*Market Mantra: 20/03/2017 (08:30)*
*SGX-NF: 9160 (-8 points)*
*Watch 9195-9115/9075 & 9235-9275 Zone In Nifty Fut (March)*
As par early SGX indication, Nifty Fut (March) may open around 9160,
almost flat following tepid global cues as overnight US market closed
weak as Fed rally fizzles and USD also failed to recover as US economic
data was mixed. Also, there was immense confusion over the fate of
Obamacare and actual shape of “Trumponomics”. Over the weekend, G-20
meet also failed to yield any firm result as there was no official word
about trade protectionism stance being taken by the world’s no one
economy (US); although there was some word against currency manipulation
by some of the alleged countries (EU/Japan/China etc). Thus, influence
of US policy may be evident in the G-20 meet and it’s not great for the
globalization.
Back to home, after big win of BJP in UP, a new CM was appointed over
the weekend after intense speculation over various names. Market may be
expecting someone technocrat like Manoj Sinha; but selection of Yogi
along with two other deputies may also keep the investors cautious as it
may indicate that BJP will be more concerned about its hinduvta agenda
for the UP politics, eyeing for 2019 general election; Govt’s reform
initiative may be seen as sitting on the backburner, although it may be
politically correct for the BJP. But at the same time, it may be also
too early to take such conclusion.
All eyes may be also on the real progress of GST as it may be real by
July’17, although time is very short and an appropriate implementation
may be a challenge both for the Govt and the industry/traders.
PSBS may be also in focus after Govt’s decision for selective
recapitalization for it based on some strict performance criteria.
*Hints for actionable trading idea:*
*Time & Price action suggests that, Nifty Fut (March) has to sustain
over 9215 area for further rally towards 9235-9275 & 9350-9425 for the
day/ in the short term (under bullish case scenario).*
*On the other side, sustaining below 9195 zone, NF may fall towards
9130/15-9075 & 9035-8995 area for the day/ in the short term (under bear
case scenario).*
*Similarly, BNF has to sustain over 21400 area for further rally towards
21500-21675 & 21855-21950 area for the day/ in the near term (under
bullish case scenario).*
*On the other side, sustaining below 21350 area, BNF may fall towards
21140-21000 & 20900-20750 zone for the day/ in the near term (under bear
case scenario).*
<https://2.bp.blogspot.com/-Gxl11tkbPeY/WM9QZLr8T-I/AAAAAAAAK98/-vqavlbeHTctLdo9Ifq47ypDv5WYUSNQwCLcB/s1600/SGX-NF-20-03-2017.png>
SGX-NF *
*
--
Thanks & Regards,
Asis Ghosh
--
Kindly email stock reports at
STOCKRESEARCHER@googlegroups.com
For sharing knowledge
-- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE.
http://www.niftyviews.com/
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture.The administrator of
www.Niftyviews.com just provide a platform for the authors to express their opinion
and take no guarantee for the genuineness of the same."ANY member of this forum
doesnt prepare or publish any research report; or ii. provide research report; or
iii. make 'buy/sell/hold' recommendation; or iv. give price target;
---
You received this message because you are subscribed to the Google Groups "Niftyviews.com" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to stockresearcher+unsubscr...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.