Sensex falls by 61.74 points.
Crude oil,Gold,Silver,Copper etc cheaper.hence the following stocks may be good:-
1.Refining
2.Those using Crude or its derivatives as feed
3. Jewelery
4.Power
5.Electrical items,like makers of copper winding,Motors etc
6.BDI $ 1201 ;ABOVE 200 DMA 801.79
7.IMF has postponed the renminbi's ,being included in the SDR Basket to September November 2016.
8.Brent $ 49.42 /bbl
Some negatives for the Indian Stocks:-
i)Credit may pick up ONLY by March 2016,as per SBI CEO
ii)The so-called "reforms",are being delayed.
iii)Public Sector banks stare at huge NPAs.Rs 5.5 Lac crores.
iv)State Discoms in troubble.
v)Realty in trouble due to high rates and low liquidity.
vi)many IPOs will reduce Liquidity.
Crude oil,Gold,Silver,Copper etc cheaper.hence the following stocks may be good:-
1.Refining
2.Those using Crude or its derivatives as feed
3. Jewelery
4.Power
5.Electrical items,like makers of copper winding,Motors etc
6.BDI $ 1201 ;ABOVE 200 DMA 801.79
7.IMF has postponed the renminbi's ,being included in the SDR Basket to September November 2016.
8.Brent $ 49.42 /bbl
Some negatives for the Indian Stocks:-
i)Credit may pick up ONLY by March 2016,as per SBI CEO
ii)The so-called "reforms",are being delayed.
iii)Public Sector banks stare at huge NPAs.Rs 5.5 Lac crores.
iv)State Discoms in troubble.
v)Realty in trouble due to high rates and low liquidity.
vi)many IPOs will reduce Liquidity.
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