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Wednesday, February 15, 2017
कमोडिटी बाजार : एग्री कमोडिटी : सोयाबीन: NCDEX ने थ्रेशहोल्ड लिमिट को घटाकर 3 लाख टन किया
Update on Nifty levels and Bank Nifty levels of the day 15th February 2017
Nifty 8792/Sensex 28339/ Bank Nifty 20258
21 Advances / 30 Declines/ 0 Unchanged
Indian benchmarks end nearly flat ahead of Janet Yellen's testimony
Indian frontline equity indices prolonged the lull for yet another day and finished the session on a dull note, marginally below the neutral line, as investors at large remained reluctant to build long positions ahead of Fed Chairwoman Janet Yellen's semiannual testimony before Congress. The session largely remained characterized by choppiness as the aimless indices moved in tight-range throughout the day. Sentiments tuned dismal after Wholesale inflation shot up to a 30-month high of 5.25% in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated. The overall inflation index of the fuel and power segment surged to 18.44% from 8.65% in the previous month.
However, Retail inflation, measured in terms of Consumer Price Index (CPI), fell to a 5 year low of 3.17% in January mainly on account of declining prices of food items including vegetables and pulses. Although micro-indicators of inflation showed mixed picture, many experts believes that significant fall in CPI base inflation is result of demonetization and it will not maintain its current range, while WPI base inflation will increase if the crude oil prices continued to rise. Further, trading sentiments remained subdued with a private report that India’s economic growth is likely to remain muted in the first quarter of this calendar year with the GDP likely to grow at 5.7% in the January-March period amid subdued activity.
However, investor got some comfort with Finance Minister Arun Jaitley’s statement that the Modi government's emphasis is on bold decision making and a clean economy with business friendly environment, the returns of which can be spent on the poor.
On the global front, Asian markets ended mostly lower on Tuesday as investors turned jittery ahead of testimony by the head of the Federal Reserve, which could highlight the likelihood of two or more U.S. interest rate hikes this year. Japanese markets edged lower after the yen strengthened on news that Trump's embattled national security adviser Michael Flynn has resigned over revelations that he had misled Vice President Mike Pence and other officials about his contacts with Russia.
Furthermore, Chinese market ended flat after data showed China's consumer price inflation accelerated to a 32-month high in January and producer prices climbed at the fastest pace since 2011, reinforcing market expectations the central bank will continue with monetary-tightening policies. Meanwhile, European markets declined for the first time in six sessions, moving slightly lower after economic growth data from Germany and the eurozone missed forecasts.
Back home, after getting positive start, the local benchmarks slipped into negative territory and continued their lackluster performance throughout the session and ended with moderate cut.
Yellen Sees More Rate Hikes Ahead If Economy Stays on Course
Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the U.S. economy meets the central bank’s outlook of gradually rising inflation and tightening labor markets.
“At our upcoming meetings, the committee will evaluate whether employment and inflation are continuing to evolve in line with these expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” she told the Senate Banking Committee in prepared remarks Tuesday.
Yellen’s semiannual report on monetary policy is her first since Donald Trump became president vowing to boost U.S. growth, which could push the Federal Open Market Committee to pick up the pace of rate hikes if such steps fan higher inflation. She reiterated that falling behind on inflation could harm to the economy and possible cut short the expansion.
“Waiting too long to remove accommodation would be unwise, potentially requiring the FOMC to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession,” she added.
FII Activity (14th Feb 2017)
The FIIs as per Tuesday’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 3893.35 crore against gross selling of Rs 3575.50 crore. Thus, FIIs stood as net buyers of Rs 317.85 crore in equities.
In the debt segment, the gross purchase was of Rs 990.26 crore with gross sales of Rs 221.52 crore. Thus, FIIs stood as net buyers of Rs 768.74 crore in debt.
Key Results
Asahi India Glass Ltd
Grasim Industries Ltd
Nestle India 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
More will update soon!!
Tuesday, February 14, 2017
Update on Basemetals of the day 14 Feb 2017
Zinc
Zinc.... Support at 195 and resistance at 198.50
Break and close above 198.50 will take to 202---204.50. Further upside rally will see only weekly close above 204.50 else it could test its support level of 195 again.
Break and close below 195 will see sharp downside panic till 191---188 mark.
Trade in a range with levels only
Lead
Support at 161 and resistance at 164---165.50.
Either side break or close with volume will decide further. Till then trade in a range with strict stop loss and wait for confirmation.
Nickel
Support at 710 and resistance at 725
Close above 725 will take to 740---755+++ mark else it could test its support level of 710 again.
Further downside panic will see only close below 710 mark.
Decisive close below 710 with volume will take to 695---688 and then to 680 mark
Trade with levels only
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!!
Updates on Bullion, Base Metals and Energy Levels 14 Feb 2017
Gold futures ended lower on Monday as the dollar strengthened against a basket of major currencies as investors focused again on the US reflation trade which dominated in the aftermath of Donald Trump's election as US President in November. Investors will also keep an eye out on a number of US economic reports in the week ahead, including the January producer price index on Tuesday, the January consumer price index and retail sales on Wednesday and housing-related data on Thursday.
