Thought for the day
"You have your way. I have my way. As for the right way, the
correct way, and the only way, it does not exist."
-Friedrich Nietzsche (German, 1844-1900)
Word for the day
Ballyhoo (n)
A clamorous and vigorous attempt to win customers or
advance any cause; blatant advertising or publicity.
(Source: Dictionary.com)
Malice towards none
Now since
the government has agreed to the Congress's land law, why not agree to their
GST Bill also, so that at the least the ball is set rolling.
Changes
could be done later at a convenient point in time.
NIFTY: good times ahead
The Indian market is expectedly moving in a narrow range lacking
momentum to break out on either direction. Last week also despite Nifty failed
to break sustain any up move.
The current level of momentum is indicating that the market may
remain stuck in this range for few more trading sessions.
A positive signal from market is provided by the Crude-Sensex
relative chart. Historically, the crude prices have led the market higher or
lower with a lag of few months.
The current sharp fall in crude prices which is expected to
continue for some more time may potentially lead the markets to much higher
levels than present.
As per the past trends, other things remaining the same, the
Indian benchmark indices should track the current correction in crude prices
during October 2015 - March 2016. Even if the international crude prices remain
at the current level, benchmark indices may gain 10-14% in next 9months.
The key to watch would be any sharp fall in INR vs. USD and/or
material rise in bond yields.
Politics and legislative business is assumed to remain poor in these
assumptions.
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