Updates on Bullion, Base Metals, and Energy Levels  (24th Jan 2020)
  • posted by IMV |
  • 24/1/2020

Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organization stopped short of announcing the outbreak as a global emergency. On the other hand, Crude oil edged up due to a decline in US crude stockpiles. Today, traders should concentrate on the Flash Manufacturing PMI from the house of US which will impact on metal and Bullions segment. If the forecast figure match with the...

TODAY’S TOP GAINER LEVEL UPDATE (24TH JAN 2020)
  • posted by IMV |
  • 24/1/2020

GNFC Currently, 4 % up from previous closing and stock looks bullish on the chart from lower levels.  Grab it around 210 levels, If it sustains and closes above 210 for 3 consecutive days + weekly closing will see upside rally till 225 +++ levels in days to come. Support and stop-loss below 198 on a closing basis. BSE Stock looks positive on the chart. Currently 2.3 % up from the previous closing...

Agro-Commodity Update 24th January -2020
  • posted by IMV |
  • 24/1/2020

Fundamental Aspect: In the last two-three months, crude palm oil (CPO) prices have rallied much to the relief of producers, especially in Malaysia and Indonesia, two of the world’s largest producers. If anything, the market was caught unawares. It is in this background that one must see where palm oil prices would be headed in 2020. Without doubt, production growth will slow in 2020 because of low prices during most of the year...

Currency Levels (24th January 2020)
  • posted by IMV |
  • 24/1/2020

Rupee opened on a slightly weak note against the US Dollar in the early morning due to strengthening of Dollar against other major currency pairs and a jump in the prices of Crude. A weakness in the domestic equity market is also weighing down on Rupee. Foreign Institutional Investors allegedly sold stocks worth of Rs 176.43 on Wednesday. The US 10- year bond is trading at 6.63 percent.  Technical outlook: (January 2020)...

Morning News Headlines
  • posted by IMV |
  • 24/1/2020

MONEYCONTROL • Muthoot Finance: The company will consider & approve fundraising by way of public issue of redeemable NCDs. • GHCL: The company approved buyback of equity shares aggregating to Rs 60 crore. • Cholamandalam Investment: The company has approved the issue of equity shares on a preferential basis to the promoter not exceeding Rs 300 crore. • Nippon Life AMC: The company has sought SEBI's nod...

MORNING NIFTY AND BANK NIFTY UPDATE ALONG WITH STOCKS LEVELS FOR THE DAY (24TH JAN 2020)
  • posted by IMV |
  • 23/1/2020

Indian indices recovered from two-week low and ended higher with  Sensex broke the three-day losing streak, while Nifty also snapped a four-day losing streak and finished above 12,150 level comfortably on weekly expiry. The S&P BSE Sensex rose 0.66 percent to close at 41,386.40 and the NSE Nifty 50 rose 0.61 percent to end at 12,180.35. The broader markets represented by the NSE Nifty 500 Index rose 0.75 percent. The market breadth...

 Updates on Bullion, Base Metals, and Energy Levels 23rd Jan 2020
  • posted by IMV |
  • 23/1/2020

Gold traded sideways on Thursday ahead of a policy decision by the European Central Bank, although mounting concerns over a virus outbreak in China supporting the price of Gold. On the other hand, Crude oil dipped as concern regarding outbreak of virus in China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.   Today, traders should concentrate on the Unemployment Claims along...

Today's Performance (23rd Jan 2020)
  • posted by IMV |
  • 23/1/2020

Index Nifty  12200 CE Loss of 2250/- Regular Future... The gain of more than 12000/- Tata Global From 386---394 The gain of 21000/ - Bajaj Finserv From 9530---9550 Loss of 2500/- Voltas --- Loss of 5000/- Intraday Future... Loss of 13500/- Cipla From 473---474 Loss of 1200/- IOC From...

TODAY’S TOP GAINER LEVEL UPDATE (23RD JAN 2020)
  • posted by IMV |
  • 23/1/2020

ENDURANCE Stock looks positive on the chart. Currently 3 % up from the previous closing. Catch it around 1100 if it sustains and closes above 1100 for 3 consecutive days + weekly closing will see upside movement till 1200 +++ levels in the coming days. Support and stop loss below 1050 on a closing basis. GRANULES  Currently, 2 % up from previous closing and stock is trading in a positive trend on the...

Morning News Headlines
  • posted by IMV |
  • 23/1/2020

MONEYCONTROL • L&T: Q3 profit rises 15.2 percent to Rs 2,352 cr, revenue up 5.9 percent to Rs 36,242.7 cr YoY; order inflow at Rs 41,579 cr. • Axis Bank: Q3 profit increases 4.5 percent to Rs 1,757 cr, NII up 15.2 percent to Rs 6,453 cr YoY, slippages at Rs 5,124 cr. • RBL Bank: Q3 profit dips 69 percent to Rs 70 cr, NII grows 40.8 percent to Rs 922.6 cr YoY, asset quality weakens. • Raymond: Q3 profit...