Crude oil futures snapped their gaining streak on Monday amid speculation that robust US production has offset OPEC's supply cuts. A forecast by the government showed an expected higher production level from U.S. shale drillers in response to higher prices. US Energy Information Administration (EIA) said that Shale oil output in the US is expected to grow by 79,000 barrels per day by March, taking the overall output levels in the US to 4.83 million bpd.
Copper futures ended higher on Monday as closures of two of the world's biggest mines amplified concerns of a supply shortage. Miners in Chile's BHP Billiton site, the world's largest copper mine, last week walked out over a wage dispute, prompting the firm to announce that it would not meet its upcoming contractual obligations on metals shipments. Meanwhile, an export ban has caused Freeport-McMoRan to cease work in Indonesia after it failed to reach an agreement on a new mining permit with the government.
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 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 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.
Major Economic Data
07:00 P.M PPI m/m: Previous 0.3%, Forecast 0.3%, Actual –??
Impact – Increase in PPI - will have negative impact bullion and positive impact on base metals and dollar index vice – versa.
07:00 P.M Core PPI m/m: Previous 0.2%, Forecast 0.2 %, Actual –??
Impact – Increase in PPI - will have negative impact bullion and positive impact on base metals and dollar index vice – versa.
08.30 P.M Fed Chair Yellen Speaks
08:30 P.M Fed Monetary Policy Report
More will update soon!!
कारोबार : हार्ट अटैक का ईलाज हुआ सस्ता, स्टैंट की कीमत 7,290 रुपये निर्धारित
Sun Pharma Q3 Result Update
Sun Pharma Q3 profit falls 5% to Rs 1472 cr on higher tax cost
Sun Pharma 's third quarter profit fell 4.7 percent year-on-year to Rs 1,472 crore, impacted by higher tax cost. Revenue increased 11.1 percent to Rs 7,912.6 crore compared with year-ago period.
Operating profit margin stood at 31 percent in Q3FY17 against 31.5 percent in Q3FY16. Tax expenses during the quarter jumped significantly to Rs 373 from Rs 89 crore on year-on-year basis.
Technical Levels for Sunpharma
Support at 640 and Resistance at 665
Break and sustain above 665 will take it to 675—690 and then to 705+ mark , else could touch its support level of 640.
Looks weak below 640 only.
More will update soon!!
Fortis Healthcare Q3 Result Update
Fortis Healthcare reports consolidated net profit of Rs 453.29 crore in Q3
Fortis Healthcare has reported results for third quarter ended December 31, 2016.
The company has reported a net loss of Rs 61.47 crore for the quarter under review as compared to Rs 14.33 crore for the same quarter in the previous year. However, total income of the company increased by 8.98% at Rs 199.97 crore for the quarter under review as compared Rs 183.50 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a net profit of Rs 453.29 crore for the quarter ended December 31, 2016 as compared to net loss of Rs 29.16 crore for the same quarter in the previous year. Total income of the company increased by 14.71% to Rs 1192.31 crore for quarter under review from Rs 1039.38 crore for the quarter ended December 31, 2015.
Technical Levels for Fortis Healthcare
Support at 180 and Resistance at 200—205
Looks positive and could touch its resistance level of 200—205.
Break and sustain above 205 will take to 210—220 and then to 230+ mark else could touch its support level of 180 again.
Looks weak below 180.00
More will update soon!!
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Tata Motors Q3 Result Update
Tata Motors Q3 profit tanks 96% on weak JLR operational nos
Commercial vehicle and luxury car maker Tata Motors ' third quarter profit after tax on consolidated basis fell sharply by 96 percent year-on-year to Rs 112 crore, impacted by big loss in domestic business and operational weakness in JLR.
"For the quarter ended December 31, 2016, the company reported consolidated revenues (net of excise) of Rs 67,484 crore as against Rs 70,567 crore for the corresponding quarter last year (unfavourable translation impact of Rs 10,670 crore), the company
Technical Levels for Tata Motors
Support at 470 and Resistance at 500
Looks weak and could touch its support level of 470 , below 470 it can touch 460---455 and then to 450 mark.
If unable to breach its support level of 470 then its can touch its resistance level of 500 again
Technical Levels for Tata Motors DVR
Support at 285 and Resistance at 300—310
Looks weak and could touch its support level of 285 , Close below 285 it can touch 280--270 and then to 240 mark, else could touch its resistance level of 300—310 again
More will update soon!!
Shilpa Medicare Q3 Result Update
Q3FY17 Results: Shilpa Medicare
On Tuesday, Shilpa Medicare Ltd. reported its consolidated results for the quarter ended on December 31, 2016.
The company's sales for this quarter, Q3FY17, came in at Rs 183.5 crore. This represents a 13.12 per cent sequential decline and 8.25 per cent YoY decline. Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 27 crore and the EBIT margin stood at 14.71 per cent. In terms of the bottom-line, the company reported a PAT figure of Rs 20.7 crore, which represents a sequential QoQ decline of 35.51 per cent and a YoY decline of 31.91 per cent.
Technical Levels for Shipla Medicare
Support at 640 and Resistance at 740
Looks weak and could touch its support level of 640 , below 640 will take it to 600—580 else could touch its resistance level of 740 again.
More will update soon!!
