Momentum Picks 20 Jun 2019

Overview : Equity benchmarks pared intraday gains and ended a tad near the previous session’s close. As a result, the Nifty remained unchanged at 11691. The market breadth remained in favour of declines with A/D...

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Derivatives View 20 Jun 2019

Overview : After a gap up opening, the Nifty failed to surpass the 11800 Call base amid high volatility. Among sectorial indices, selling was witnessed in auto, finance and pharma stocks. Weekly option expiry ma...

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Agri-Commodities Daily Report 20 Jun 2019

Overview : NCDEX Jul Soybean slipped more than 1.2% on Wednesday due to expectation of higher planting and sufficient forward stocks in the physical market. Moreover, slow down in soymeal exports is also a worry...

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Daily Commodity Report 20 Jun 2019

Overview : On Wednesday, spot gold prices ended higher by 1.02 percent to close at $1346.1 per ounce over stronger expectation of a rate cut by the U.S FED. The US Federal Reserve kept the interest rates unchang...

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Daily Currency Outlook 20 Jun 2019

Overview : Indian Rupee depreciated by 0.06 percent yesterday while the Dollar Index decreased by 0.54 percent despite increase in risk appetite over possible meeting Trump and Xi Jinping in G20 meetings. United...

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Commodity Insight 20 Jun 2019

Overview : MCX Cotton Futures initially traded lower during the month of June owing to ongoing US china trade tensions where U.S President Donald Trump had imposed higher duties on $250 billion chinese goods. Th...

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Wednesday Power: Asian Paint 19 Jun 2019

Overview : On a daily chart, the stock has faced a strong resistance of its lower band of the Rising Wedge formation after giving a breakout of the same which suggests a southward movement in the counter.  More...

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Techno SELL: MCDOWELL-N Jun Fut 19 Jun 2019

Overview : On a weekly chart, the stock has moved below “Ichimoku Cloud” with negative crossover between conversion line and base line which shows the downside movement in the counter.  On a daily chart, the st...

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Sector Update: Financials 19 Jun 2019

Overview : In our earlier twin reports on liability franchise — ‘The rising significance of liability franchise’(Version 1.0, Version 2.0), we had highlighted that the importance of a strong liability franchise ...

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Company Update: Voltas 19 Jun 2019

Overview : We maintain our Neutral rating on the stock, given expensive valuations. We value the company on an SOTP basis with a target price of INR595 (UCP business at 35x FY21E EPS; EMP and Engineered Products...

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Bajaj Finanace 19 Jun 2019

Overview : BFL has exhibited a strong performance in a volatile economic scenario (healthy return ratios - RoA at >3.5%, RoE at ~20%, GNPA at <2%). With best of growth (33% CAGR in AUM), highest margins, strong ...

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Daily Metal & Energy 19 Jun 2019

Overview : Chances of a rate cut might support Gold prices. However, optimism over a possible trade deal between US and China might shift the investors towards riskier assets, denting the appeal for Gold. On the...

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Techweiss-Esports 19 Jun 2019

Overview : The e-sports ecosystem is similar to regular sports’ in some aspects—particularly spectatorship, sporting teams, media companies, advertisers, events sponsors and event organisers. The value creation ...

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Company Update :NMDC 19 Jun 2019

Overview : We are concerned about NMDC’s volume growth potential owing to sustained production halt at Donimalai. We maintain ‘HOLD/SP’ with target price of INR106. At CMP, the stock is currently trading at 5.6x...

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Aaj ka Trend 19 Jun 2019

Overview : Gold prices reduced gains on Tuesday after U.S. President Donald Trump confirmed he would meet with his Chinese counterpart, President Xi Jinping, at the G20 meeting next week. On the domestic front, ...

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Currency Highlight 19 Jun 2019

Overview : The U.S. dollar fell on Monday after manufacturing activity in the New York area fell to a two-and-a-half year low in June, while other currencies remained quite ahead of a flurry of central bank meet...

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Equity Bazaar 19 Jun 2019

Overview : Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 48 points or 0.41 percent. Nifty futures were trading around 11,760-level on the Singaporean Exchange...

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Currency Daily Report 19 Jun 2019

Overview : Indian Rupee appreciated by 0.34 percent yesterday while the Dollar Index increased by 0.09 percent on account of gains in domestic equities and increase in risk appetite over possible meeting Trump a...

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Derivative View 19 Jun 2019

Overview : Shorts to the tune of 35% were added in Maruti in the last few series. The stock has been slowly declining with major Call writing seen at 7200 and 7000 Call strikes. We believe the stock will remain ...

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Derivative Strategy 19 Jun 2019

Overview : • The IV-spread of Infosys-Nifty has moved towards its Mean – 2 Sigma levels. As closure has already started in ATM Call and OI is shifting to higher strikes, we feel the IV-spread is likely to move t...

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