Updates on Bullion, Base Metals, and Energy Levels  (31st Jan 2020)
  • posted by IMV |
  • 31/1/2020

Gold traded in a range ahead of Union Budget session 2020, the Indian Commodity market will remain open this Friday, market participants are trading cautiously. Concerns over new coronavirus spread are on a rise as the number of deaths increased to 132, which is weighing down on the prices of Base metals while supporting the prices of Gold. On the other hand, Crude oil also traded lower in the first half after US Crude oil inventories came out...

TODAY’S TOP GAINER LEVEL UPDATE (31ST JAN 2020)
  • posted by IMV |
  • 31/1/2020

 CASTROLIND After forming a rounding bottom pattern, the stock looks positive on the chart. Currently 3.5% up from the previous closing. Catch it above 136, if it breaks and closes above 136 for 3 consecutive days + weekly closing will see upside movement till 150 +++ levels in the coming days. Support and stop loss below 127 on a closing basis. LALPATHLAB Stock looks positive on the chart. Currently...

Agri Commodity Update (31st January 2020 )
  • posted by IMV |
  • 31/1/2020

 Fundamental Aspect: U.S. soybean farmers face multiple obstacles that are out of their control. They have to survive the weather (which was horrible last year with huge rainfalls at the wrong time of the year) to accepting commodity prices. Over the past two years, they have also had to face President Trump’s trade war, which caused soybean prices to plummet and in the past few months, the African Swine Flu in China has lessened...

Currency Levels (31st January 2020)
  • posted by IMV |
  • 31/1/2020

Rupee opened on a negative note against the US Dollar in the early morning after the US Fed kept its interest rate unchanged at 1.75%. The market will be trading cautiously ahead of Budget session this Saturday. A weakness in the domestic equity market is also weighing down on Rupee. Foreign Institutional Investors allegedly sold stocks worth Rs 1014.27 on Wednesday. The US 10- year bond is trading at 6.57 percent.  Technical...

Morning News Headlines (31st Jan 2020)
  • posted by IMV |
  • 31/1/2020

MONEYCONTROL • Nocil: The company approved the amalgamation of Suremi Trading and Sushripada Investments with it. • Blue Star Q3: Net profit came at Rs 19.6 crore against the loss of Rs 0.9 crore and revenue rose 12.5 percent at Rs 1,236 crore against Rs 1,099 crore YoY. • Kotak Mahindra Bank: RBI accepts promoters' voting rights in the company to be capped to 20 percent till March 31, 2020. • Tata Motors Q3:...

Updates on Bullion, Base Metals, and Energy Levels 30th Jan 2020
  • posted by IMV |
  • 30/1/2020

Gold traded higher on Thursday after US Fed’s Monetary Policy meeting, where it kept the interest rates unchanged at 1.75%. Concerns over new coronavirus spread are on a rise as the number of deaths increased to 132, which is weighing down on the prices of Base metals while supporting the prices of Gold. On the other hand, Crude oil also traded lower in the first half after US Crude oil inventories came out to be larger than expected. API in...

MORNING NIFTY AND BANK NIFTY UPDATE ALONG WITH STOCKS LEVELS FOR THE DAY (31ST JAN 2020)
  • posted by IMV |
  • 30/1/2020

 After witnessing bounce back on Wednesday's session, the Indian indices ended its worst F&O series in five months. In the January series, the Nifty 50-stock index fell 0.8 percent and closed below 12,100 levels. In the previous trading session, S&P BSE Sensex fell 0.69 percent to close at 40,913 and the NSE Nifty 50 fell 0.77 percent to end at 12,035.80. The broader markets represented by the NSE Nifty 500 Index fell 0.9 percent....

TODAY’S TOP GAINER LEVEL UPDATE (30TH JAN 2020)
  • posted by IMV |
  • 30/1/2020

IPCALAB Stock looks positive on the chart. Currently 2% up from the previous closing. Catch it above 1265 if it breaks and close above 1265 for 3 consecutive days + weekly closing will see upside movement till   1320---1340 +++ levels in the coming days. Support and stop-loss below 1210 on a closing basis. KNRCON Currently, 3 % up from previous closing and stock looks bullish on the...

Agri Commodity Update  (30th January 2020)
  • posted by IMV |
  • 30/1/2020

 Fundamental Aspect U.S. soybean farmers face multiple obstacles that are out of their control. They have to survive the weather (which was horrible last year with huge rainfalls at the wrong time of the year) to accepting commodity prices. Over the past two years, they have also had to face President Trump’s trade war, which caused soybean prices to plummet and in the past few months, the African Swine Flu in China has lessened...

Currency Levels (30th January 2020)
  • posted by IMV |
  • 30/1/2020

Rupee opened on a negative note against the US Dollar in the early morning after US Fed kept its interest rate unchanged at 1.75%. The market will be trading cautiously ahead of Budget session this Saturday. A weakness in the domestic equity market is also weighing down on Rupee. Foreign Institutional Investors allegedly sold stocks worth Rs 1014.27 on Wednesday. The US 10- year bond is trading at 6.57 percent.  Technical...