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Showing posts with label equity tips. Show all posts
Showing posts with label equity tips. Show all posts

Monday, 22 April 2019


BULLION - Bullion counter may open on positive note as gold prices edged up on Tuesday as Washington moved to choke off Iran's oil revenues, prompting safe haven buying, but gains were capped by a strong dollar and Asian shares hovering near a nine-month peak. The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. Russia raised its gold holdings by 19.4 tonnes in March, data from the International Monetary Fund showed on Monday. U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market, data showed on Monday.

ENERGY- Crude oil may extend recent gains as oil prices hovered near 2019 peaks in early trading on Tuesday after Washington abruptly moved to end all Iran sanctions waivers by May, pressuring importers to stop buying from Tehran. The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which allowed Iran eight biggest buyers, most of them in Asia, to continue buying limited volumes. Before the reimposition of sanctions last year, Iran was the fourth-largest producer among the Organization of the Petroleum Exporting Countries (OPEC) at almost 3 million barrels per day (bpd), but April exports have shrunk well below 1 million bpd, according to ship tracking and analyst data in Refinitiv. Saudi Arabia is the world biggest exporter of crude oil and OPEC de-facto leader. The group is set to meet in June to discuss its output policy. U.S. natural gas futures settled higher on Monday as warmer-than-normal weather boosted cooling demand, ending six days of declines. 

BASE METAL - Base metals prices may trade with firm bias. Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs. Nickel prices fell on Tuesday, with new data showing a global nickel deficit had narrowed at the end of February, while investors worried that China may ease its stimulus measures. The global nickel market deficit narrowed to 2,000 tonnes in February from a revised deficit of 3,700 tonnes in January, and was much smaller than a 7,200-tonne deficit in the same month last year, the International Nickel Study Group said on Monday. Sentiment was also weighed down by worries that China will ease up on simulative policies after some signs of stabilization in its economy, pulling Chinese stocks down in their worst session in nearly four weeks on Monday. 


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Wednesday, 10 April 2019

MCX update

BULLION - Bullion counter may witness some profit booking at higher levels. Gold on Thursday hovered near a two-week peak touched in the previous session, as the dollar struggled after the U.S. Federal Reserve and the European Central Bank signaled steady interest rates amid a slowing global economy. The dollar held near two-week lows as Fed minutes reinforced dovish policy expectations while the pound held recent ranges after European leaders extended the deadline for Britain to leave the union, averting a no-deal Brexit. The Fed is likely to leave interest rates unchanged this year given risks to the U.S. economy from a global slowdown and uncertainty over trade policies and financial conditions, according to the minutes from its March 19-20 policy meeting. U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth. European Union leaders agreed to grant British Prime Minister Theresa May a new Brexit deadline of Oct. 31, officials said, after French President Emmanuel Macron opposed efforts to give her another year.

ENERGY- Crude oil may trade lower as oil prices fell on Thursday after U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production. U.S. crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the Energy Information Administration said on Wednesday. U.S. crude oil production EIA remained at a record 12.2 million barrels per day (bpd), making the United States the world biggest oil producer ahead of Russia and Saudi Arabia. Despite this growth in U.S. supply, global oil markets remain tight amid supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), U.S. sanctions on oil exporters Iran and Venezuela, and escalating fighting in Libya. Venezuela oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, with production plunging to 960,000 bpd in March, a drop of almost 500,000 bpd from February. U.S. natural gas futures gained less than a penny on Wednesday as declining output offset forecasts for cooler weather and less heating demand next week.

BASE METAL - Base metals prices may trade with negative bias. London copper on Thursday was almost unchanged, as support from progressing U.S.-China trade talks was countered by rising supply and concerns about a global slowdown. Copper stockpiles in warehouses monitored by the Shanghai Futures Exchange stayed at 257,320 tonnes by the end of last week, up from around 100,000 tonnes at the beginning of this year. Chinese miner MMG Ltd has sent some supplies and personnel to its copper mine Las Bambas after protesters in Peru partially suspended their two-month road blockades, a company source said on Wednesday. Chile Codelco, the world biggest copper producer, is set to shell out $40 billion in 10 years to overhaul its century-old Chuquicamata and El Teniente mines.  


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Monday, 25 February 2019


MCX Updates

BULLION - MCX Gold and silver may witness choppy trade in line with international market but bias may be on the downside. COMEX gold trades in a narrow range near $1330/oz after 0.2% decline yesterday. Gold has corrected from recent highs but has turned range bound awaiting more clarity on US China trade issue, Brexit and Fed�s monetary policy. US President has decided to extend the March 1 deadline to impose higher tariffs on Chinese imports and also plans to meet Chinese President to finalize the deal. However, President Trump also said Monday an agreement "might not happen at all� and this fuelled some nervousness in the market. On Brexit front, UK Prime Minister has delayed a final vote to March 12 while there are report that Theresa May is considering a plan to delay Brexit. Fed has maintained patient rate hike stance but recent FOMC minutes showed that the central bank is not that dovish. Further clarity will come from Fed Chairman Jerome Powell�s testimony. ETF outflows show weakening confidence in gold�s price gains. Gold holdings with SPDR ETF fell by 1.1 tonnes to 788.331 tonnes. Gold may witness range bound movement unless we get more clarity on US China trade issue and Feds monetary policy stance however bias may be on the downside as risk sentiment has improved while ETF outflow continue.

