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

Friday, 12 April 2019


PC Jeweller stock soars post block deal
Shares of PC Jeweller soared 16% in the last hour of the trading session. Around 50 lakh shares or 1.3% equity shares worth Rs54cr trade in four blocks on NSE at Rs103-109.70/sh, as per media reports.
PC Jeweller Ltd is currently trading at Rs111.50, up by Rs15.75 or 16.45% from its previous close of Rs95.75 on the BSE. The scrip opened at Rs96.15 and has touched a high and low of Rs114.80 and Rs95.65 respectively.

Lupin gains 2% on launch of Testosterone Gel
Shares of Lupin were trading 2% higher on Friday after the company launched Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), having received approval from the United States Food and Drug Administration (FDA).
"Lupin's Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), is the generic equivalent of AbbVie Inc's AndroGel, 1.62%," the company said in a press note to the exchanges on Friday.
It is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone- Primary hypogonadism (congenital or acquired) and Hypogonadotropic hypogonadism (congenital or acquired).

Maruti Suzuki says ALTO K10 prices to increase across variants
Maruti Suzuki said in the press note on Thursday that it has hiked the price of its Alto K10 model across India following its upgrade with safety features in compliance with the "AIS-145 Safety Norms".
The price revision will be effective from April 11, 2019.
"Alto K10 is now compliant with AIS-145 Safety Norms. This will result in a price increase in all variants of Alto K10 models. Depending on features introduced across variants, the ex-showroom price in Delhi and NCR region will vary from Rs3,65,843 to Rs4,44,777."

Sun Pharma executive, wife settle insider trading case with Sebi
Sun Pharma group senior executive, Abhay Arvind Gandhi, and his wife Kiran have settled with Securities and Exchange Board of India (SEBI) a case related to insider trading in shares of Ranbaxy Laboratories in 2014, a PTI report said.
As per the report, both have paid a total of ~Rs70 lakh as settlement charges. Gandhi and Kiran traded in 454 shares and 6,770 shares, respectively, during the Unpublished Price Sensitive Information (UPSI) period.

SpiceJet to induct 16 Boeing 737-800 aircrafts
Shares of SpiceJet jumped in the morning trade on the BSE as the aviation company will induct 16 Boeing 737-800 NG aircrafts on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft.
The new inductions will not just bring down flight cancellations to nil but also help in SpiceJet aggressive international and domestic expansion plans.
Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.

Lemon Tree gains after brokerage upgrade
Shares of Lemon Tree Hotels were trading higher on Friday trade after global firm CLSA maintained a buy rating on the stock.
According to the media reports, the global brokerage firm CLSA has maintained a buy rating on the stock in a recent report, saying Key acquisition, new management contract opportunities to help gain scale.
The brokerage firm has given a price target of Rs89 per share. It said the company is gaining scale with the recently announced intention to acquire Keys hotels, which will add 26% to owned room count and 55% to managed room count, the report added.


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, 18 March 2019


BULLION - Bullion counter may trade with sideways to positive bias as old prices rose for a third consecutive session on Tuesday as the dollar weakened on expectations that the U.S. Federal Reserve will maintain a dovish tone at its monetary policy meeting this week. Traders currently expect there will be no U.S. rate hikes this year, and is even building in bets for a rate cut in 2020. Federal Reserve Chairman Jerome Powell will speak at a news conference on Wednesday. Gold can witness bounce back towards 31800. Silver can take support near 37800 and can recover towards 38250. Prime Minister Theresa May's Brexit plans were thrown into further turmoil on Monday when the speaker of parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in a fundamentally different form. European Union leaders could hold off making a final decision on any Brexit delay when they meet in Brussels later this week, senior diplomats in the bloc said, depending on what exactly British Prime Minister Theresa May asks them for.

ENERGY- Crude oil (Apr) may trade on sideways path as it may trade in range of 4060-4120 in MCX. Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting prices, although traders said the market may be capped by rising U.S. output. The Organization of the Petroleum Exporting Countries (OPEC) on Monday scrapped its planned meeting in April, effectively extending supply cuts that have been in place since January until at least June, when the next meeting is scheduled. OPEC and a group of non-affiliated producers including Russia, known as OPEC+, started withholding supply to halt a sharp price drop in the second-half of 2018, when markets came under pressure from surging output as well as an economic slowdown.

