• posted by IMV |
  • 09/12/2019

 Rupee opened on a flat note against the US Dollar in the early morning after the RBI Monetary policy in which RBI has decided to hold the accommodative stance and the interest rate remains unchanged. 10-year Indian government bond yield was at 6.60 percent.  Technical outlook: (December 2019) EURUSD It has major support at 1.1030 and resistance is 1.1070.  Break and sustain above 1.1070 will take it up to...

  • posted by IMV |
  • 09/12/2019

 MONEYCONTROL • Dish TV India: CARE cut the company's short-term debt rating to D from A4+. • IRB Infrastructure: The board approved raising Rs 1,400 crore via NCDs. • Punjab & Sind Bank: Lender approved raising capital up to Rs 500 crore through QIPs. • Escorts: CRISIL reaffirmed its long-term rating on the company at AA- with a stable outlook. • Axis Bank: Jairam Sridharan resigned as...

  • posted by IMV |
  • 06/12/2019

Index Future... The gain of 12000/- Bank Nifty future  from 31700---31350 The gain of more than 12000/- in 2 lots Regular Future... The gain of more than 30000/- SBI From 336---328 The gain of more than 35000/-in 2 lots RBL Bank From 355---338 The gain of more than 30000/- in 2 lots SBI From 322.50---321.00 Loss of 9000/- in 2 lots Cadila...

  • posted by IMV |
  • 06/12/2019

Gold traded lower on Friday after China announced to remove import tariffs on some Americans goods, but traders still remained cautious ahead of the US Non-farm Employment Change data which will direct further direction of the Bullions while on the other hand Crude oil traded sideways as OPEC meeting is going on. Today, traders should concentrate on the Average Hourly Earnings m/m along with Non-Farm Employment Change, Prelim UoM Consumer...

  • posted by IMV |
  • 06/12/2019

 Indian equity benchmarks extended declined for the second consecutive trading session and close in red on a weekly basis. The S&P BSE Sensex fell 0.82 percent or 334 points to close at 40,445.15. The NSE Nifty 50 fell 0.81 percent, the biggest fall since Nov. 08, to end at 11,921.50.  The broader markets represented by the NSE Nifty 500 Index fell 0.9 percent. All sectoral indices ended lower led by the PSU Banks, auto, pharma,...

  • posted by IMV |
  • 06/12/2019

ESSELPACK Stock looks bullish on the chart. Currently 2.2% up from the previous closing. Catch it above 156  if it breaks and close above 156 for 3 consecutive days + weekly closing will see upside movement till 170 --- 175 +++ levels in the coming days. Support and stop loss below 142 on a closing basis. SPARC Once again stock looks bullish on the chart. Currently 2.4 % up from the previous closing....

  • posted by IMV |
  • 06/12/2019

 Rupee opened on a flat note against the US Dollar in the early morning after the RBI Monetary policy in which RBI has decided to hold the accommodative stance and the interest rate remains unchanged. In the previous week, India’s GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met, and market participants were held back from throwing...

  • posted by IMV |
  • 06/12/2019

MONEYCONTROL • Yes Bank: Moody's downgraded bank's ratings and assigned negative outlook. • Allcargo Logistics: The company will buy 1.04 crore shares of Gati at Rs 75 per share and to make an open offer for 26 percent Gati stake at Rs 75 per share. • Bank of Baroda: Board approved raising up to Rs 1,850 crore in Tier-I bonds. • Tata Motors: JLR November UK sales fell to 8,199 units against 9,055...

  • posted by IMV |
  • 05/12/2019

Gold traded sideways on Thursday after a sharp fall in the previous day session after comment from the US President Donald Trump that they are about to the trade war deal soon which weighed on the price of Gold. On the other hand, Crude oil traded sideways as OPEC meeting is going on and investors are waiting for the outcome of the meeting. Today, traders should concentrate on the Unemployment Claims along with Factory Orders m/m and...

  • posted by IMV |
  • 05/12/2019

After a consecutively five rate cut whole MPC member decides to unchanged the Repo rate with diminishing GDP target and increasing Inflation rate for HY20. This decision came to achieve targeted CPI and keep pace with the growth The index remains very volatile due to weekly expiry and monetary policy. In the first half of the market bull successfully hold the price on the upper end of the day but after a monetary policy outcome...