ENERGY- Crude Oil- MCX Crude may witness choppy trade in line with international market but buying could emerge at lower levels. NYMEX crude trades weaker near $55 per barrel after a sharp 3.1% decline yesterday. Crude oil came under pressure post US President�s comments on higher price. US President Donald Trump tweeted that prices are too high and called on OPEC to �relax and take it easy�� President Trump last year had expressed concerns about higher crude price which were near 4-year high and this caused OPEC to consider a production hike. Market reacted sharply to Trump�s comments yesterday amid concerns that OPEC may come under pressure and stop production cuts however OPEC is unlikely to bide under pressure as price are still not that high. Also weighing on crude oil are reports of restart of crude production at Saudi Arabia�s 1 million barrel per day Safaniyah oilfield. Equity markets also turned choppy after initial enthusiasm over US-China trade progress. Also weighing on crude price is expectations of another increase in US crude oil stocks. However, supporting price is OPEC�s production cuts and supply issues relating to Venezuela and Iran. Easing worries about US-China trade dispute is also supportive for commodities at large. Crude rallied over 25% since start of the year without any significant correction. The sell-off was long overdue and President Trump�s comments were just the trigger. We believe that market overreacted to President Trump�s comments and we could see some stability in coming sessions. Focus today will be on US economic data and any comments from OPEC post Trump�s statement.

Natural Gas- MCX Natural gas may note some gains tracking cues from international exchange. NYMEX natural gas trades mixed near $2.8/mmBtu after a sharp 4% rally in previous session. Supporting gas price is forecast of cold weather in US which will increase heating demand. Also supporting price is supply outage in Texas and expectations of another bigger than average decline in gas stocks. However, weighing on price is nearing end of high demand winter season and higher US gas production. Natural gas lately plunged to 1 year low and we are now seeing some recovery. While cold weather in US has lent support to price, the gains are partly also due to short covering ahead of contract expiration. Natural gas has broken the $2.8/mmBtu level and could see some extended gains.

BASE METAL - Base metals on LME trade sideways to lower today after noting a volatile session yesterday. LME Lead was the best performer with 0.6% gains followed by nearly unchanged Copper prices. In other metals, Aluminium Nickel and Zinc closed 0.4%, 0.1% and 0.2% lower respectively. 



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com

Tuesday, 19 February 2019

MCX UPDATES

BULLION - MCX Gold and Silver may note some gains tracking cues from international exchange. COMEX gold trades higher near $1348/oz and has tested the highest level since April 2018. Gold has benefitted from general correction in US dollar index as market players position for FOMC minutes and US-China trade talks. FOMC minutes due today will reflect on Fed�s stance on rate hikes as well as bond reduction plan. Disappointing US economic data and global economic challenges indicate that Fed may maintain patient rate hike stance. Meanwhile, minutes may show that there were discussions on ending bond reduction plan. US-China negotiations resume Tuesday and are scheduled to continue through Friday. Meanwhile, he US is asking China to keep its currency stable as part of the negotiations. It is likely that we may not see a major breakthrough this week amid possibility of US extending the March 1 deadline and amid possibility of a meeting between US and Chinese President. Gold and other precious metals have also benefitted from rally in palladium price which has hit record high level today on supply tightness concerns. ETF outflows however show weaker investor interest in gold at higher price. Gold holdings with SPDR ETF fell by 0.58 ton to 792.446 tonnes. Gold has rallied sharply after breaking past the $1330/oz level and the rally will sustain only if we see further signs of dovish tilt in Fed�s monetary policy stance.

ENERGY- Crude Oil- MCX Crude may note choppy trade tracking cues from international exchange but overall bias is still on the upside. NYMEX crude trades in a narrow range above $56 per barrel holding on to recent gains. Supporting crude price is supply disruption at Saudi�s Safaniyah oilfield and Saudi Arabia�s pledge to deepen production cuts as part of OPEC-non OPEC production cut deal. Meanwhile, reports noted that Russian President Vladimir Putin and Saudi King Salman Bin Abdulaziz agreed to extend their joint cooperation on the global oil market. This will ease market concerns that Russia�s hesitance on continuing with production cuts. However, weighing on crude price is higher US output. As per US EIA latest drilling report, crude production from shale resources is expected to rise by another 1% in March. Also weighing on price is expectations of another increase in US crude oil stocks. Amid other factors, crude remains in a range as market players focus on US-China trade talks. US-China negotiations resume Tuesday and are scheduled to continue through Friday. As per reports, the US is asking China to keep its currency stable as part of the negotiations. Weakness in US dollar ahead of FOMC minutes has also lent some support to commodities at large. Crude may witness choppy trade amid positioning near contract expiry but buying on dips is recommended as supply concerns persist and US-China trade talks continue to progress.

