July-Sep 2018 GDP growth slows to 7.1%, Netas breach deficit target.

7.1% is below almost all prediction by everyone. So its a surprise how badly it fell. With credit conditions tightening further, I think the April-Jun growth of 8+% was the peak. Its down from here.

Meanwhile bankrupt Netas have exceeded full year target of budget deficit by Oct 2018. 

Last year they exceeded by January. This year by December. Meanwhile economy is slowing as interest rates rise and credit tightens. Yet the lawyer Jaitley keeps saying they will stick to deficit target and reduce. I think he is lying and desperate.

With elections this december for states, if Modi weakens it will create panic and very vulnerable for rupee with economy slowing and Govt. ready to breach deficit.

We should see some big fall in stocks if Modi weakens which I think he will in December. Then a rebound early next year followed by a bigger fall in general elections. Stocks will get support from Rupee fall. Lets see.

December begins. What's ahead.

November was a month of rebound from October lows. But it could not cross Oct begin price of 10930 when sell off began.

Monday Dec 3rd shows a buy trend but not sure if it will reverse. So careful.
The week is softly peaking and there is high chance of going down. Buy has peaked and sell is strong reversal down.
Month December still shows a sell continue trend. It is still within October range.

A put option from Monday for Dec at current price may be good. Will buy some.

1. JPAssociat is an immediate sell, may recover somewhat by end of month.

2.Cosmofilms has a sell trend but not major. Need to watch qtrly support at 218. If it holds, then check next qtr signal and might buy,

3. Navkarcorp reached a temp low at weekly, monthly level and qtrly too. But it broke below qtryly low already. It may be bottoming, but need a buy signal which I can't see yet.

4. HMVL shows templow at buy and sell trend at month and qtr. There is a buy at weekly. It might be turning around but no confirmation yet. Wait!


5. TCS doesn't show any immediate sell but has weekness at month and qtr. So be careful for December.

6. HDFCBank shows some immediate weakness but not so bad for month but has a weak trend by end of december. So caution. It is amazing how strong hdfcbank rebound from oct lows have been. But it didn't break above qtrly highs.

7. Deepind is a sell soon, weekly strong buy weakening and sell temp high. Monthly hold but range can down upto 99. There is a turn around sign so may be a good buy on deep correction. This means oil price will recover? Lets see.

8. Dhampursug is at a crossroad. Monthly buy has weakening and sell temp high. Daily and weekly have a sell. Middle support at 120. There is a reversal of trend but will watch how much down it can fall now in correction.