Sell USDINR; target of : 82.50 : ICICI Direct
ICICI Direct, The US dollar slipped by 0.4% yesterday after US FOMC meeting minutes failed to provide any new information about the size of its expected rate hike in the upcoming meeting.Tag: News
ICICI Direct, The US dollar slipped by 0.4% yesterday after US FOMC meeting minutes failed to provide any new information about the size of its expected rate hike in the upcoming meeting.
Vedanta: Short term Sideways
Vedanta’ daily trend is sideways. RSI for monthly, weekly, and daily are all indicating a sideways trend. Based on option chain analysis, the range is between 300 and 320. Let’s plan a trade around this.Buy Havells India, target price Rs 1170 : Axis Securities
Havells India, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 71970.11 Crore) operating in Consumer Durables sector.Expect this Budget to be about fiscal prudence much more than policy issues: Anshul Saigal
“We remain quite positive on the BFSI space. We think this is a space where the forgotten, the less loved banks are going to give a significant upside in terms of multiple expansion. But the well researched larger banks are going to give compounding returns over the next two to three years. So overall, this is a good space to be in. Next year, NBFCs will also join the party.”
Oil slumps 9% in two days on demand concerns, Brent below $79/bbl
A surge in Covid-19 cases across China is clouding the near-term demand outlook, overshadowing optimism commodity consumption in the world’s top importer will eventually rebound.
Tencent’s return to top 10 club shows China rebound bets soaring
The Chinese tech giant’s return to the group of biggest global companies also underscores the whipping US stocks have taken over the last year, primarily due to massive monetary tightening by the Federal Reserve.
Agri Picks Report: Geojit
According to Geojit , Barring coriander, other spices were up on NCDEX on Wednesday. Jeera futures pared initial losses and inched up on concerns over production.Big Movers on D-St: What should investors do with FACT, RCF, Linde India and United Spirits?
Its trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range of Rs 365 and 390 levels. Keep a stop loss at 240 on a closing basis.Corporate Radar: Supreme Infrastructure, RHI Magnesita board meetings and more
The infra company will consider and approve unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2022.The company’s board meeting will be held to issue and allot 2,70,00,000 equity shares of the company on preferential basis to DBRL.