Morning Bells (15 Mar 13)

Good Morning Friends.

Zindagi Tasveer bhi hai aur Taqdeer bhi, farq to rango ka he, manchahe rango se bane to Tasveer aur anjane rango se bane to Taqdeer.

Inflation figure came neutral, infact it was positive for the month of March as compared to YoY basis but many participant thought market is going down due to inflation figure but mainly that fall was due to sting operation news of one website.

Markets slipped sharply in early trades after a sting operation stated that the major Indian private sector banks were blatantly running a huge nation wide money laundering racket. However, post the clarifications from the leading private banks, the Nifty and the Sensex bounced back sharply lifting the NSE Nifty above the 5900 mark.

The Indian stock market bounced back sharply on Thursday ignoring rising inflation data. The annual rate of inflation, based on monthly WPI, stood at 6.84% (Provisional) for the month of February, 2013 (over February, 2012) as compared to 6.62% (Provisional) for the previous month and 7.56% during the corresponding month of the previous year.

ICICI Bank, Axis Bank recovered in the latter part of the day after Cobra sting. ICICI Bank and Axis Bank stocks closed up 2.7% and 0.8% respectively after falling in the early part of day after cobrapost.com alleged the banks to be involved in countrywide money laundering. The banks along with HDFC Bank were alleged to be flouting several provisions of the Income Tax Act, FEMA, RBI regulations, basic KYC norms, the Banking Act and Prevention of Money laundering Act (PMLA).

Gainers – RIL,  Infosys, TCS, HDFC Bank, ONGC, Tata Motors, ICICI Bank, HDFC, Hero MotoCorp, Maruti,  Jindal Steel, Tata Steel were among gainers in Sensex and Nifty.

Losers - Wipro, Gail India, Bajaj Auto, Sun Pharma, Bharti Airtel were the major losers in Sensex and Nifty.

Sectoral - S&P BSE Bankex closed up 2.24% while S&P BSE Realty was up 2.20%, top stocks in the Banking segment remain SBI which went up by 3.5%, HDFC (2.28%), ICICI Bank (2.29%), IndusInd Bank (1.7%), Kotak Mahindra Bank(1.27%).

On Domestic Front –

1.

The Oil & Gas stocks were in action after media reports stated Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paisa a litre from March 15-16.

On Global front –

1.

US credit rating agency, Standard & Poor's may revise India's outlook to "stable" from "negative" if the government implements initiatives to reduce structural fiscal deficits, according to reports.

S&P reported downgrade is likely if India's economic growth prospects dim, external position deteriorates, political climate worsens.

=====================  MARKET OUTLOOK  =====================

As told on Tuesday that PCR at 1.35 isn’t good signal for market, CPI also diluted hopes of rate cut and y’day we had seen the impact of that.

The INDIA VIX on NSE slipped 9.5% and ended at 14.66 against previous close of 16.20.

FNO PCR is 1.34 against previous close 1.30. - ITS NOT GOOD SIGN FOR NEAR TERM.

Indian Rupee – Rupee declined by 17 paisa and was trading at 54.47 against its previous close of 54.30.

S&P 500 (US) was trading at 1560.67 down 6.15 then its previous close at the time of writing M Bells.

=======================  NIFTY OUTLOOK  ========================

Technically, Nifty extended its weakness and closed below its 100-DMA (5,857), confirming a breakdown in the index after last week’s recovery. The undertone remains cautious and there is no point to taking any risky bets ahead of the RBI policy meet next week

As per current outlook Nifty range is 5600 on downside while upside is 6200.

Intraday Resistance – 5920 – 5955 – 6002 and Support – 5827 – 5795 – 5745 (Pivot 5873)

Weekly/Monthly Resistance – 6333 – 6143 – 6044 and Supports – 5755 – 5664 - 5466

Opening – Seems flat and seems range bound session. On upside major resistance 5910 / 5925 / 5950

========================  STOCK OUTLOOK  ======================

(Stock outlook needs to watch stock movement carefully and then one can bet after having a look, I tried to put related info which will help you in taking positions.)

BGR Energy –

BGR Energy Systems gained by 1.1%. The company has reportedly exited a Rs8bn contract for supplying power equipment to NTPC's upcoming 1,600 MW Darlipali project in Odisha, on grounds of project no advancing.

