Updates on Bullion, Base Metals and Energy Levels 13 Feb 2017

Gold on Wednesday held near three-month highs hit the session before, buoyed as political and economic uncertainty in the United States and Europe stoked safe-haven demand. "The biggest momentum behind gold is the fact that the U.S. Federal Reserve did not raise rates in the recent meeting, some uncertainties brought by U.S. President Donald Trump's policies and a weaker dollar. Controversy over Trump's temporary travel ban on people from seven Muslim-majority countries has recently boosted appetite for bullion as a safe-haven asset, while political uncertainty in Europe amid upcoming elections has buoyed the dollar. 

Crude oil futures strengthened further on Friday amid hopes the global supply glut is dwindling. According to the International Energy Agency (IEA), most OPEC members have complied with their output quotas. The IEA also upgraded its forecast for 2017 demand growth to 1.4 million barrels a day, from 1.3 million barrels projected in its January report. Traders even overlooked the report of rig count increase, as the oil services firm Baker Hughes said the U.S. rig count rose 8 to 591 rigs this week, marking the most since the week of Oct. 23, 2015 when the count stood at 594. Drillers have added rigs at a furious pace this winter.

Copper futures edged higher on MCX as investors enlarged their holdings tracking the surge in the demand for the commodity in spot market. The prices found further support from a firming trend in overseas markets as workers at BHP Billiton Escondida in Chile, the World's largest copper mine, went on strike on Thursday. Furthermore, export ban at Freeport-McMoRan’s copper mine in Indonesia is increasing concerns of supply deficit.  Meanwhile, the metal has been one of the major beneficiaries of the Trump trade.

Technical Level

Gold

Support at 28900 and Resistance at 28250--- 29400.

Traders can trade in a range with strict stop loss and wait for confirmation. Anything seems will update.

Silver

Support at 42200 and Resistance at 42750

Break and sustain above 42750 will take it to 43300---43800+ mark else could touch its support level if 42200 again.

Fresh selling can be initiated below 42200

Crude oil

Support at 3570---3520 and Resistance at 3620

Looks positive and could touch its resistance level of 3620. Close above 3620 will see further upside rally till 3680---3730 mark else it could test its support level of 3570---3520 again.

Looks weak only below 3520 mark on closing basis.

Copper

Support at 409 and resistance at 415

If unable to breach its resistance level if 415 then we can expect sharp downside panic in it and can touch its support level of 409 and then to 404---400 again.

Fresh buying can be initiated only above 415.00 mark.

More will update soon!!

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कमोडिटी बाजार : एग्री कमोडिटी : तुअर: नैफेड की खरीद 2.5 लाख टन के पार जा सकती है

दलहन के बफर स्टॉक के लिए सरकारी एजेंसी नैफेड जिस रफ्तार से किसानों से तुअर की खरीद कर रही है उसे देखते हुए लग रहा है कि नैफेड की ओर से सीजन के लिए तुअर की खरीद 2.5 लाख टन को पार कर सकती है, मार्केट टाइम्स को नैफेड सूत्रों से मिली जानकारी के मुताबिक 11 फरवरी तक एजेंसी ने देशभर के किसानों से करीब 1.8 लाख टन तुअर की खरीद कर ली है और आने वाले दिनों में यह खरीद बनी रहेगी।

दलहन की कीमतों में आई गिरावट से किसानों को घाटा न हो और भविष्य में किसान दलहन की खेती से दूरी न बनाएं इसके लिए सरकारी एजेंसियों को निर्देश है वह किसानों से दलहन खरीद को अभी बंद न करें और खरीद में तेजी बनाए रखें। पिछले हफ्ते महंगाई के मुद्दे पर हुई समिति की बैठक में सरकारी एजेंसियों को यह निर्देश दे दिया गया है।

नैफेड ने अबतक जो तुअर खरीदा है उसमें सबसे अधिक महाराष्ट्र से करीब 81,000 टन, तेलंगाना से 45,000 टन और कर्नाटक से 41,500 टन की खरीद की गई है, इसके अलावा मध्य प्रदेश, आंध्र प्रदेश और गुजरात से भी खरीद हुई है। 

Source: MarketTimesTv

More will update soon!!

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Allahabad Bank Q3 Result Update

Allahabad Bank reports net profit of Rs 75.26 crore in Q3FY17

Allahabad Bank has reported results for third quarter ended December 31, 2016.

The Bank has reported net profit of Rs 75.26 crore for the quarter ended December 31, 2016 as compared to net loss of Rs 486.14 crore for the same quarter in the previous year. However, total income of the Bank decreased marginally by 0.10% at Rs 5025.13 crore for the quarter under review as compared Rs 5030.19 crore for the corresponding quarter previous year.    

