• posted by IMV |
  • 31/7/2018

Fundamental Aspect:Most of the spices are moving in demand zone and expected to remains continue ahead… Jeera future prices traded higher from last couple of weeks as market participants initiated fresh buying due to good physical demand. We have seen strong rebound in prices during the month of July on higher exports from China and Bangladesh due to restricted supplies from Syria. According to export data released by Commerce ministry,...

  • posted by IMV |
  • 31/7/2018

The Indian rupee traded sideways with lower bias against U.S Dollar. The currency has been stuck in this range over the last couple of month. Eyes on a series of major central banks meetings are scheduled this week. As such, volatility is likely in the coming days, which may increase the possibility of the rupee breaking its sideways range on either side. The Bank of Japan meeting today followed by the RBI meeting and the US Federal Reserve...

  • posted by IMV |
  • 31/7/2018

Economic Times● Axis Bank Q1 net profit down 46.3% to Rs 701.90 crore, beats estimates● HDFC Q1 net profit jumps 54% to Rs 2,190 crore● Bajaj Auto set to disrupt India’s motorcycle market in peak sale season● RBI’s interest rate-setting panel begins meeting● SBI increases interest rate on FDs: Latest rates hereBusiness Standatd● Cloud computing’s rise taking a toll on HCL Tech, Wipro growth● GST rate cuts will weigh on fiscal consolidation road...

  • posted by IMV |
  • 31/7/2018

Nifty 11319/Sensex 37494/ Bank Nifty 2784227 Advances / 23 Declines/ 0 UnchangedSensex, Nifty attain record closing highStocks logged modest gains on steady buying in index pivotals ICICI Bank, State Bank of India and Reliance Industries. The barometer index, the S&P BSE Sensex, rose 157.55 points or 0.42% to settle at 37,494.40. The Nifty 50 index rose 41.20 points or 0.37% to settle at 11,319.55. Both the Sensex and the Nifty hit record...

  • posted by IMV |
  • 30/7/2018

Gold traded sideways amid mix sentiments in global market. The on-going war of words between Iran and U.S is creating uncertainty in global market which in turn is supporting safe heaven prices. On the other hand, the market participants are eyeing on upcoming FED meet to gauge the scenario of interest rate. Before FED meet a rise in dollar index was noticed which further lid the gains in gold. As per the recent data by CFTC a total of 27,156 net...

  • posted by IMV |
  • 30/7/2018

Intraday Future... Gain of more than 20000/-BEML buy from 853--890. Gain of more than 15000/-Ajanta Pharma... Exit at cost to cost. Canara Bank from 290.50---294. Gain of 4000/-BEML from 896--907 Gain of 5000/-INFY from 1358---1360 Loss of 1500/-Future Regular... Gain of more than 30000/-PNB from 84.50----86.50. Gain of 11000/-Reliance from 1142--1158. Gain of 16000/-NBCC from 71.00--71.40. Exited above costTata Motors from 270--268. Loss of...

  • posted by IMV |
  • 30/7/2018

We have seen a sharp rise in the stock from 100 to 200 odd levels. After making the recent swing high of 207.60  the stock is consolidating in a range.We expect this range to be breached on the lower end of the consolidation resulting in a breakdown from the range.The Range has a resistance of 208 and support below 189.Break and sustain below 189 will take the stock straight back to 160 levels.Our view will only negate if it breaks the...

  • posted by IMV |
  • 30/7/2018

From the developments of the daily chart, Hindustan Unilever Ltd. is looking positive above 1710 after a retrenchment of almost 50% from the recent swing high. Now,the stock is again heading for an upside rally with a support of 1650. It may face hurdle around 1710, break and sustain above 1710 will take it to new high of 1830 levels.Traders can go for a long trade to capture the movement of upside rally above 1710 with a stop loss below...

  • posted by IMV |
  • 30/7/2018

The Indian rupee traded slightly lower against the US currency, extending its fall for the first day of week due to sustained dollar demand from importers even as local equities hit a record high. A rally in domestic stock markets coupled with positive trade-related headlines provided an additional boost and largely weighed on the trading front despite rise in crude prices.  Forex sentiment witnessed a revival of enthusiasm as currency...

  • posted by IMV |
  • 30/7/2018

Fundamental AspectSoybean future prices traded nearly six weeks low due to profit booking by market participants on improved sowing data. The area under soybean in the country increased by 11% compared to last year sowing at 93.9 lakh ha as of last week, according to data released by the farm ministry. However, expectation of increase in meal exports is keeping prices in a range. Government has increased the export incentives on soy meal to 10%...