Market News · MARKET-HUB possibility, sell on rise with stop loss 93.50 Currency DEMAND FUT LEVEL...
Transcript of Market News · MARKET-HUB possibility, sell on rise with stop loss 93.50 Currency DEMAND FUT LEVEL...
MARKET-HUB
'Weekly expiry will give environment
for Nifty to try and overpower 12,300'
The Indian rupee has recovered from
from the day's low but still trading
lower by 9 paise at 71.65 per dollar,
with selling seen in the domestic
equity market.It opened 23 paise
lower at 71.79 per dollar versus
Tuesday close of 71.56.
Federal Bank share price rose more
than 2 percent intraday on February
20 after research house Morgan
Stanley upgraded the stock to equal-
weight from underweight rating.
Thomas Cook (India) share price rose
more than 14 percent in early trade on
February 20 after the company said it
will consider buyback of its shares.
Aurobindo Pharma share price
continued its gaining momentum on
Thursday after the company received
an establishment inspection report
(EIR) on February 19.On Wednesday,
the share closed 20.40 percent higher
at Rs 602.25 on the BSE.
Sterlite Technologies share price
added 7 percent in early trade on
February 20 after the company won
an order worth Rs 1,500 crore.
Simplex Infrastructures share price
was locked at 5 percent upper circuit
on February 20 following reports of
Adani Group is buying equity stake in
the company.
The share price of Ambuja Cements
gained 2 percent intraday on February
20, the day the company is to
announce its quarterly and full-year
earnings.
Bandhan Bank share price rose nearly
5 percent intraday on February 20
despite research house Macquarie
maintaining its underperform rating
on the stock.
Coronavirus outbreak is a black swan
event for markets, but is not a major
threat to India's economy, experts and
brokerages said.The concerns over the
impact of coronavirus on economic
growth have kept the markets across
the globe jittery.
After suffering losses for the six
consecutive sessions, shares of
IndusInd Bank jumped 3.57 percent to
close at Rs 1,181.75 on BSE on
February 20.
Shares of Piramal Enterprises gained
3.5 percent intraday on February 20
after ICICI Securities initiated a buy
rating on the stock with a target of Rs
2,025, implying 29 percent potential
upside from current levels, citing
strong opporutunity in consumer
space.
Adani Gas share price rose nearly 13
percent intraday on February 20 after
the company got a clean chit from the
Petroleum and Natural Gas
Regulatory Board (PNGRB).
Shares of Indian Railway Catering
and Tourism Corporation (IRCTC)
has been on a stellar run since its
listing in October 2019.The scrip has
returned a whopping 500 percent on
its list price of Rs 320 per share.
NEWS LETTER
Beyond Research,
Beyond Advice
22nd February 2020
Issue – 387
Market News
MARKET-HUB
Results & Corporate Action
MARKET-HUB
Nifty Spot in Last Week:-
As we saw the Price Movement in Nifty Spot in last week that In Upside is
12,246.20 and in Downside 11,990.75.
Nifty Spot in Upcoming Week:-
There is strong Resistance is 12,222 if not close above this level then we will see sell
on rise down side target 12,000 to 11,950 possibility.
Bank Nifty in Upcoming week:-
There is strong Resistance is 31,600 if not close above this level then we will see
down side target 30,500 to 30,000 possibility.
Market Technical
Page: - 2
BANKNIFTY WEEKLY CHART
NIFTY WEEKLY CHART
Recommendation for next week
MARKET-HUB
COPPER: - Sell on rise with stop loss 445 down
side target will be 418 possibilities, down side 418
level strong support.
CRUDEOIL: - Buy in deep with stop loss
3,610 upside target will be 3,800 possibilities, sell
on rise with stop loss 3890.
.
.
SILVER: - Buy in deep with stop loss
45,300 upside target will be 49,000
possibilities.
GOLD: - Buy in deep with stop loss 41,800
upside target will be 43,300 possibilities.