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 12.51%, as compared to 6.40% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.65% in Q3FY17.

Technical Levels for ALBK

Support at 71.50 and Resistance at 74.80---76.20

Break and sustain below 71.50 will take it to 69.50—68 and then to 65 else could touch its resistacne level of 74.80—76.20 again.

More will update soon!!

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Hindalco Industries Q3 Result Update

Hindalco Industries reports net profit of Rs 320.56 crore in Q3FY17

Hindalco Industries has reported results for third quarter ended December 31, 2016.

The company has reported a net profit of Rs 320.56 crore for the quarter ended December 31, 2016 as compared to net loss of Rs 32.75 crore for the same quarter in the previous year. Total income of the company increased by 13.88% at Rs 10134.78 crore for the quarter under review as compared Rs 8899.37 crore for the corresponding quarter previous year.      

Technical Levels for Hindalco

Support at 181.50 and Resistance 200

Break and sustain below 181.50 will take it 178---175 and then to 170 mark else could touch its resistance level of 200 again

Further upside rally will only if closes above 200.

More will update soon!!

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PTC India Q3 Result Update

PTC India reports 9% fall in Q3 net profit

PTC India has reported results for third quarter ended December 31, 2016.

The company has reported 9.08% fall in its net profit at Rs 42.57 crore for the quarter ended December 31, 2016, as compared to Rs 46.82 crore for the same quarter in the previous year. However, total income of the company increased by 7.89% at Rs 3132.48 crore for the quarter under review, as compared Rs 2903.31 crore for the corresponding quarter previous year.  

Technical Levels for PTC

PTC looks weak and could touch its support level of  83.50.

Break and Sustain below 83.50 will take it to 80--78 and then to 75 mark in days to come.

Hurdle intact at 92

More will update soon!!

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कमोडिटी बाजार : एग्री कमोडिटी : सरसों का भाव 22 महीने के निचले स्तर पर, बंपर पैदावार की उम्मीद से टूटा भाव

देश में सरसों की पैदावार में जोरदार इजाफा होने की उम्मीद से इसकी कीमतों में लगातार गिरावट देखी जा रही है। कमोडिटी एक्सचेंज NCDEX पर सोमवार को भाव घटकर 3,785 रुपये प्रति क्विंटल तक आ गया है जो अप्रैल 2015 के बाद यानि करीब 22 महीने में सबसे कम भाव है। केंद्र सरकार की ओर से सरसों के उत्पादन को लेकर अपना पहला अनुमान इस हफ्ते जारी हो सकता है और उम्मीद जताई जा रही है कि इस साल देश में उत्पादन 70-75 लाख टन के करीब रह सकता है। पिछले साल देश में करीब 68.21 लाख टन सरसों का उत्पादन हुआ था।

दरअसल इस साल देश में सरसों की बंपर बुआई हुई है साथ में अधिकतर जगहों पर मौसम भी फसल के अनुकूल रहा है, इन हालात में पैदावार में बढ़ोतरी होने की संभावना जताई जा रही है। 3 फरवरी तक देशभर में सरसों का रकबा 70.56 लाख हेक्टेयर दर्ज किया गया है, पिछले साल इस दौरान देश में 64.53 लाख हेक्टेयर में ही सरसों की खेती हो पायी थी।

देश के सबसे बड़े सरसों उत्पादक राज्य राजस्थान के कृषि विभाग ने पहले ही सरसों उत्पादन को लेकर अपना अनुमान जारी कर दिया है जिसके मुताबिक इस साल वहां पर सरसों की पैदावार में 1 लाख टन से ज्यादा का इजाफा हो सकता है।

राजस्थान कृषि विभाग के सूत्रों से मिली एक्सक्लूसिव जानकारी के मुताबिक इस साल राज्य में 33.61 लाख टन सरसों पैदा होने का अनुमान लगाया जा रहा है। पिछले साल राज्य में 32.51 लाख टन सरसों का उत्पादन हुआ था। 

Source: MarketTimesTv

More will update soon!!

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Update on Nifty levels, Bank Nifty levels and Equity Pick of the day 13th February 2017

Nifty 8793/Sensex 28334/ Bank Nifty 20213

26 Advances / 25 Declines/ 0 Unchanged

Indian benchmarks end flat ahead of IIP numbers

Indian benchmark indices ended the range bound day of trade on a flat note with positive bias as market participants remained cautious ahead of IIP numbers for December, which released later in the evening. India's industrial production fell by 0.4 percent year-on-year in December 2016, following a downwardly revised 5.6 percent growth in the previous month, as manufacturing output shrank by 2 percent (from 5.5 percent in November).Sentiments got some support with the report that Government's revenue collection from indirect tax grew by an impressive 23.9% during the April-January period, while that from direct tax rose by 10.79%. 

