CNX NIFTY |
The above chart is CNX Nifty Daily Chart. We
have seen a short term reversal from 8090 levels. Now the prices are moving in
a falling channel and currently are at the resistance levels. We can also see
that the prices have filled the gap near 8340 which also acts as the Resistance
levels for the prices.
As per the Weekly Charts, if we take the
retracements from 9119 levels to 7539 levels, we can see that the prices have
retraced 50% of the range which is 8330 and have not given weekly closing above
the 50% levels.
Prices can face Resistance near 8350 and 8500
levels.
Prices can face Support near 8200 and 8080
levels.
BANKNIFTY
The above chart is Banknifty Weekly Chart. We
have seen a short term reversal from 17600 levels. Now the prices are moving in
a falling channel and currently are at the resistance levels. We can also see
that the prices have filled the gap near 18050 levels which also acts as the
Resistance levels for the prices.
Prices can face Resistance near 18100 and 18500
levels.
Prices can face Support near 17400 and 17000
levels.
USD / INR FUTURES
The above chart is USD / INR Daily Chart. We
can see that there was a good up move from 64.60 levels and made a high around
67 and from there the prices have corrected to 64.80 levels. Currently the
prices are hovering near the strong Support Trend line which is between 64.50
and 64.80.
Prices can face Resistance near 18100 and 18500
levels.
Prices can face Support near 65.40 and 66
levels.
Conclusion
As per the Nifty Chart, prices are on the
Resistance Levels.
As per the Bank Nifty Chart, prices are on the
Resistance Levels.
As per the USD / INR Chart, prices are on the
Support Levels.
From the above 3 Points we expect the markets
to remain in the consolidation phase and can see low volatility in the Indices
until any of the Supports or the Resistances levels are triggered.
We expect that there should be good volatility
in Midcap and Small cap Stocks.
We Recommend that one should Play Stock
Specific in Midcap and Small cap Stocks…
SUNIDHI SECURITIES & FINANCE PVT. LTD.
Member: National Stock Exchange (Capital, F&O & Debt Market) & The Stock Exchange, Mumbai
SEBI Registration Numbers: NSE: INB 230676436 BSE: INB 010676436
Maker Chamber IV, 14th Floor, Nariman Point, Mumbai: 400 021
Disclaimer: "This Report is published by Sunidhi Securities & Finance Pvt. Ltd. ("Sunidhi") for private circulation. This report is meant for informational purposes and is not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. While utmost care has been taken in preparing this report, we claim no responsibility for its accuracy. Recipients should not regard the report as a substitute for the exercise of their own judgment. Any opinions expressed in this report are subject to change without any notice and this report is not under any obligation to update or keep current the information contained herein. Past performance is not necessarily indicative of future results. This Report accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this report. Sunidhi and its associated companies, directors, officers and employees may from time to time have a long or short position in the securities mentioned and may sell or buy such securities, or act upon information contained herein prior to the publication thereof. Sunidhi may also provide other financial services to the companies mentioned in this report."
|
Tuesday, October 27, 2015
Market Review
Sunday, October 11, 2015
Zinc Holds Record Advance After Glencore Cuts as Producers Gain
(Bloomberg) -- Zinc held its biggest advance since at least
1989 after Glencore Plc, the biggest miner of the metal, said Friday it plans to cut output by about a third. Shares in Korea Zinc Co. soared as much as 12 percent, the biggest intraday increase since 2011.
The metal used to galvanize steel rose as much as 1 percent to $1,855 a metric ton on the London Metal Exchange before trading at $1,826 by 10:52 a.m. in Hong Kong. Prices surged 10 percent Friday to the highest close in two months. Copper added as much as 0.6 percent to near a three-week high.
Metals capped their biggest weekly increase since May after Glencore announced its plan to cut zinc output, signaling some commodity producers are willing to scale back supply to combat declining prices. The slowdown in China’s economy, the world’s second-largest, is a headwind for industrial metals such as copper and aluminum, Goldman Sachs Group Inc. says. Trade data scheduled Tuesday will provide further clues on the country’s growth.
“A stronger-than-expected pickup in imports could see prices well supported this week,” Daniel Hynes, senior commodity strategist at Australia & New Zealand Banking Group Ltd. in Sydney, said by e-mail. “Interest will also be on the supply side, with the impact of Glencore’s cut in zinc production flowing into the rest of the sector.”
Stock Boost
Glencore’s cuts have helped other producers. Shares in Korea Zinc rallied in Seoul on Monday, catching up on last week’s gains in zinc prices, as IBK Securities Co. upgraded the stock to buy from neutral. The company climbed as much as 12 percent before trading 5.9 percent higher.
The global zinc market should swing to a deficit of 152,000 tons in 2016 from a surplus of 88,000 tons this year, as reductions in mine supply outside of China will curb output growth, the International Lead & Zinc Study Group said Friday.
The forecasts, prepared before Glencore’s announcement, don’t reflect the cuts, the group said.