HPCL –

Hindustan Petroleum Corporation signed a memorandum of understanding (MoU) with Rajasthan government for setting up a 9 MMTPA refinery-cum-petrochemical complex in Barmer, Rajasthan. The project would be set up as a partnership of HPCL and Rajasthan State Refinery Ltd. (RSRL) and others. The project would be set up at a cost of Rs. 372.30bn.

Banking Sector –

ICICI Bank and Axis Bank stocks are trading up 2.7% and 0.8% respectively after falling in the early part of day after cobrapost.com alleged the banks to be involved in countrywide money laundering. The banks along with HDFC Bank were alleged to be flouting several provisions of the Income Tax Act, FEMA, RBI regulations, basic KYC norms, the Banking Act and Prevention of Money laundering Act (PMLA).

ICICI Bank stock is up 2.3% currently trading at Rs.1112. The stock touched a high of Rs.1114.45 and a low of Rs.1060.10. Total traded quantity at the counter stood at 5.34lakh on BSE.

Axis Bank stock is up 0.8% currently trading at Rs.1358.60. The stock touched a high of Rs.1366 and a low of Rs.1300. Total traded quantity at the counter stood at 4.39lakh on BSE

Infy –

Infosys is planning to spend the cash either by buying other companies or returning money to investors, according to reports.

The largest acquisition by Infosys was last year when it bought Swiss enterprise software consultancy Lodestone for about $350 million, or Rs 1940 crore

Sugar Sector -

Union Minister of Agriculture Sharad Pawar yesterday said that sugar output is likely to decline to 24 million tonnes(MT) next year owing to low sugar output in Maharashtra.

Pawar was quoted by reports as saying "This year, we are expecting 24.5 million tonnes of sugar production. Next year, it will be 24 million tonnes. The set back will be in Maharashtra,".

Owing to a second consecutive year of poor rains, planting has not begun in the state of Maharashtra, the largest sugar producing state in the country. Due to an ongoing draught situation in the state the government has decided to save water for drinking purposes and not for supply to crop plantations.

NALCO –

Giving a steep discount of nearly 10 percent, the government today fixed Rs 40 a share as the floor price for up to 10 per cent stake sale in aluminium major Nalco , which would fetch a minimum of Rs 1,031 crore

==================== OPEN CALLS ====================

# Please remember when I make special remark with any position then one should need to take care of that else you can make loss instead of profit.

# Be with strict SL and don’t hesitate to book even small profit if Nifty doesn’t shows strength.

Renuka Sugar 30CE – bought @0.8 (1 Lot) SL 0.45 TG 1.25+ (Active from 12 Mar 13)

Exited @0.7, booked loss of -800

=============== INVESTMENT BASKET ===============

(Stock in this section is with view of 3 months to 1 year)

Mahindra Holiday – @334 TG 375+ (Active from 15 Dec 12)

Satyam Computer – @103 TG 130+ SL 112 (Active from 15 Dec 12)

On Mobile – @44 TG 60+ Updated SL 39 Qty 2K (Active from 01 Jan 13)

============ PL Sheet (started from Jan 2013) ============

(If someone find any error in PL, please draw our attention)

MG Blog Since Jan 13 (Total 36,850) + Mar 13 = +13,000 – 800 (Renuka Loss) = +12,200

Billionaire Club Since Jan 13 (Total 67,700) + Mar = +21,950 – 800 (Renuka Loss) = +21,150

Today’s MG Mantra –

Range bound to welcome.

Have a Profitable day – MG

Disclaimer –

1. I have shared my view as per my limited knowledge; please use your own skills to make a wise decision before execution of trade or consult your financial advisor.

2. Those that don’t have patience and are not willing to book loss also in cases don’t enter this market.

Morning Bells (14 Mar 13)

Good Morning Friends.

Nice Lines – Usako Ishwar ne sab kuchh diya kyunki use Ishwar par bharosa tha… muhje Ishwar ne kuchh nahi diya (except HUNAR) kyonki Ishwar ko mujh pe bharosa tha.

The Indian equity market ended near day’s low on Wednesday amid heavy sell off seen in scrips across the sector. Market participants preferred to remain cautious ahead of the monthly inflation data to be released on Thursday.

