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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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Photo: Angel Broking 
How are you all? Hope you are doing fine. The Covid - 19 catastrophe has brought wanton sufferings to the people world wide and it will take some time for the things to be back to normal once again. Remain safe and healthy.

Anyway, when I'm writing this report, the Asian bourses were trading mixed, while SGX Nifty was seen at 9,060.50, up marginally by 25 points. Since some time the Nifty has been trading in 8800/9300 ranges,  which somewhat gives us the  support and resistance of the trading pattern of the  Indices. The trends of the  for the short, medium and long term remain bearish. Only a close above 9590 can take Nifty near the intermittent high of 9889, however there is more tendency to break 9000 and test 8800/8700/8420 ranges.

Havijg said that I have taken a bullish view on Commodoties and the price action in 2008 and 2020 has lot of similarities.  Stimulus package,  unleashed worldwide is the commodities' best friend.

The groundwork over the past few months has set the stage for a massive rally in the commodities asset class over the coming years.

The demand side factor for raw materials around the globe is a function of the population. Each quarter,  the world adds another twenty million people to its fold.

At the turn of this century, around six billion people were inhabiting the mother earth.  More head counts around the globe require more raw materials each day.

Moreover, commodities prices are highly sensitive to inflationary pressures. The world’s central banks and governments have unleashed a spate of liquidity in response to the global pandemic.

While the kneejerk reaction to Coronavirus was the formation of a deflationary spiral that took most commodities prices lower, the whiplash impact over the coming years may be just show the opposite trend.

Therefore, buy shares of good companies which are basically into commodities like SAIL (Rs.27.30), Vedanta Ltd (Rs.89.10), etc. But don't rush to buy immediately -- buy during the market dips. The other commodity names, with their support, resistance and targets will be provided to those who are trading through my brokerage house or are subscribers to my Premiun Information Services. 

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