Expect stocks to move up: Anagram

According to Anagram Research report, stocks could run upstairs first thing in the morning, comforted by a plunging crude, which fell the highest in dollar terms, since January 17, 1991. 

Anagram Research report:

Stocks could run upstairs first thing in the morning, comforted by a plunging crude, which fell the highest in dollar terms, since January 17, 1991. While the Dow's triple digits gains have more to do with the clarification from the housing regulator that the requirement to raise additional capital may not apply to Government sponsored companies  (Fannie Mae  and Freddie Mac).

Politics will continue to be a moderator for the markets. As the media stops and asks questions to anyone sporting a beard  or wearing a white pyjama-kurta, there will be lot of unnecessary noise, which you need to cut out. A section of the media reports that a special session of the Lok Sabha may be called on July 20 or 21 for the trust vote. We should wait for a formal word from Rashtrapati Bhavan on this. All the puts that you have bought, will be relevant if the trust vote is concluded before 3.25 pm on last Thursday of this month. The usual decay that accompanies put premium will not happen in this case. We have seen follow up buying happening in the engineering sector and some power stocks, which augurs well for market confidence. The strategy would change if the trust votes shifts to the next settlement.

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