What Can HAPPEN if RBI comes out with DEMONETISATION SURPLUS FIGURES in coming days?
Friday, February 3, 17
What Can HAPPEN if RBI comes out with DEMONETISATION SURPLUS
FIGURES in coming days?
Greetings from Hitesh! Mark Twain
had said “TRUTH is STRANGER
than FICTON”. It will be difficult to find a trader who has not got
surprised by the market sometime during his trading career. I was thinking on
the quote of MARK TWAIN and suddenly above thought cam in my mind. Let us
explore.
What has RBI said SO FAR?
On December 12, the RBI had said 12.44 lakh crore had
returned to the banks. Since then, there has been no official update from the
RBI, but report published in The Times of India on December 28, citing unnamed
government sources, pegged the amount of cash back in the banks at 90% of the
demonetised currency.
So, RBI has kept the GATES open to
come out with final figures.
Why I am thinking that RBI can DECLARE SURPLUS?
Economic Affairs secretary Mr. Shaktikanta Das, in a
press interaction on December 15, told journalists that there could have been
“double counting” of the returned cash, leading to higher figures.
This statement is indicating that there could be some
genuine mistakes and RBI would be taking time to RECOUNT and come out with the
FINAL Figures.
How it can
ADD To MR.MODI’s IMAGE if this kind of MAGIC happens?
Demonetization has been criticized like anything.
People were laughing on his goal of STOPPAGE of CORRUPTION or BLACK MONEY after
so many of BJP guys were caught with NEW and OLD CURRENCY.
But If RBI comes out with the SURPLUS Figures – it
can change the IMAGE of Mr.Modi by 180 Degree. If by any chance this happens
and announced before VOTING starts in UP and Other STATES – it can change the
Fortune of BJP.
What was the
MOST ASKED QUESTION in RECENT BUDGET?
The budget has talked about lot of allocation for
developments and things like that. But most of the experts were baffled to find
out the CASH for that. They were asking – how the GOVT is planning to generate
CASH for various kind of expenses is not shown in the BUDGET.
If I stretch my imagination and link what Mr.DAS said
and what BUDGET is indicating – I will not be surprised if RBI surplus can be
the major source of financing. As such we have a time till 1st
APRIL, when the budget will become effective.
What NEXT?
You can’t make money by thinking VERTICALLY in
market. Most guys use this pattern. Above is an example of LATERL THINKING.
We have already told you MARKET will make new high
way back on 22nd November and 16th December in our blogs.
This NEWS can put the MARKET on fire.
If you want to stay ahead of the PACK – join us.
Have a GREAT FEBRUARY.
Live With
Passion…Invest With Passion.
Hitesh Parikh.
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