BASE METAL - Base metals prices may trade with positive bias. Copper may test 446 while taking support near 441 in MCX. Copper prices ticked up on Tuesday, supported by China�s announcement to cut tax for manufacturers from next month to boost growth in the world�s second-largest economy. China will cut value-added tax for manufacturing and other sectors on April 1, Premier Li Keqiang said on Friday, adding that cuts in taxes and fees remained a key measure to cope with downward pressure on its economy. Aluminium and nickel contracts ticked up on both London and Shanghai exchanges, with the three-month London aluminium hovering near an over-two-week high level.


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, 5 March 2019


BULLION - Bullion counter may trade sideways path as gold hovered Gold held steady on Wednesday after recovering from more than five week lows in the previous session, drawing support from choppy equities, while a stronger dollar capped gains. Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from U.S.-China trade negotiations and a weaker Wall Street finish capped broader gains, while robust U.S. economic data supported the dollar. Gold can take support near 32100 while it can face resistance near 32400. Silver can test 38350 while facing resistance near 38700. Sales of new U.S. single-family homes rose to a seven-month high in December, but November's outsized jump was revised lower, pointing to continued weakness in the housing market. U.S. President Trump will reject any U.S.-China trade deal that is not perfect but that the United States will still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview. The Perth Mint's February sales of gold products fell to the lowest level since June last year, declining more than 37 percent from the previous month, it said on Tuesday.

ENERGY- Crude oil may open on negative note as oil prices fell more than 0.5 percent on Wednesday as bullish output forecasts by two big U.S. producers outweighed recent OPEC-led efforts to rein in crude production. Chevron Corp and Exxon Mobil Corp released duelling Permian Basin projections on Tuesday pointing to big increases in shale oil production. Data from the American Petroleum Institute (API), an industry group, also showed larger-than-expected U.S. crude stockpiles. Crude oil can test 3900 while facing resistance near 4000. U.S. crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million, compared with analystsâ�� expectations for an increase of 1.2 million barrels, API said. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.1 million barrels. Natural gas may test 206 while taking support near 200 in MCX. U.S. natural gas futures edged up to a five-week high on Tuesday as utilities pulled huge amounts of gas out of inventories to heat homes and businesses to deal with a frigid cold snap blanketing much of the country this week. 

BASE METAL - Base metals prices may trade with sideways to weak bias except Nickel. U.S. President Trump will reject a U.S.-China trade deal that is not perfect, but the United States would still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview. Pompeo had earlier said he thought the two sides were "on the cusp" of a deal to end their trade war, adding to positive signs about negotiations from both sides of the Pacific. Copper may test 455 while taking resistance near 465 in MCX. Zinc can test 195 while facing resistance near 199. Lead can trade on mixed path in range of 147-150. Nickel can also test 970 while taking support near 950. London nickel prices edged higher for a fourth straight session on Wednesday as low stock levels and recovering demand kept the metal used to make stainless steel at a six-month high. LME nickel inventories have fallen for 10 days in a row to under 200,000 tonnes. Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the U.S.-China trade dispute could spur even more gains.

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

Thursday, 14 February 2019

Cotton futures (Feb) is likely to plunge further towards 20100-20000 levels.

CAPITALSTARS INVESTMENT ADVISER
 Cottonprices moved lower in Punjab, Haryana and upper Rajasthan, tracking weakness in US natural fiber. Sharp decline in domestic futures along with higher output estimate in China also weighed on spot prices. Worries about a looming March 1 deadline for a US-China trade agreement also dragged prices lower. Meanwhile, negotiators from the United States and China, the world's top soybean buyer, are trying to hammer out a trade deal before a March 1 deadline, when US tariffs on USD 200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. Guar seed futures (Mar) may face resistance near 4300 levels, while guar gum futures (Mar) is expected to remain below 8520 levels. The weekon-week declining ratio of guar seed to guar gum is depicting the fact that demand for these commodities are decreasing. Chana futures (Mar) is expected to take support near 4175 levels. The counter is trading higher at major markets in the country following firm cues from fresh physical trade activity at lower rates. Flour millers are actively purchasing chana due to cheaper prices and easy availability compared to White Pea. Moreover, the Cold waves and untimely rains may further damage the standing crop. Mentha oil (Feb) is likely to witness further rally & test 1650-1665 levels. Overall, sentiments are bullish as delayed sowing in the state is likely to affect the crop yield. As per reports, farmers are now worried as untimely rains and inclement weather conditions have delayed the sowing in key producing belts. The production is likely to be badly affected if weather conditions don't improve in the next few days. 

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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