Commodity Market
MARKET-HUB
Currency
FUT
LEVEL
DEMAND
ZONE
LEVEL
CLOSE SUPPLY
ZONE
LEVEL
D2 D1 S1 S2
USDINR 71.30 71.50 71.67 71.85 72.10
GBPINR 91.00 91.80 92.24 92.77 93.30
EURINR 76.80 77.00 77.39 77.83 78.19
JPYINR 62.80 63.30 63.95 64.41 64.81
USDINR: - Investors can buy on deep with stop
loss of 71.00 upside target will be 71.80 to 72.00
possibility, sell on rise with sl 72.20 target will be
71.00 possibility.
GBPINR: - Investors can buy in deep with
stop loss of 90.60 upside target will be 93.00
possibility, sell on rise with stop loss 93.50
down side target will be 91.80 possibility.
EURINR: - There is strong Resistance is
78.20 if not close above this level then we
will see sell on rise down side target 77.30
possibility.
.
JPYINR: Sell on rise with stop loss of
64.85 down side target will be 63.30
possibilities.
Currency Market (Future Levels)
MARKET-HUB
Premium / Discount
(USD/ INR) Based on Forward Rates
Duration Premium
One
month Forward
0.23
Three month
Forward
0.43
Six
month
1.23
One year 2.64
RBI reference Rates
Currency Rates
USD 71.40
GBP 92.82
Euro 77.36
100 Yen 65.04
Currency Corner
MARKET-HUB
5 Wealth Creation Tips from Ramesh Damani:
We all know that wealth creation is simple but not easy. We need to learn from
the people who have treaded on this path and have achieved some meaningful
success. Their experience can be our guiding principles.
Ramesh Damani is one such successful investor it is opportune time to learn
his views. Presenting here his ideas as appeared on Moneycontrol
News@moneycontrolcom
Learning never stops on D-Street, Ramesh Damani, member, BSE, tells
CNBC-TV18 in an exclusive interview, sharing his 30-year market journey.
Compounding: Start early and invest wisely
Yes, among the many things that time can do is also create wealth for
investors. Damani asks students to start saving early and invest wisely to take
advantage of the power of compounding.
If you are an MBA and saving Rs 10 lakh a year to retire rich, the way to do it
is compounding and investing early.
In your 30-year career, you could compound the money 10 times every three
years, and the same Rs 10 lakh, which you are saving regularly, will become
Rs 100 crore at the end of 30 years. But, it is easier said than done.
If you understand compounding, then a big part of your battle to attain
financial freedom has been won.
Invest wisely in a bear market
When everything seems to be heading south, investors get cold feet and don’t
put fresh money into markets.
Damani asks them to use bear markets to invest in stocks wisely and reap
benefits of higher returns in a bull market.
This too shall pass
Bull and bear markets move in a cycle. Right now, the broader market is in a
bear phase, while benchmark indices are up with small gains.
“I can feel it too that it is a slow-moving bear market, almost never-ending.
But, the word of wisdom is—this too shall pass,” says Damani. Every boom
has a seed of a bust and vice versa.
Page: - 3
MARKET-HUB
Good mentors and books
Damani advises young investors to read, a lot, and look out for mentors who
can hone their skills. Investing is all about discipline and reading helps get
there, he says. To become a great investor, one needs to read at least six to
eight hours a day.
History speaks for itself: the Sensex was at 100 in 1979 and touched 40,000 a
few months back. It translates into 400x move and that, too, without dividend.
It pays to be bullish on India
The next 25 years will likely to be better than the last 25, as opportunities to
make money will grow.
In the last 25 years we saw many ups and down, including financial crises and
geopolitical concerns, but the index managed to give a 16-17% compounded
rate without dividends.
“By the time second-quarter results come in most of the bad news would be
factored in and we could see a rebound in some of the midcaps names,” says
Damani.