The focus should always be on asset allocation. For goals that are long term, we continue to maintain equity as a preferred vehicle, says Harish Krishnan of Kotak Mahindra
While the weekly strength indicator RSI is moving upwards, momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term
Looking ahead, trade deal between US and China, UK’s formal exit from European Union commonly known as Brexit and geo-political tensions, will guide the metal’s near-term outlook.
After the recovery of 600 points better trade with Bull Call spread like buying 11650 Call and selling 11800 Call, which could be a better strategy at this time to be with market momentum even at higher levels by paying less premium amount comparatively.
A healthy economy would sustain only with a further improvement to these and a place where people can completely trust the banking channels again.
We believe that in the current scenario, 'Delta neutral with Vega and Theta diminishing strategy' should be adopted as the next week is truncated
Risk taking ability for equity investment is improving in the market with optimism over recovery in the economy led by stimulus, festive demand, good monsoon and lower interest rate
Gold is range bound as market players have turned cautious awaiting more clarity on major issues
Always remember that a compensatory position added to any existing trade to aide profitability will always come at a cost and it can only restrict negative impact and not reverse it
Feeble global economic outlook, intensifying trade war tensions between the US and China, hopes of policy easing from major central banks, Brexit and other geopolitical tensions lifted the yellow metal’s traditional safe-haven demand.
Investors however can follow some basic principles and rules that may help them in navigating price volatility during earnings season.
China will remain the driving force of global aluminium prices. If the trade tensions and global microeconomic headwinds continue, prices would remain under pressure
In the Nifty October monthly expiry options, maximum open interest for Put is seen at strike price 11,000 followed by 11,200; while for Call maximum open interest is seen at 11,500 followed by 12,000.
Amid concerns of slow global economic growth and demand for crude oil in 2019, burgeoning fuel consumption in India may underpin global oil prices
FII strong inflow in the market has already lead to Rupee appreciation and we expect bullish trend to continue in the stock market & positive sentiments to remain strong.
Agencies like IMF have reduced their global growth forecast for this and next year primarily due to the US-China trade war, which has spurred gold’s safe-haven demand
General election is expected to bring in a bit of comfort. It could be said as a big upcoming event for the market. However, tension in Indo-Pak tensions on the other end would embark a stagnant market
For the next week, Nifty has strong support at 10,720-10,645 and resistance at 10,855-10,940