The NSE Nifty has declined by almost 130 points or 2.1% in the past three trading sessions. Today’s decline was led the Banking stocks, index heavyweights like SBI, ICICI Bank, Axis Bank and PNB were among the major laggards.

Gainers – ITC, Sun Pharma, Tata Power, Bharti Airtel, Coal India, Hindustan Unilever were among gainers in Sensex and Nifty.

Losers - RIL,  Infosys, TCS, Wipro, Bajaj Auto, HDFC Bank, ONGC, Gail India, Tata Motors, ICICI Bank, HDFC, Hero MotoCorp, Maruti,  Jindal Steel, Tata Steel were the major losers in Sensex and Nifty.

Sectoral - Barring the FMCG sector all the other major BSE sectoral indices ended in the red. Among the other major losers were Consumer Durables, PSU, Auto and the IT stocks. Even the Mid-Cap and the Small-Cap stocks were under pressure.

On Domestic Front –

1.

Finance Minister P Chidambaram has reportedly said that Core inflation has reduced to 4-4.5%.

Government is taking steps to bring down prices of food, says FM.

FM reported that they are seeking to tackle high prices, fiscal deficit.

On Global front –

=====================  MARKET OUTLOOK  =====================

As told on Tuesday that PCR at 1.35 isn’t good signal for market, CPI also diluted hopes of rate cut and y’day we had seen the impact of that.

The INDIA VIX on NSE surged 7% and ended at 16.20 against previous close of 15.13.

FNO PCR is 1.30 against previous close 1.35. - ITS NOT GOOD SIGN FOR NEAR TERM.

Indian Rupee – Rupee declined by 6 paisa and was trading at 54.23 against its previous close of 54.17/18.

S&P 500 (US) was trading at 1552.48 down 3.74 then its previous close at the time of writing M Bells.

=======================  NIFTY OUTLOOK  ========================

Technically, Nifty extended its weakness and closed below its 100-DMA (5,857), confirming a breakdown in the index after last week’s recovery. The undertone remains cautious and there is no point to taking any risky bets ahead of the RBI policy meet next week

As per current outlook Nifty range is 5600 on downside while upside is 6200.

Intraday Resistance – 5934 – 5914 – 5882 and Support – 5831 – 5810 – 5779 (Pivot 5862)

Weekly/Monthly Resistance – 6333 – 6143 – 6044 and Supports – 5755 – 5664 - 5466

Opening – Seems flat and can go for a bit under pressure and range bound till Inflation figure out.

========================  STOCK OUTLOOK  ======================

(Stock outlook needs to watch stock movement carefully and then one can bet after having a look, I tried to put related info which will help you in taking positions.)

RIL –

Reliance Industries is planning to expand investment in its telecom and retail businesses by up to Rs 65bn a year for the next five years, beginning April 1, according to reports.

Media reports say Reliance is in talks with AT&T to sell 25 per cent stake.

The part of the cash in the telecom business will be used to set up a tower company and the company is open to offer a part of the stake to a foreign partner, says reports

TM –

Tata Motors ended lower by 1.2% after Jaguar Land Rover reported global retail sales growth of just 3% after growing 32% in January’13. JLR sold 26,855 units in February. Sales in China which grew 80% in January saw a decline of 22% in the month of February.

ONGC–

Shares of ONGC slipped by 2.7% on Wednesday. The company is looking at hiring Reliance Industries' unused facilities on the east to quickly bring to utilized its discovered gas in the Krishna Godavari basin.

Hexaware –

Hexaware Technologies Limited, a leading global provider of IT, BPO and consulting services has today announced the inauguration of its third Global Delivery Center (GDC) in Saltillo, Mexico.

The inauguration was hosted by Hexaware executives; R V Ramanan, Executive Director & President - Global Delivery, and Amberin Memon, Chief People Officer and local Saltillo government officials and members of the media were invited. This expansion in the facilities will allow Hexaware to hire 85 IT engineers in the coming months to add to the current employee strength of 300 at the existing Software Development centers.

The new Development center will focus on providing IT services for clients in business segments such as Quality Assurance & Testing (QATS), Business Intelligence and Analytics (BI/BA), Remote Infrastructure Management Services (IMS) and domain-based offerings in Banking & Financial Services Vertical. Currently, the Global Delivery centers at Mexico serve over 30 customers and deliver over 100 active projects.