Total direct and indirect tax collections at the end of January stood at Rs 12.85 lakh crore, 76% of the Rs 16.99 lakh crore target, according to revised estimate for 2016-17. Besides, better-than-expected earnings by some companies also fuelled the positive sentiment. 

State Bank of India, the nation’s biggest lender, reported 70.88% jump in its consolidated net profit at Rs 2152.23 crore for the quarter ended December 31, 2016, as compared to Rs 1259.49 crore for the same quarter in the previous year. Also, Edelweiss Financial Services reported 46.87% rise in its consolidated net profit at Rs 155.18 crore for the quarter ended December 31, 2016, as compared to Rs 105.66 crore for the same quarter in the previous year. 

Meanwhile, Investors around the world turned bullish after US President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. Some support also came with the Labour Minister Bandaru Dattatreya’s conformation that the government was examining a proposal to let the Employees' Provident Fund Organisation (EPFO) invest 15% of its corpus via exchange-traded funds compared with 10% at present. The issue would be taken up in the next meeting of the Central Board of Trustees (CBT) of the fund. However, gains remained capped as Finance Minister Arun Jaitley warned that economies will become more inefficient and GDP will shrink if protectionist trend emerges in developed economies.

On the global front, Asian markets ended mostly in green on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after US President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. 

Higher crude oil prices also boosted investors’ sentiments. Further, the Japanese market ended higher as the yen weakened against the dollar, lifting shares of exporters. Investors are awaiting the outcome of Japanese Prime Minister Shinzo Abe’s meetings with Trump on Friday and the weekend. Meanwhile, European stocks rose in early trade, gaining ground for a fourth consecutive session, helped by a raft of positive corporate results.

Back home, after getting positive start, the local benchmark indices traded in tight range for most part of the session and ended with moderate gains.

FII Activity (10th Feb 2017)

The FIIs as per Friday’s data were net buyers in equity and debt segments both, according to data released by the NSDL.

In equity segment, the gross buying was of Rs 4964.41 crore against gross selling of Rs 4365.34 crore. Thus, FIIs stood as net buyers of Rs 599.07 crore in equities.

In the debt segment, the gross purchase was of Rs 1168.22 crore with gross sales of Rs 1064.31 crore. Thus, FIIs stood as net buyers of Rs 103.91 crore in debt.

Key Results 

Adani Transmission Ltd

AIA Engineering Ltd

Allahabad Bank

Allcargo Logistics Ltd

Bajaj Hindusthan Sugar Ltd

Balmer Lawrie & Company Ltd

BEML Ltd

Britannia Industries Ltd

Container Corporation Of India Ltd

DCM Shriram Ltd

Dishman Pharmaceuticals and Chemicals Ltd

Dynamatic Technologies Ltd

Entertainment Network (India) Ltd

GlaxoSmithkline Consumer Healthcare Ltd

GMR Infrastructure Ltd

Hindalco Industries Ltd

Hindustan Petroleum Corporation Ltd

Infibeam Incorporation Ltd

Jindal Poly Films Ltd

MMTC Ltd

Motherson Sumi Systems Ltd

Muthoot Finance Ltd

National Aluminium Company Ltd

NBCC (India) Ltd

NMDC Ltd

Petronet LNG Ltd

Piramal Enterprises Ltd

Power Finance Corporation Ltd

Prestige Estates Projects Ltd

PTC India Financial Services Ltd

Reliance Infrastructure Ltd

Repco Home Finance Ltd

Sadbhav Engineering Ltd

SJVN Ltd

SKF India Ltd

Sunteck Realty Ltd

Tata Investment Corporation Ltd

Yamini Investment Company Ltd

Now what to expect next??

Nifty Future Levels 

Support 8720 and resistance at 8850.

Trading in range, either side breakout with volume will decide further.

Wait for confirmation

Bank Nifty Future Levels

Support at 19900 and resistance at 20650.

Trend looks positive and could touch its resistance level of 20650, further upside rally will see on close above 20650 else could touch its support level of 19900

Looks weak only below 19900

Today's Top Pick

Concor

Support at 1280 and Resistance at 1330.

Break and sustain above 1330 will take it to 1360--1390 and then to 1425+ mark in days to come else could touch its support level of 1280 again.

Fresh downside move will see only close below 1280 mark.

More will update soon!!

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