The Greece referendum has come and gone. There is no clear solution and the markets went down by 1.5 pc. Let us see what the markets have in store for us now.
1. The EU Finance Ministers are meeting this week and let us see if any solution emerges out of it. The Greece scenario seems to have been factored in by the markets.
2. The Crude oil prices have fallen by about 10 pc due to this crisis and that will help India.
3. The Monsoons are slowing down and we are not slightly in deficit. The next 2 weeks become key for the Monsoons.
4. The Results season is upon us and TCS declared just about ok results.
5. The Monsoon session will start in about 10 days time and is expected to be stormy. I expect the markets to remain range bound.
6. The FIIs continued to sell. After about 12000 crores worth of stocks sold in last 2 months, they are marginal buyers of about 100 crores.
7. Technically, the markets have to cross the strong resistance of 8500-8600. Till then it will remain in a trading band.
8. There are no major triggers for the markets to go up or down. In such a scenario, the markets will remain in a trading range for some time to come.
The current levels offer no safety net for buyers. If the markets correct from here, the next zone would be the 8000-8200 zone.
1. The EU Finance Ministers are meeting this week and let us see if any solution emerges out of it. The Greece scenario seems to have been factored in by the markets.
2. The Crude oil prices have fallen by about 10 pc due to this crisis and that will help India.
3. The Monsoons are slowing down and we are not slightly in deficit. The next 2 weeks become key for the Monsoons.
4. The Results season is upon us and TCS declared just about ok results.
5. The Monsoon session will start in about 10 days time and is expected to be stormy. I expect the markets to remain range bound.
6. The FIIs continued to sell. After about 12000 crores worth of stocks sold in last 2 months, they are marginal buyers of about 100 crores.
7. Technically, the markets have to cross the strong resistance of 8500-8600. Till then it will remain in a trading band.
8. There are no major triggers for the markets to go up or down. In such a scenario, the markets will remain in a trading range for some time to come.
The current levels offer no safety net for buyers. If the markets correct from here, the next zone would be the 8000-8200 zone.
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