Natural Gas- MCX Natural gas may note mixed trade in line with international market but selling could be considered at higher levels. NYMEX natural gas trades marginally lower near $2.65/mmBtu after a 1.4% gain in previous session. Forecast of cold weather in some parts of US and expectations of a bigger than average decline in gas stocks has lent some support to price. The sharp rise in crude oil price has also lent some support to gas price. However, weighing on price is nearing end of high demand winter season and higher US output. Mixed factors may keep gas in a range however selling could be considered at higher levels as ending winter season may keep a check on demand expectations.

BASE METAL - Base metals on LME trade sideways to higher today after most metal ended in green yesterday. LME Nickel was the best performer with 1.65% gains followed by 0.7% rise in Copper and Zinc prices. In other metals however Aluminium ended unchanged while Lead closed 0.4% lower.


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Monday, 18 February 2019


 
BULLION - MCX Gold and Silver may witness choppy trade in line with international market but buying could be considered at lower levels. COMEX gold trades near $1328/oz after testing the highest level since April 2018. Gold has benefitted from correction in US dollar index from recent highs as market players await more clarity on US-China trade and Fed monetary policy stance. US-China trade talks will continue in Washington this week and while talks are progressing well there has been no concrete announcement yet. Also market players are assessing the possibility of US extending the March 1 deadline and potential of a meeting between US and Chinese President. Meanwhile trade worries rose as US investigators submitted report on the effect of imports of automobiles and automobile parts on the national security of the US increasing possibility of auto tariffs. European Union vowed prompt retaliation if the US imposes tariffs on imported vehicles. FOMC minutes due this week will reflect central bank stance on rate hikes as well as balance sheet reduction plan. Amid other factors, ETF outflows show weaker investor interest however this may change if price holds near $1330/oz levels. Gold may witness choppy trade awaiting fresh cues however overall bias is still positive given increasing global uncertainty and dovish tilt of major central banks.

ENERGY- Crude Oil- MCX Crude may witness choppy trade in line with international market but overall bias is still positive. NYMEX crude trades near $55.75/bbl after hitting a November 2018 high of $56.06/bbl earlier this week. Brent crude trades weaker near $66/bbl after yesterday modest gain. Crude rallied sharply last week as rally in US equity market was coupled with Saudi�s pledge to deepen production cuts and supply disruption at Saudi�s Safaniyah oilfield, world's largest offshore oilfield. The rally came to a halt as market players assess US-China trade talks as well as longevity of supply outage in Saudi Arabia. Talks between US and China are progressing however there has been no concrete announcement yet while there is a possibility that US may extend the March 1 deadline. Tensions between US and European Union rose after EU vowed prompt retaliation if the US imposes tariffs on imported vehicles. On supply side, there is not much clarity on how long the supply disruption in Saudi will continue. OPEC has achieved 70% compliance with production cut deal that will run from January to June and Saudi has indicated that it is willing to deepen cuts. In further signs of falling supply from Saudi, reports noted that Saudi exports fell 6.7% to 7.687 million barrels per day in December. Crude�s rally is also challenged by rising US crude stocks, record high US crude production and Russia�s hesitance in extending cooperation with OPEC. Crude has rallied sharply in last few days and lack of fresh factors could result in some profit taking but overall bias is still positive given progress in US-China trade talks and OPEC�s production cuts.

Natural Gas- MCX Natural gas may note mixed trade in line with international market but sell on rise is suggested.
NYMEX natural gas trades mixed near $2.63/mmBtu holding on to last week�s minor gain. Natural gas has seen some buying interest after recent drop to 1-year low. US weather forecasts are mixed as cold snap is forecasted in western and Midwest US while warmer weather is seen in East Coast. On supply front, production remains high while smaller than average decline in gas stocks has eased tightness concerns. Drop in rig count however questions the sustainability of production growth. Natural gas may witness choppy trade unless there is clarity on weather front but overall bias remains weak as winter is nearing an end and US supply is not as tight.

BASE METAL - Base metals on LME trade sideways to lower today following mixed movement yesterday. LME Lead was the worst performer with 2.3% drop followed by 0.6% slide in Zinc prices and modest 0.2% decline in Aluminium prices. In other metals however Copper prices ended with 1.4% gains while Nickel ended 0.4% higher.



