Gold traded sideways on Tuesday after giving sharp rally in the previous day session amidst uncertainties regarding the US and China trade war as the US President Donald Trump commented yesterday that no tariff rollback will be done due to impeachment, US election which also resulted in negative for Crude oil price. Today, traders should concentrate on the “Building Permits” and “Housing Starts” from the house of the US which will...
CASTROLIND Stock looks bullish on the chart. Currently 3.8 % up from the previous closing. Catch it around 145, if it sustains and closes above 145 for 3 consecutive days + weekly closing will see upside movement till 156---160 +++ levels in the coming days. Support and stop loss below 142 on a closing basis. RNAM Once again stock looks bullish on the chart. Currently 6 % up from the previous...
Rupee opened on a negative note against the US Dollar in the early morning Trade due to negative developments of the US-China Trade war. Increasing foreign fund outflows and stronger Dollar is weighing down on the Domestic unit. The 10-year Indian government bond yield was at 6.50 percent Technical outlook: (November 2019) GBPINR Support is 93.00 Resistance is 93.40. Break and sustain above 93.40 will take...
MONEYCONTROL • Amtek Auto: The meeting of the board of directors of the company is scheduled for November 21 to approve the financial results for the quarter ended September 2019.. • South Indian Bank: The lender will be hosting an investor meet on November 20 at Mumbai. • Eicher Motors: Company's officials will meet Somerset Capital Management and First Pacific Advisors on November 19, and Motilal Oswal MF and SBI...
Fundamental Aspect: Heavy rains in October and November have brought more misery to India's farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the wettest June-September monsoon season in 25 years. The recent wet spell is also forcing farmers to delay sowing winter crops, placing a further drag on the rural economy at a time when India's economic growth...
Gold traded lower on Monday amidst comments from White House economic adviser Larry Kudlow that the United States is nearing an interim trade pact with China as reported over the late weekend. On the other hand, crude oil traded sideways amidst mixed sentiment regarding the US and China trade war. No Major Economic Data for the day. Technical Levels Gold (Dec) Support is at 37800 and resistance is at 38000....
The market ended in red after two days rally and remained range-bound with lots of intraday volatility for the last few days. S&P BSE Sensex fell 0.18 percent to end at 40,284.19the and the NSE Nifty 50 fell 0.09 percent to close at 11,884.50. The broader markets represented by the NSE Nifty 500 Index closed flat. In yesterday's trading session we have seen high volatility in PSU stocks after the cabinet has given 'in-principle'...
In the previous week, Rupee settled on a negative note after global rating agency Moody’s slashed India’s credit ratings from Stable to Negative due to the ongoing economic slowdown and future prospects. The Agency said, “Moody’s decision to change the outlook to negative reflects increasing risks that economic growth will remain materially lower than in the past, partly reflecting lower government and policy effectiveness at...
POLYCAB Stock looks bullish on the chart. Currently 4.5 % up from the previous closing. Catch it around 930----925, if it sustains and closes above 430 for 3 consecutive days + weekly closing will see upside movement till 500 +++ levels in the coming days. Support and stop loss below 875 on a closing basis. ICICIGI Currently 1% up from the previous closing. Grab it above 1400, looks positive on...
Gold From the last few trading sessions, we have seen range-bound trading in Gold. It unable to breach it's support level of 37450 and bounced back sharply to 38318 levels and finally settled around 38971. Break and sustain below 37900 will take it to 37700---37550. More and more downside panic will see on a close below 37400 levels else it could test its resistance level of 38200---38350 again. Who...
