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Monday, July 9, 2018

MCX SUPPORT & RESISTANCE LEVEL

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Friday, July 6, 2018

Trade war risk, rising oil costs seen keeping rupee near record low: Reuters poll

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Opening Bell (6 July 2018)

Wednesday, July 4, 2018

NCDEX SUPPORT & RESISTANCE LEVEL

Opening Bell (4 July 2018)

Tuesday, July 3, 2018

Closing Bell (3 July 2018)

Market Live: Sensex, Nifty open flat despite correction in Asian peers amid trade tensions

Asian stocks were cautiously mixed, with China's Shanghai Composite falling further amid trade tensions.

Benchmark indices started off trade on a flat note depsite weakness in the Asian peers due to ongoing trade tensions between US and China.

The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90.

Hero MotoCorp, TCS, Dr Reddy's Labs, Bajaj Auto and Coal India are early gainers.

Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure.

The Nifty Midcap index fell 54 points.

8K Miles Software, AU Small Finance, Vakrangee, SREI Infra, ICICI Prudential, IDBI Bank, Nalco and Ashok Leyland lost ground. while Strides Shasun, NCC, Tata Power and Jyothy Labs are gainers.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-nifty-open-flat-despite-correction-in-asian-peers-amid-trade-tensions-2662741.html

Monday, July 2, 2018

TVS Motor June sales increase 15% to 3.13 lakh units, beat expectation

The company said its 2-wheeler sales increased 12.1 percent year-on-year to 3.01 lakh units and scooter sales jumped 13.6 percent to 1.02 lakh units.

TVS Motor Company sold 3.13 lakh units in the month of June 2018, a growth of 15 percent compared to 2.73 lakh units sold in year-ago month.

The total sales were ahead of Nomura expectation of 2.99 lakh units.

The company said its 2-wheeler sales increased 12.1 percent year-on-year to 3.01 lakh units and scooter sales jumped 13.6 percent to 1.02 lakh units.

Exports during the month grew by 48.6 percent to 65,971 units while 3-wheeler sales shot up 140.9 percent to 12,413 units compared to year-ago month.
At 14:54 hours IST, the stock price was quoting at Rs 558.80, up Rs 6.50, or 1.18 percent on the BSE.

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Source:https://www.moneycontrol.com/news/business/markets/tvs-motor-june-sales-increase-15-to-3-13-lakh-units-beat-expectation-2659931.html

Tata Steel rises 3% on JV agreement with German company; CLSA maintains buy

JV company will be positioned as a leading pan European high quality flat steel producer with a strong focus on performance, quality and technology leadership to support customers’ sustainability ambitions.

Shares of Tata Steel rose more than 3 percent in the early trade on Monday as company signed joint venture (JV) agreements to create new steel champion in Europe.

Tata Steel has approved the terms to create a 50:50 joint venture which will combine the European steel businesses of the company and thyssenkrupp AG and has adopted resolutions for the signing of the definitive agreement, company said in release.

The formal execution of the definitive agreements is expected shortly.

JV company will be positioned as a leading pan European high quality flat steel producer with a strong focus on performance, quality and technology leadership to support customers’ sustainability ambitions.

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Source: https://www.moneycontrol.com/news/business/markets/tata-steel-rises-3-on-jv-agreement-with-german-company-clsa-maintains-buy-2658081.html

Market Live: Sensex falls 150 pts, Nifty falls below 10,700 amid trade concerns

India’s manufacturing conditions improved in June at the strongest pace since December 2017, supported by the sharpest gains in output and new orders in 2018 so far.

Reflecting greater production requirements, firms were encouraged to engage in purchasing activity and raise their staffing levels. On the price front, input cost inflation was the sharpest since July 2014, whilst output charges rose at a stronger pace. Business confidence eased to the weakest since last October.

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose from 51.2 in May to 53.1 in June. "This was consistent with the fastest improvement in the health of India’s manufacturing economy in 2018 so far. Manufacturing production rose in June, thereby extending the period of expansion to 11 months. Moreover, the rate of growth was sharp and the most pronounced since last December," Nikkei IHS Markit said.

Friday, June 29, 2018

IDBI Bank stock gains 12% on reports that IRDAI may clear LIC deal today

The IRDAI board is likely to grant exemption to LIC for taking over 15 percent stake in the bank and then LIC may be allowed to buy additional 30 percent stake, taking its shareholding in the bank to over 40 percent.

In his Budget speech for 2016-17, then Finance Minister Arun Jaitley had said the process of transformation of IDBI Bank has already started. "Government will take it forward and also consider the option of reducing its stake to below 50 percent," he had said.

As of March 2018, LIC held 10.82 percent in IDBI Bank. The approval from IRDA is mandatory for insurers to invest over 15 percent in listed companies.At 10:08 hours IST, the stock price was quoting at Rs 55.35, up Rs 5.45, or 10.92 percent on the BSE.

share price rallied 12 percent intraday on Friday after media report indicated that the insurance regulator may clear the bank's deal with LIC today. This upside was after the losses seen in previous four consecutive sessions.