Zinc for December delivery on the Shanghai Futures Exchange jumped as much as 4.8 percent before trading 2.8 percent higher.
On the LME, nickel rose 0.7 percent, while aluminum and tin retreated.
Industrial metals in London have tumbled 16 percent this year amid the slowest Chinese expansion in a generation. Whether a turnaround is imminent or more gloom lies ahead will dominate conversation at LME Week, the annual gathering of miners, traders and buyers that starts in London on Monday.
1989 after Glencore Plc, the biggest miner of the metal, said Friday it plans to cut output by about a third. Shares in Korea Zinc Co. soared as much as 12 percent, the biggest intraday increase since 2011.
The metal used to galvanize steel rose as much as 1 percent to $1,855 a metric ton on the London Metal Exchange before trading at $1,826 by 10:52 a.m. in Hong Kong. Prices surged 10 percent Friday to the highest close in two months. Copper added as much as 0.6 percent to near a three-week high.
Metals capped their biggest weekly increase since May after Glencore announced its plan to cut zinc output, signaling some commodity producers are willing to scale back supply to combat declining prices. The slowdown in China’s economy, the world’s second-largest, is a headwind for industrial metals such as copper and aluminum, Goldman Sachs Group Inc. says. Trade data scheduled Tuesday will provide further clues on the country’s growth.
“A stronger-than-expected pickup in imports could see prices well supported this week,” Daniel Hynes, senior commodity strategist at Australia & New Zealand Banking Group Ltd. in Sydney, said by e-mail. “Interest will also be on the supply side, with the impact of Glencore’s cut in zinc production flowing into the rest of the sector.”
Stock Boost
Glencore’s cuts have helped other producers. Shares in Korea Zinc rallied in Seoul on Monday, catching up on last week’s gains in zinc prices, as IBK Securities Co. upgraded the stock to buy from neutral. The company climbed as much as 12 percent before trading 5.9 percent higher.
The global zinc market should swing to a deficit of 152,000 tons in 2016 from a surplus of 88,000 tons this year, as reductions in mine supply outside of China will curb output growth, the International Lead & Zinc Study Group said Friday.
The forecasts, prepared before Glencore’s announcement, don’t reflect the cuts, the group said.
Zinc for December delivery on the Shanghai Futures Exchange jumped as much as 4.8 percent before trading 2.8 percent higher.
On the LME, nickel rose 0.7 percent, while aluminum and tin retreated.
Industrial metals in London have tumbled 16 percent this year amid the slowest Chinese expansion in a generation. Whether a turnaround is imminent or more gloom lies ahead will dominate conversation at LME Week, the annual gathering of miners, traders and buyers that starts in London on Monday.
SUNIDHI SECURITIES & FINANCE PVT. LTD.
Member: National Stock Exchange (Capital, F&O & Debt Market) & The Stock Exchange, Mumbai
SEBI Registration Numbers: NSE: INB 230676436 BSE: INB 010676436
Maker Chamber IV, 14th Floor, Nariman Point, Mumbai: 400 021
Disclaimer: "This Report is published by Sunidhi Securities & Finance Pvt. Ltd. ("Sunidhi") for private circulation. This report is meant for informational purposes and is not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. While utmost care has been taken in preparing this report, we claim no responsibility for its accuracy. Recipients should not regard the report as a substitute for the exercise of their own judgment. Any opinions expressed in this report are subject to change without any notice and this report is not under any obligation to update or keep current the information contained herein. Past performance is not necessarily indicative of future results. This Report accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this report. Sunidhi and its associated companies, directors, officers and employees may from time to time have a long or short position in the securities mentioned and may sell or buy such securities, or act upon information contained herein prior to the publication thereof. Sunidhi may also provide other financial services to the companies mentioned in this report."
Tuesday, October 6, 2015
ITC
 |
SUNIDHI SECURITIES & FINANCE PVT. LTD.
Member: National Stock Exchange (Capital, F&O & Debt Market) & The Stock Exchange, Mumbai
SEBI Registration Numbers: NSE: INB 230676436 BSE: INB 010676436
Maker Chamber IV, 14th Floor, Nariman Point, Mumbai: 400 021
Disclaimer: "This Report is published by Sunidhi Securities & Finance Pvt. Ltd. ("Sunidhi") for private circulation. This report is meant for informational purposes and is not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. While utmost care has been taken in preparing this report, we claim no responsibility for its accuracy. Recipients should not regard the report as a substitute for the exercise of their own judgment. Any opinions expressed in this report are subject to change without any notice and this report is not under any obligation to update or keep current the information contained herein. Past performance is not necessarily indicative of future results. This Report accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this report. Sunidhi and its associated companies, directors, officers and employees may from time to time have a long or short position in the securities mentioned and may sell or buy such securities, or act upon information contained herein prior to the publication thereof. Sunidhi may also provide other financial services to the companies mentioned in this report."
|
Subscribe to:
Posts (Atom)