MY THOUGHTS ON NDA 2.0 DIVESTMENT AGENDA Why Government should not be in business of doing business ? Government has far higher spending power than private companies. So, government should really focus on investing and creation of large long term assets and then sell them to private companies. Use money for again creating fresh new…
November first half took traders by surprise when they saw sudden spike in Diesel cracks and sudden fall in Petrol cracks. You started seeing surge in gasoline inventories and that led to gasoline cracks to fall towards $1-2/bbl, lowest in last many months. Diesel cracks rose to about $19/bbl. Diesel cracks shielded weakness in GRMs…
Model Portfolio Stock #2: RELIANCE Industries CMP 1092. Dated: July 18, 2018 Reliance Industries, is one of the most complicated stocks to write about as finding simple words to explain a large business indeed a difficult task. Complication is because of the diversified nature of the business. It is a vertically integrated company in energy…
Stock Markets have a tendency to price in most part of good or bad news in advance. Especially bulk of the bad news in advance. Thats what is happening with the fear prospects of Anti Euro coalition winning the Italian elections again. Italian Bond Rout Political Crisis in Italy has triggered sell off in…
My take on L&T Results : There are already lot of reports on L&T, so I wont talk much on the granular segmental numbers. So, lets keep it simple. We normally see results in positive light when company delivers profit higher than what street would be expecting from them. For top capital goods player, L&T,…
Rating Upgrade is a big event Moody’s rating upgrade and Positive Asia cues likely to lift the markets towards 10320-350 region. Positive outlook was always an indicator for FIIs but culmination into ratings upgrade will be seen positively Sustenance of Bank Nifty above 25000-25180 and buying in RIL, IT stocks will provide stability to markets…
How do I see Idea results ? Weak results What was In-line with estimates Widening of losses, 300 bps fall in EBITDA margins, fall in ARPU and realizations. What is concern ? Further fall in ARPU for Q3, Q4 after cut in IUC Potential increase in churn after increasing loss of subscribers from August Balance…
Short Build up in Nifty futures, Marginal Short Build up in Bank Nifty futures Traders looking for a limited downside till 10110-10150 Tentative Hedged bets are placed for a drift towards lower levels in #Nifty but with a limited downside Key Levels Nifty support 10110,10150 resistance 10320-350, 10500 Bank Nifty Support 25200 resistance 25520, 25950 Stocks…
Markets set for a cautious start due to negative global cues and weak commodity trade Traders turned bullish on Nifty with addition of long futures and bullish option spreads Traders betting for breakout towards 10100 but still see limited upside. Participation from Bank Nifty is still needed for large upside on Nifty Nifty support 9800,…
Net Bullish positions added in Nifty futures and options yesterday Market breadth and volumes were positive, action is in midcaps and smallcaps Traders are deploying strategies for breakout in the result season 9800 Put and 10100 call currently qualify for Strangle Strategy Nifty support 9700,9820 and resistance at 9950 Bank Nifty support 23800 resistance at…