Earnings season in focus , Nifty and the Rupee
As Earning Season kicks of next week , many of us anticipating how the results will be , with economy struggling to grow i dont think so numbers will be good enough .
Markets may at best consolidate around the current levels as earnings reports, which are not expected to spring any positive surprises, would be in focus during October while the general elections would become the main focus in November or April next year .
Nothing much to speak with Mr Rajan surprised markets in his maiden policy review last week by raising interest rates to ward off rising inflation, while scaling back some of the emergency measures recently put in place to support the ailing rupee.
From a medium to short term view markets may not perform in the current months , with not good expected results from corpororates , falling rupee , inflation and widening deficit .
The US economy is showing signs of improving and the Federal Reserve continues to propel QE3 at $85B/month.With economists predicting an improvement in employment numbers next week , this will impact the dollar and will be a setback to emerging economies and money will now flow the other way round
Market Strategy
I am short on Nifty from 5900 SL @6000 on weekly close , expected to drift till 5500 . In case it drops sharply in a day or 2 i will book proficts and come out of my position
Short on EURUSD @1.3520 (mostly avoid taking positions end of the week).
Till then happy investing and will keep you updated in my next post
Markets may at best consolidate around the current levels as earnings reports, which are not expected to spring any positive surprises, would be in focus during October while the general elections would become the main focus in November or April next year .
Nothing much to speak with Mr Rajan surprised markets in his maiden policy review last week by raising interest rates to ward off rising inflation, while scaling back some of the emergency measures recently put in place to support the ailing rupee.
From a medium to short term view markets may not perform in the current months , with not good expected results from corpororates , falling rupee , inflation and widening deficit .
The US economy is showing signs of improving and the Federal Reserve continues to propel QE3 at $85B/month.With economists predicting an improvement in employment numbers next week , this will impact the dollar and will be a setback to emerging economies and money will now flow the other way round
Market Strategy
I am short on Nifty from 5900 SL @6000 on weekly close , expected to drift till 5500 . In case it drops sharply in a day or 2 i will book proficts and come out of my position
Short on EURUSD @1.3520 (mostly avoid taking positions end of the week).
Till then happy investing and will keep you updated in my next post
Comments
Post a Comment