YESTERDAY WE SAW THAT IIP DATA CAME BELOW THE EXPECTATION, MARKET WAS EXPECTING THAT IT WOULD BE @ 6.9% BUT IT CAME @ 4.1%, AND ANOTHER BIG EVENT WAS IS JAN IIP ALSO REVISED @ 1.1% FROM 6.8% WHICH WAS VERY SHOCKING NEWS. ALL THESE THINGS ARE CLEARLY SHOWING THAT SOMETHING IS THERE NEGATIVE WHICH SHOULD BE AND IT WILL AFFECT ON THE INDIAN ECONOMY BADLY, AND WE ALSO SAW BETWEEN ALL THESE MARKET WAS EXPECTING A RATE CUT BY RBI TO SUPPORT GROWTH FACTOR AND IIP ALSO THAT'S WHY MARKET DID NOT BECOME NEGATIVE AND MADE HIGHER AND HIGHER TOP, ANOTHER REASON WAS GLOBAL MARKET WAS ALSO SUPPORTING, YESTERDAY ALL THE GLOBAL MARKETS ARE TRADING HIGHER ON UPSIDE THAT'S WHY WE ARE SEEING THE EFFECT OF THIS POSITIVENESS IN THE MORNING SESSION IN ASIAN MARKET ALSO, BUT NOW TODAY AFTER POSITIVENESS OF TWO DAYS, NOW GLOBAL MARKET IS TRADING NEGATIVE, DOWJONS STILL TRADING WITH -20 POINTS DOWN, NASDAQ 100 FUTURE, S&P 500 FUTURE AND FTSE 100 INDEX ALSO TRADING NEGATIVE.
IF LOOK ON US BOND AND US NOTE WHICH IS TRADING POSITIVE WHICH IS CLEAR INDICATING THAT TODAY AMERICAN MARKET WILL BE TRADING NEGATIVE, IF LOOK UPON CRUDE AND OTHER COMMODITIES THEN AFTER SHARP RALLY IN ALL THESE ALSO TRADING NEGATIVE TODAY, CRUDE OIL IS TRADING NEGATIVE @ $103.27, -0.38% DOWN, COPPER @ USD/ILB 3.67, -0.82% DOWN, SILVER @ $32.22, -0.40% DOWN.
SO OVERALL PICTURE FOR INDIAN MARKET IS RBI RATE CUT IS THE ONLY TRIGGER FOR THE MARKET TO GO ON UPSIDE, BUT WE ARE EXPECTING THAT RBI FIRST PRIORITY IS TO CONTROL THE INFLATION NOT TO SUPPORT GROWTH, IF INFLATION DATA COMES HIGHER THAN RBI WILL NOT CUT THE RATE AND MARKET WILL REACT ACCORDINGLY. AND WANT TO NOTIFY FORM LAST SOME TRADING SESSIONS FIIs AND DIIs ARE ON THE SAME TRACK.
POOR IIP DATA OF FEB 2012 4.1@ AND REVISING THE JAN 2012 IIP DATA ON DOWN SIDE TO 1.1 FROM 6.8 IS BAD FOR THE ECONOMY
IF LOOK ON US BOND AND US NOTE WHICH IS TRADING POSITIVE WHICH IS CLEAR INDICATING THAT TODAY AMERICAN MARKET WILL BE TRADING NEGATIVE, IF LOOK UPON CRUDE AND OTHER COMMODITIES THEN AFTER SHARP RALLY IN ALL THESE ALSO TRADING NEGATIVE TODAY, CRUDE OIL IS TRADING NEGATIVE @ $103.27, -0.38% DOWN, COPPER @ USD/ILB 3.67, -0.82% DOWN, SILVER @ $32.22, -0.40% DOWN.
SO OVERALL PICTURE FOR INDIAN MARKET IS RBI RATE CUT IS THE ONLY TRIGGER FOR THE MARKET TO GO ON UPSIDE, BUT WE ARE EXPECTING THAT RBI FIRST PRIORITY IS TO CONTROL THE INFLATION NOT TO SUPPORT GROWTH, IF INFLATION DATA COMES HIGHER THAN RBI WILL NOT CUT THE RATE AND MARKET WILL REACT ACCORDINGLY. AND WANT TO NOTIFY FORM LAST SOME TRADING SESSIONS FIIs AND DIIs ARE ON THE SAME TRACK.
POOR IIP DATA OF FEB 2012 4.1@ AND REVISING THE JAN 2012 IIP DATA ON DOWN SIDE TO 1.1 FROM 6.8 IS BAD FOR THE ECONOMY
No comments:
Post a Comment