The board members of Insurance Regulatory and Development Authority of India (IRDAI) are likely to meet today later in the day, wherein they may clear the deal between IDBI Bank and Life Insurance Corporation of India, reports CNBC-TV18 quoting unnamed sources.

The board is likely to grant exemption to LIC for taking over 15 percent stake in the bank and then LIC may be allowed to buy additional 30 percent stake, taking its shareholding in the bank to over 40 percent.

CNBC-TV18 is learnt that IDBI Bank-LIC transaction may be executed via preferential issuance of fresh equity. "LIC may get 3 board seats as a part of IDBI Bank-LIC transaction but may not be given management control," sources said.

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Source:https://www.moneycontrol.com/news/business/markets/idbi-bank-stock-gains-12-on-reports-that-irdai-may-clear-lic-deal-today-2650401.html

June series analysis: Traders beware as most positions haven't been rolled over

Fresh open interest build-up from current level will dictate the further move in the index, says Jay Purohit of Centrum Broking

The June series started with lighter open positions and rallied in the first fortnight along with fresh long build-up. The Nifty failed to sustain above its crucial hurdle of 10,850–10,900 and started correcting.

The fall seen in the last two weeks was supported by a large number of short positions. Low rollover (64.05 percent), both in term of open interest (-2.16 percent month-on-month) as well as in percentage term s(quarterly average is 67.89 percent), indicates that most positions formed in June series didn’t get carried over to the July series.

Fresh open interest build-up from current levels will dictate a further move in the index. In the month gone by, foreign institutional investors added a large amount of fresh short positions in index futures. As a result, the long-short ratio reached 35 percent from 44.20 percent at the start of the series.

FIIs sold equities worth Rs 10,092 crore in the June series, which doesn’t bode well for the markets. On the options front, 11,000 call and 10,600 put followed by 10,500 put is seeing investor attention in the July series.

The Bank Nifty started the June expiry with a large amount of long positions. But the bulls failed to capitalise on that. As a result, the banking index remained sideways for major part of the June series.

We didn’t witness any meaningful open interest addition in the entire series. Rollover in the Bank Nifty (71.79 percent) was below its quarterly average of 77.62 percent. It is also lower in term of open interest, as we witnessed unwinding of 31.88 percent positions in the June series as compared to the May series.

The rollover data clearly indicates that most long positions, which got carried forward from the May series, are now out of the system. However, some of the long positions formed at lower levels in April are still intact in the system.

Among stocks, Dr Reddy’s Laboratories, Bajaj Finance, Bata India and Reliance Industries were among the few counters which added a large amount of long positions and the same got rolled to the July series.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

While a good amount of shorts got rolled in the stocks like NCC, NBCC, SREI Infra, Dalmia Bharat, Ashok Leyland, Bank of Baroda, MRPL, REC, Sun TV etc. among others.

Disclaimer: The author is Technical & Derivatives Analyst at Centrum Broking Limited. The views and investment tips expressed by the investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

If you want more information regardingtheMarket News & many other tips like Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , commodity market tip. Visit: http://www.tradeindiaresearch.com Call On TOLL FREE Number: 9009010900 Whatsapp User Join Our Group: 9300421111

Daily Stock Tips | Nifty Tomorrow | Intraday Commodity Tips | TradeIndia Research

Monday, July 9, 2018

MCX SUPPORT & RESISTANCE LEVEL

Friday, July 6, 2018

Trade war risk, rising oil costs seen keeping rupee near record low: Reuters poll

Opening Bell (6 July 2018)

Wednesday, July 4, 2018

NCDEX SUPPORT & RESISTANCE LEVEL

Opening Bell (4 July 2018)

Tuesday, July 3, 2018

Closing Bell (3 July 2018)

Market Live: Sensex, Nifty open flat despite correction in Asian peers amid trade tensions

Monday, July 2, 2018

TVS Motor June sales increase 15% to 3.13 lakh units, beat expectation

Tata Steel rises 3% on JV agreement with German company; CLSA maintains buy

Market Live: Sensex falls 150 pts, Nifty falls below 10,700 amid trade concerns

Friday, June 29, 2018

IDBI Bank stock gains 12% on reports that IRDAI may clear LIC deal today

June series analysis: Traders beware as most positions haven't been rolled over

INTERNATIONAL MARKET UPDATE

Thursday, June 28, 2018

INTERNATIONAL MARKET UPDATE:

MCX SUPPORT & RESISTANCE LEVEL

Wednesday, June 27, 2018

MCX SUPPORT & RESISTANCE LEVEL

Closing Bell: Sensex ends 192 pts lower, Nifty below 11,600 even as RBI cuts rate

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