• posted by IMV |
  • 21/8/2018

Fundamental Aspect:Chana future price settled higher mainly on improved physical demand as stocks are diminishing from the stockiest. It touched 3 weeks’ high due to improvement in demand from the bulk buyers. Earlier, chana surged during July as government has extended the imports ban for dry peas for three more months. It is applicable for all peas. There are reports that government approved a proposal to sell pulses at discounted rates to...

  • posted by IMV |
  • 21/8/2018

Nifty Future Yesterday, Nifty made a life time high and closed at the higher levels. Nifty still looks positive on chart and our next target on the radar is 10650—11720 level. Investors and traders holding buying position in Nifty can maintain stop loss below 11400 at cost. Break and sustain above 11600 will take it to 11650—11720 level.   Hold Nifty for the target of 11650—11720 and maintain stop loss below 11400Bank Nifty...

  • posted by IMV |
  • 21/8/2018

Market OutlookWe have seen long buildup in Nifty Aug future in last trading session, after a gap up opening nifty tested the high 11585.35 & closed at 11578.95, huge Put writing is seen at 11500 strikes & call unwinding is seen at 11500 strikes. Nifty has given a breakout above 11510, now next levels would be 11590 -11640. Any close above 11640 will trigger short covering & take nifty up to the level of 11690-11740. Support at...

  • posted by IMV |
  • 21/8/2018

Rupee settled higher against dollar over US-China trade talksThe Indian rupee strengthened against the US dollar on optimism that trade tension between US and China will ease after planned talks due this week. Chinese and US trade negotiators will meet in Washington this week, with the aim of President’s Xi and Trump meeting in November, the Wall Street Journal reported. Traders also await the minutes of US Federal Reserve’s July meeting due to...

  • posted by IMV |
  • 21/8/2018

Economic Times● Alibaba in talks with Reliance Retail for joint venture● Sensex extends record run led by L&T, Nifty settles above 11,550● Gold investors ‘give up hope’ as biggest short in history builds● NCLAT stays liquidation process of Jyoti Structures● Tata Tele tangle tests Chandra’s plan to exit unviable businessesBusiness Standatd● TPG Capital joins race to buy stake in Jet Privilege● Amazon, Samara Capital in talks to acquire More●...

  • posted by IMV |
  • 20/8/2018

NIFTY FUTUREAs expected, we have seen upside rally in Nifty and hit fresh all time high of 11585.35 and finally settled around 11580 markAbove 11510... our target intact 11650---11720 mark. We are holding long from 11420---11400 markNow stop loss revised below 11400 on closing basisBank Nifty FutureToo skyrocketed and made a high of 28377 and finally settled around 28320 mark. We are holding long from 28050Now what to expect??? Support at...

  • posted by IMV |
  • 20/8/2018

BTST... Gain of 4000/-India Cement From 118.50--118 Loss of 2000/-DHFLFrom 673---677Gain of 6000/-Intraday Future... Gain of 8000/-Tata Steel From 594---599Gain of 5000/-IRBFrom 195---196.35Gain of 3000/-Tata Comm (Sell)From 552--550Exit at costFuture Regular... Gain of more than 40000/- in single lotHindunilever From 1770---1195Gain of 12000/-VEDLFrom 218--217Loss of 2000/-Reliance From 1225---1236Gain of 10000/-Tata...

  • posted by IMV |
  • 20/8/2018

Fundamental Aspect:Guar future price are expected to trade higher due to slow down in guar acreage noticed as compare to corresponding year added some positive sentiment in market. Low water level in canal system and deficit in Rainfall in Jaiselmer (-31%) , Hanumangarh (-48%),Jalor(-52%)Barmer (-50%)and pali with (-38%). Rajasthan state agriculture department has set the target of guar acreage for year 2018-19 up to 35 Lakh hectares but seeing...

  • posted by IMV |
  • 20/8/2018

Nifty Future Indian equity indices ended with strong gains at the end of week. We are holding bullish view on nifty. Nifty has resistance at 11510 and support at 11350. Break and sustain above 10510 will see 11650—11720 level. For short term horizon investors and traders try to buy Nifty around 11450—11430 mark with stop loss below 11350 for the upside target of 11650—11720 mark. Bank Nifty Future As we stated on Thursday, Bank...

  • posted by IMV |
  • 20/8/2018

The Indian rupee weakened sharply in last week against dollar to a fresh record low after the country’s trade deficit widened to a five-year high as petroleum imports surged. The 10-year bond yield settled at 7.847%, from its previous close of 7.818%. In recent months, global activity indicators such as global PMI and world trade volumes have moderated. This along with an overvalued rupee could weigh on India’s exports and thus growth recovery....