Daily BriefsIndia

Daily Brief India: NIFTY Index, Vedanta Resources and more

In today’s briefing:

  • Long/Short Position Under Currents
  • Morning Views Asia: Tata Motors ADR, Vedanta Resources


Long/Short Position Under Currents

By Thomas Schroeder

  • Rise into late June/early July cycle peak on track with scope to overshoot after the 4th of July break (then expect a more volatile mid-July period). Reducing on strength.
  • SPX kissed our 4,500 target with an overshoot projection at 4,547. Recent long from 4,470.
  • Top Asia longs: NKY, Taiwan and India. Top shorts have been HSI and Kospi 200 (heavy bias to add on upticks). July will usher in a more volatile phase.

Morning Views Asia: Tata Motors ADR, Vedanta Resources

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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