Sliding rupee, lack of monsoon and policy paralysis are the three terms through which Indian economic outlook can be easily predicted. Due to lack of monsoon inflation will be high leading to limited action by RBI on reduction of interest rates. Thus, banks will continue to lend on higher rates leading to lower investment demand.
Nifty has started its down journey towards 5171 so all can join in the party by shorting it with a sl of 5330
Food for thought: Govt. is over excited in opening 100% FDI in retail (which is a major employment generator and people ought to make money here) but not for Aviation (where on one is making money world over) atleast we can save some money by making the foreign companies burn some money rather than earning everything and taking it back.
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