Systema –

Moody's Investors Service has today said that the result of a recent auction for mobile spectrum in India is creditpositive for Sistema JSFC (Ba3 stable) as it implies that the company will need to make only moderate additional investment to retain its business in India, while it also provides growth opportunities due to technological neutrality of the won spectrum.

On 11 March, Sistema's 57% subsidiary Sistema Shyam TeleServices Ltd (SSTL), a mobile operator in India, won the auction for mobile spectrum in the 800 MHz band in eight Indian circles, for a total consideration of $665 million. Of this total, $297 million is covered by SSTL's licence fees, which it has already paid. The remaining $368 million is to be paid in 10 equal annual instalments starting from 2016.

Bharti Airtel –

Bharti Airtel has reportedly said that its wholly-owned Nigerian subsidiary has acquired 13.36% additional stake in Nigeria's Airtel Networks.

With this acquisition, Bharti Airtel Nigeria B.V. owns 79.06% equity stake in Airtel Networks Limited, Nigeria, media reports said.

Airtel Network Limited holds telecom licence to provide services Nigeria.

The financial details of this transactions was not disclosed by the company.

NALCO –

The Finance Ministry today said the government's 12.5 per cent stake sale offer in Nalco will hit the markets on March 15, which could mop up around Rs 1,400 crore to the exchequer.

The share sale through OFS route will be held on Friday, Disinvestment Secretary Ravi Mathur told reporters here after a EGoM meeting.

The Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram met today and decided on the base price for the share sale. He, however, did not disclose the base price for the issue. The sale of 12.5 per cent stake, or 31.31 crore shares, of Nalco is expected to fetch around Rs 1,400 crore to the exchequer at the current market price.

==================== OPEN CALLS ====================

# Please remember when I make special remark with any position then one should need to take care of that else you can make loss instead of profit.

# Be with strict SL and don’t hesitate to book even small profit if Nifty doesn’t shows strength.

Renuka Sugar 30CE – bought @0.8 (1 Lot) SL 0.45 TG 1.25+ (Active from 12 Mar 13)

=============== INVESTMENT BASKET ===============

(Stock in this section is with view of 3 months to 1 year)

Mahindra Holiday – @334 TG 375+ (Active from 15 Dec 12)

Satyam Computer – @103 TG 130+ SL 112 (Active from 15 Dec 12)

On Mobile – @44 TG 60+ Updated SL 39 Qty 2K (Active from 01 Jan 13)

============ PL Sheet (started from Jan 2013) ============

(If someone find any error in PL, please draw our attention)

MG Blog Since Jan 13 (Total 36,850) + Mar 13 = +11,750 + 1250 (TCS Gain) = +13,000

Billionaire Club Since Jan 13 (Total 67,700) + Mar = +20,700 + 1250 (TCS Gain) = +21,950

Today’s MG Mantra –

Market will wait for Inflation figure.

Have a Profitable day – MG

Disclaimer –

1. I have shared my view as per my limited knowledge; please use your own skills to make a wise decision before execution of trade or consult your financial advisor.

2. Those that don’t have patience and are not willing to book loss also in cases don’t enter this market.

Morning Bells (13 Mar 13)

Good Morning Friends.

In this world nothing is impossible, if you see the word “Impossible” carefully, it itself says I M Possible. So its depend how you see the word (i.e. world).

After taking a pause in the previous trading session, markets further weakened and lost grip on Tuesday as the benchmark indices witnessed selling. Market participants reacted sharply to rising Consumer Price data and entirely ignored better than estimated IIP figures.

The annual inflation CPI (Combined) for February 2013 on point to point basis (February 2013 over February 2012) is 10.91%. The corresponding inflation rates (provisional) for rural and urban areas are 11.01 % and 10.84% respectively. The Industrial Production data for the month of January 2013 stood at 181.8, which is 2.4% higher as compared to the level in the month of January 2012.

This affected major event of RBI policy on 19^th March. While IIP data surprised positively with 2.4% growth in January, the CPI print of 10.91% for February disappointed. Both the datapoints dilute the market hope of a 50bps rate cut by RBI in the monetary policy early next week.