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com



DAILY NIFTY SMART MOVERS 
SCRIPTS PRICE VOLUME (IN 000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)
Bharti Infratel 314.00 119.90 307.00 2.28 7.00
Zee Entertainment 437.65 248.46 429.85 1.81 7.80
Britannia Inds 2907.50 31.65 2860.85 1.63 46.65
ONGC 137.10 464.54 135.10 1.48 2.00
Tata Motors 163.00 1406.31 161.10 1.18 1.90


DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE VOLUME (000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)
Tata Power 65.40 401.68 69.25 -5.56 -3.85
Crompt.Greaves Cons. 193.55 33.62 202.00 -4.18 -8.45
Bajaj Hold & Invest 3039.00 1.23 3153.10 -3.62 -114.10
Ambuja Cement 197.85 398.40 204.95 -3.46 -7.10
Cummins India 662.20 34.74 685.00 -3.33 -22.80


BEST CALL OF THE DAY (FINAL TG )

HNI OPTION 

BUY INFRATEL CALL 310 FINAL TGT 


CASH INTRADAY 

BUY INFRATEL IN CASH FINAL TGT 

SELL RADICO IN CASH ALMOST FINAL TGT 


FUTURE INTRADAY 

SELL PIDILITIND FUT FINAL TGT 


HNI CASH 

BUY BRITANNIA IN CASH BOOKED 50% 


OPTOIN STRATEGY 

BUY DHFL CALL 120 ALMOST FINAL TGT 



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com

Tuesday, 12 February 2019


MCX updates

BULLION - MCX Gold and Silver may note mixed trade in line with international market but general bias may be on the downside. COMEX gold trades in a narrow range near $1310/oz amid mixed cues. Support from correction in US dollar and central bank buying is countered by gains in equity market and continuing ETF outflows. The US dollar index trades little changed near 96.6 levels after a 0.4% decline yesterday. The US dollar weakened after eight days of gains as easing worries about US government shutdown and US-China trade dispute reduced safe haven demand. US President Donald Trump said he's open to extending a March 1 deadline to raise tariffs on Chinese products if the two sides are near an agreement. US lawmakers reached a deal in principle to avert another shutdown while President Trump has indicated he may consider the proposal. Asian equity markets trade largely higher today after 1.5% gain in US market yesterday. ETF outflows however show waning confidence about gold�s recent price gains. Gold holdings with SPDR ETF fell by 3.233 tonnes to 798.885 tonnes. Gold has been trading in a narrow range above $1300/oz and this may continue unless there is more clarity on US-China trade issue, Brexit and US government shutdown however for the day the bias may be on the downside owing to improved risk sentiment.

ENERGY- Crude Oil- MCX Crude may note some gains tracking cues from international exchange but upside is limited. NYMEX crude trades higher above $53 per barrel after a 1.3% gain yesterday. Supporting crude price is API weekly report which noted an unexpected 0.998 million barrel decline in US crude oil stocks and a smaller than expected rise in gasoline stocks. Also supporting crude price is gains in US equity market and correction in US dollar amid easing worries about US government shutdown and US-China trade dispute. US President Donald Trump said he's open to extending a March 1 deadline to raise tariffs on Chinese products if the two sides are near an agreement. US lawmakers reached a deal in principle to avert another shutdown while President Trump has indicated he may consider the proposal. Also supporting crude price is Saudi�s pledge to cut more output in coming months. Saudi Arabia said it would pump about 9.8 million barrels a day next month, lower than the 10.311 million barrel day limit agreed in the production cut deal. However, weighing on price is downbeat demand outlook and higher US gas production. The US EIA cut its 2019 world oil demand growth forecast by 50,000 barrels per day to 1.49 million bpd to average 101.45 million bpd. EIA also expects US crude oil output to rise 1.45 million bpd this year to record level of 12.41 million bpd. OPEC, in its monthly forecasts, lowered forecast of OPEC demand by 0.2 mn bpd to 30.6 million bpd.

Natural Gas- MCX Natural gas may trade with a downward bias tracking cues from international exchange. NYMEX
Natural gas slipped more than 1% to trade near $2.65/mmBtu after a 1.7% gain yesterday. Mixed factors have resulted in mixed trade in gas price. Supporting gas price is forecast of cold weather in US which will increase heating demand. However, market players are concerned that with nearing end of winter season weather related demand may not be strong enough to boost prices. Also supporting price is higher US gas production and expectations of a smaller than average decline in gas stocks. Mixed factors and positioning ahead of inventory report may keep gas price choppy but general bias may be on the downside.

BASE METAL - Base metals on LME trade with a positive bias today after a weaker close yesterday. LME Zinc continued to be the worst performer with 1.4% drop followed by 1% decline in Aluminium prices and 0.7% slide in Copper prices. In other metals Nickel and Lead too ended 0.6% and 0.5% lower respectively.




Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com