
  • Corporates may report dip in profits for second quarter

Weekly Markets Sentiment_07.10.2017

Markets closed firm for the week. Nifty was up almost 2% and is in striking distance of reclaiming 10k for the third time. Global markets stability and liquidity ensured markets remained stable throughout. Result season is about to kick in. RBI held rates unchanged and sighted a stricter environment. The policy was a non event altogether. Growth concerns were flagged however undertone was mildly positive. Sentiment has stabilized around our own markets. The scare of breaching 9700-9600 zone has temporarily subsided.

Technically speaking, Nifty is far from its resistance zone. Cannot be considered safe yet as still good 200 points need to be scaled. On the positive note Nifty is 200 points away from its recent lows of 9680. It has successfully tested and bounced back.  Momentum is still to reverse technically speaking but looks like markets could be headed higher to test 10100 on the Nifty. Immediate resistance stands at 10040 levels where Nifty should take a pause.

Fundamentally, nothing has changed. Multiples and valuations continue to remain stretched. Liquidity hermes belts is abundant and hence market corrections are being bought. Small and mid-caps continue their dream run. When will the tap run dry? This is anybody’s call. India has recently under-performed its global peers. FII’s continue their cash selling spree. However, they have bought a lot of stock and index futures going into the new October expiry. Cash selling continues and is equally countered by local fake hermes belt
DIIs and MFs who seem to be having access to unlimited capital.

Globally DOW had a decent week. Bulls rampaged as it kept scaling new all time highs. DOW sits pretty at 22600+. US presidents tax reform proposals have sent a fresh wave of buying across US markets. Bulls have got yet another reason to party and justify valuations. North hermes belts Korea for now seems to have calmed down, but one reckons only for now.

Sector wise, as pointed out Metals are strongest in the lot and they proved to be. Nifty metals have hit 3700+ and is likely to scale new peaks as globally commodities have a good time. One can trade momentum in Nifty Metal constituents. Nifty Energy seems to be on a roll. Keep an eye out for energy plays and the index will look to test its early peak of 13650+. OMC’s will be in the news and should be looked at for buying the dips. Pharma looks on track to hit  new highs as Nifty Pharma on back of support given by Sun should test 9800. Nifty Bank will continue to be the make-break index. It is clearly struggling to gain momentum. 24300, if taken out can give it fresh legs. Unless ebay hermes h bracelet unboxing nerf
that happens it will drag the sentiment down.

Weekly Markets Sentiment_30.09.2017

Markets ended 2% down from previous weekly close. The 2 weeks leading to September ending have not thrown up good signals. Sentiment has gone for a toss. Weakness continues across the markets. No one has to guts to buy the dips. Nifty poloponynetwork.com is down 3-4% from it’s all time highs. Sensex perhaps never made a significant top. Divergence has been magnified all across the places. Expiry week lived up to its expectations.

Technically speaking. Nifty is in a bad shape. 9900 is the crucial first level it needs to cross to stem the sell on rallies strategy. 9883 being the daily chart 50 day EMA should be reclaimed. On the positive note, 9685 was the key level from where the Nifty bounced to reclaim the top. This was August 2017. In the recent downturn the markets reversed from 9687. However Nifty is not decisively safe as it’s just hermes h belt 1% away from its low. This can be categorized as a dead cat bounce and not a buying spree.

Fundamentally speaking, multiples are still stretched. Nothing has changed hermes h belts substantially. FII selling is relentless. DII buying is relentless. Time will tell who has the last laugh. History tells us its going to be FIIs. Economy is struggling – mixed data points, noise of a political instability, doubts being cast on the ability of the incumbent ebay hermes h bracelet unboxing nerf
government are weighing down. With the Q2 FY17 closed, all eyes will be on the results season which will kick-start soon. This seems to be the deal breaker quarter.

Globally, Korea v/s the world noise seems to have lowered as bit. As of now. Dow is stable and so are global markets supported by lack of negative triggers and bundle of liquidity. Commodity space is seeing some traction as Crude is having one of the best runs in recent times.

Sector watch – keep and eye on Metals. As a space they seem to look strong. If the recent lows hold, Nifty Metal should be on its way to make a new high. Watch out for Auto Index and stocks. Given a robust performance they would show good positive traction. Nifty Bank is looking tricky. A breach of previous lows will accelerate momentum on the down side.