The Index of Industrial Production (IIP) for the month of January 2013 stands at 181.8, which is 2.4% higher as compared to the level in the month of January 2012. The cumulative growth for the period April-January 2012-13 over the corresponding period of the previous year stands at 1.0%.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2013 stand at 134.0, 193.7 and 160.7 respectively, with the corresponding growth rates of (-) 2.9%, 2.7% and 6.4% as compared to January 2013 (Statement I). The cumulative growth in the three sectors during April-January 2012-13 over the corresponding period of 2011-12 has been (-) 1.9%, 0.9% and 4.7% respectively.

Gainers – RIL, Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Jindal Steel, SBI, Gail India, ONGC, Dr Reddy’s Lab, ITC were among gainers in Sensex and Nifty.

Losers - Infosys, Wipro, TCS,   Coal India, ICICI Bank, HDFC, Hero MotoCorp, Bharti Airtel, Bajaj Auto, HDFC Bank, Tata Power and Cipla were the major losers in Sensex and Nifty.

Sectoral - S&P BSE Telecom, Metal, PSU, Capital Goods, Bankex, Realty and Oil and Gas index were top laggards while Bucking the negative trend was the S&P BSE FMCG and Auto index both gained by 0.33% and 0.05% respectively. The S&P BSE Small - Cap index and S&P BSE Mid - Cap index ended lower by 1% each.

On Domestic Front –

1.

It has been decided by the Government of India and the RBI to introduce one billion pieces of Rs. 10 notes in polymer/plastic on a field trial basis. 

The field trial will be conducted in five cities viz. Kochi, Mysore, Jaipur, Bhubaneswar and Shimla with varied geographical locations and climatic conditions. 

Reserve Bank of India has informed that while the primary objective of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting. 

This was stated by Minister of State for Finance,  Namo Narain Meena in written reply to a question in Rajya Sabha 

2.

India’s current account deficit (CAD) as a percentage of gross domestic product (GDP) rose to 5.4% in the second quarter of 2012-13 on account of widening of trade deficit and slower growth in invisibles, the Reserve Bank of India (RBI) said in its monthly bulletin for March released on Monday.

On Global front –

1.

Fitch Ratings has downgraded Italy's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'BBB+' from 'A-'. The Outlook on the Long-term IDRs is Negative. Fitch has simultaneously affirmed the Short-term foreign currency IDR at 'F2' and the common eurozone Country Ceiling for Italy at 'AAA'.

=====================  MARKET OUTLOOK  =====================

IIP was on the line but CPI has made wrong impression and market went for profit booking or say exit from rate sensitive stocks.

The INDIA VIX on NSE surged 6% and ended at 15.13 against previous close of 14.25.

FNO PCR is 1.35 against previous close 1.05. - ITS NOT GOOD SIGN FOR NEAR TERM.

Indian Rupee – Rupee gained y’day by 23 paisa and was trading at 54.18 against its previous close of 54.41/42.

S&P 500 (US) was trading at 1550.74 down 5.48 then its previous close at the time of writing M Bells.

=======================  NIFTY OUTLOOK  ========================

Now on event of financial book closer range is changed, now downside range is 5600 while upside is 6200.

Intraday Resistance – 6004 – 5978 – 5946 and Support – 5887 – 5861 – 5829 (Pivot 5919)

Weekly/Monthly Resistance – 6333 – 6143 – 6044 and Supports – 5755 – 5664 - 5466

Opening – Seems flat and Nifty may continue to remain under pressure.

========================  STOCK OUTLOOK  ======================

(Stock outlook needs to watch stock movement carefully and then one can bet after having a look, I tried to put related info which will help you in taking positions.)

RIL –

Iraq has shortlisted Reliance Industries and six other firms for developing its Nasiriya oilfield and the construction of an associated 300,000 barrels per day refinery, according to reports.

Reports stated that French energy giant Total, Russia's Lukoil, CNPC of China and American firm Brown Energy shortlisted for the project.

The seven qualified firms will be invited to review data packages and discuss contract terms, says report.

Core Education –

Moody's Investors Service has downgraded the corporate family rating of Core Education & Technologies Limited to B2 from B1.

ONGC & RIL –

Oil & Natural Gas Corp is planning various options to hire Reliance Industries' unutilised production facilitiesto bring to production its gas finds in the Krishna Godavari basin, according to reports.

