My report after sept series for coming rate cut and oct series�
Date - 26-9-15
As said in last report markt can touch 7400...but it just miss the targt ..went to 7535
But targt is still intact...
Now coming to RBI rate cut..
Honestly felt it had mostly two choices to cut down stimulus by 25 bps or to delay that..
Mostly there are chances for 25 bps as per strong inflation data..
If this happens markt cn go into red..
As evry1 is expctng a rate cut..so it has been discounted already...
But on the other hand if they dont cut they rate with some hawiksh tone as in the last meeting too...saying for the monsoon which was 13% less than the normal.. Then we cn expct a deep red day...
Many people are also expctng a 50 bps rate cut...this is next to impossible...but if this happens...markt can fly to 200-250 points in a single day..
The main thing is to look what targets rajan gave for inflation 2017 and about fiscal deficit..
I believe that gdp forecast can be kept unchanged..but if it decrsed as the lst gdp were low..if the targt is markt to 7 or u can say 7.5%..thn a sure shot 300-350 points fall is to be seen..
The words are more important than rate cut..because in india we manly trade on sentiments rather than being practical
Now coming to fed...fed is just finding excuses to postpone rate hikes..like world economy etc...
US GDP data rose at 3.9% up from the 3.7%�
Fed can take a clue from this to hike the rates..as the economy has grown to manage the rate hikes..
My personal views are that corrction is not still over and also it will be india's economy will be hit by china time to time...
M saying this time recession will be from china's side for sure..
M still stick to my targets of 7200 nifty and i think market can again fall for 800 points in a few day easily...and balle balle tgt is 6666 Jai Ram Ji KI
Date - 26-9-15
As said in last report markt can touch 7400...but it just miss the targt ..went to 7535
But targt is still intact...
Now coming to RBI rate cut..
Honestly felt it had mostly two choices to cut down stimulus by 25 bps or to delay that..
Mostly there are chances for 25 bps as per strong inflation data..
If this happens markt cn go into red..
As evry1 is expctng a rate cut..so it has been discounted already...
But on the other hand if they dont cut they rate with some hawiksh tone as in the last meeting too...saying for the monsoon which was 13% less than the normal.. Then we cn expct a deep red day...
Many people are also expctng a 50 bps rate cut...this is next to impossible...but if this happens...markt can fly to 200-250 points in a single day..
The main thing is to look what targets rajan gave for inflation 2017 and about fiscal deficit..
I believe that gdp forecast can be kept unchanged..but if it decrsed as the lst gdp were low..if the targt is markt to 7 or u can say 7.5%..thn a sure shot 300-350 points fall is to be seen..
The words are more important than rate cut..because in india we manly trade on sentiments rather than being practical
Now coming to fed...fed is just finding excuses to postpone rate hikes..like world economy etc...
US GDP data rose at 3.9% up from the 3.7%�
Fed can take a clue from this to hike the rates..as the economy has grown to manage the rate hikes..
My personal views are that corrction is not still over and also it will be india's economy will be hit by china time to time...
M saying this time recession will be from china's side for sure..
M still stick to my targets of 7200 nifty and i think market can again fall for 800 points in a few day easily...and balle balle tgt is 6666 Jai Ram Ji KI