ONGC "is evaluating various short-term and long-term options, including sharing of infrastructure with RIL," Oil Minister M Veerappa Moily reportedly said.

"A team of ONGC officers has been constituted to carry out technical feasibility for development of some of these fields," Moily reported.

Reports stated that ONGC has made nine gas discoveries in its KG block KG-DWN-98/2.

RIL has pipeline and other offshore and onshore facilities capable of handling gas output of 80 million standard cubic meters per day.

Tata Steel –

Tata Steel Limited through its subsidiary Tata Steel Minerals Canada Limited, entered into a framework arrangement with Labrador Iron Mines Holdings Limited (“LIM”) to establish a strategic relationship between TSMC and LIM whereby the two companies have agreed to co-operate with each other in various aspects of their respective iron ore operations in the Labrador Trough. The Labrador Trough is a 1,100-kilometre long, 160-kilometre wide iron ore bed in the Labrador-Quebec region in Canada.

The trough has delivered more than 2 bn tonnes of ore in last 50 years and has attracted mining investments of $15 bn from leading global companies. It is estimated that the annual iron ore production of this region would increase from current 35 million tonnes to about 65 mn tonnes by 2015. Tata Steel established its presence in this region through an acquisition of 19.9% stake in New Millennium Iron Corporation (“NML”) in 2008. Tata Steel subsequently increased its stake to 27% in NML and also chose to exercise its option to participate in NML’s DSO Project in 2010. Tata Steel holds 80% in the DSO project through TSMC.

Media & Entertainment –

India’s media and entertainment industry has great potential to herald a new era of economic expansion, with the sector poised to double in size by 2017 and aid job creation by removing key challenges including stifled freedom of expression, Uday Shankar, Chairman of FICCI’s Media & Entertainment Committee, said at the inaugural session of the annual FICCI Frames conclave.

Delivering the theme address at the conclave, the foremost business gathering in the media and entertainment sector that brings the industry and policy makers on a single platform, Shankar said efforts to curb free speech in a robust democracy like India is one of the biggest challenges that can potentially derail the industry from its trajectory.

Wipro –

Wipro is targeting $1 bn (Rs 5,400 crore) in annual revenue from energy, utility sectors, according to reports.

Reports stated that Wipro's energy and utilities vertical, contributes around $900 mn, or 15% of total sales.

In the three months to December 31, the unit grew 18% compared to a year ago, report said.

Infosys –

Infosys announced that it has expanded its presence in Latin America with a new delivery center for its business process outsourcing subsidiary, Infosys BPO, in San José, Costa Rica.

The center’s 100+ employees initially will provide key services in the strategic sourcing and procurement area for Procter & Gamble, the world’s largest consumer packaged goods company.

==================== OPEN CALLS ====================

# Please remember when I make special remark with any position then one should need to take care of that else you can make loss instead of profit.

# Be with strict SL and don’t hesitate to book even small profit if Nifty doesn’t shows strength.

TCS 1550 PE – bought @21 (1 Lot) SL 15 TG 35+ (Active from 8 Mar 13)

Booked profit @26, gain = +1250

Renuka Sugar 30CE – bought @0.8 (1 Lot) SL 0.45 TG 1.25+ (Active from 12 Mar 13)

=============== INVESTMENT BASKET ===============

(Stock in this section is with view of 3 months to 1 year)

Mahindra Holiday – @334 TG 375+ (Active from 15 Dec 12)

Satyam Computer – @103 TG 130+ SL 112 (Active from 15 Dec 12)

On Mobile – @44 TG 60+ Updated SL 39 Qty 2K (Active from 01 Jan 13)

============ PL Sheet (started from Jan 2013) ============

(If someone find any error in PL, please draw our attention)

MG Blog Since Jan 13 (Total 36,850) + Mar 13 = +11,750 + 1250 (TCS Gain) = +13,000

Billionaire Club Since Jan 13 (Total 67,700) + Mar = +20,700 + 1250 (TCS Gain) = +21,950

Today’s MG Mantra –

Market will wait for Inflation figure.

Have a Profitable day – MG

Disclaimer –

1. I have shared my view as per my limited knowledge; please use your own skills to make a wise decision before execution of trade or consult your financial advisor.

2. Those that don’t have patience and are not willing to book loss also in cases don’t enter this market.