Buy MCX Gold: Next strong resistance placed around 31100 level | Buy NCDEX Guar Seed | Buy MCX Aluminium | Buy MCX Copper | Indianotes.com

MCX GOLD APR: Gold prices opened strongly higher with gap in the last session and prices rose gradually till fresh one year high of 30839. Prices have been rallying strongly since last one week after taking strong support at its 20 days simple average currently around 30205 level and are expected to rise further from these levels towards next strong […]

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Weekly Trading Forecasts for Major Pairs (February 19 – 23, 2018) | Indianotes.com – Tallinex

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish  Last week, this pair rose from the support line at 1.2250 and tested the resistance line at 1.2550 (a movement of 300 pips).  After the resistance line at 1.2550 had been tested, price got corrected by 140 pips, closing below the resistance line at 1.2450 and now very close […]

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Week Ahead: The near term trend of Nifty is down; Upside bounces are lacking its strength | Nifty: Nifty is expected to retest the swing low of 10,275 levels | Indianotes.com

Weekly Timeframe: After showing sharp weakness in the last couple of weeks, Nifty shifted into consolidation during this week and closed the week with flat note – A small body negative candle has been formed this week, as per weekly timeframe with long upper shadow. Technically, this pattern is indicating a failed upside bounce in the market and instability of […]

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Aurobindo Pharma: Decent 3Q, US to fuel growth; reiterate LONG | Aurobindo Pharma Q3FY18 | Indianotes.com

Aurobindo Pharma’s (ARBP) 3QFY18 Sales at Rs. 43.4bn grew by 11% yoy was largely in line with EE, EBITDA at Rs. 10.25bn grew 15% yoy was 3% below EE. EBITDA miss is largely attributable to lower gross margin and higher opex. Management commentary (as well peers) over slowing tapering price erosion with price bottom in the US seems to be […]

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Buy MCX Nickel: Next strong resistance placed around 943 level | Sell NCDEX Guar Seed | Buy MCX Lead | Sell NCDEX Chana | Indianotes.com

MCX NICKEL FEB: Nickel prices rose strongly in the last session after taking strong support at its short term rising trend line in the last week. Prices have been rallying strongly since last few sessions and made a fresh 2.5 years high of 903 in the last session. Prices are expected to rise further from these levels towards next strong […]

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USDINR: Sell around 64.25 for downside targets of 63.66 for the day | Outlook on currencies | Investment Idea | Indianotes.com

USDINR: After witnessing resistance around 64.60, USDINR pair is slowly deckling from the highs and on Wednesday, it tumbled till the low of 64.13 and ended at 64.19. The pair has penetrated the immediate trend line and thus next supports are seen at 64.06 then 63.66 levels. Therefore, we recommend selling around 64.25 for downside targets of 63.66 for the […]

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Bharti Airtel – Long Triangle breakout | Technical Analysis | Techical Analysis on Reliance Industries | IndiaNotes.com

Bharti Airtel – Long Triangle breakout   Bharti Airtel- Long Analysis   Bharti Airtel is a second giant experiencing a similar breakout after a triangle consolidation for pretty long period. The earlier breakout was by Reliance Industries around a year back. I had written a post during the breakout phase on Dec 27, 2016, in Reliance Industries. Reliance Industries doubled […]

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Skipper Q3FY18: Buy for an upside implying an upside of 42% over 18 months | Indianotes.com

Background Skipper Limited, promoted by Mr S K Bansal of Kolkata, is India’s third largest transmission tower manufacturer and tenth largest in the world, having production capacity of 2,30,000 MTPA. It also manufactures PVC pipes for water transportation in which it has aggressive growth plans. Investment Rationale Top-line to grow at a CAGR of ~19% over FY17-20E – During Q3FY18, […]

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USDINR: Sell on rise around the resistance of 64.75 | Outlook on currencies | Investment Idea | Indianotes.com

USDINR: On Tuesday, USDINR opened with a gap up at 64.56 and surged till the high of 64.64, and there after it slipped sharply lower till 64.26 and ended at 64.41. Although the pair is moving higher, it is failing sustain at higher levels. Ahead, it is likely to extend till the key trend line resistance of 64.75 and if […]

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HDFC Securities’ Weekly Technical Report: Maintain mildly positive stance till 10700 | Indianotes.com

Observations: – Last week’s action formed a high wave type of candle which means a temporary halt for the market. This could lead to minor bounce towards the gap area witnessed on Feb 05, 2018. – Index fell sharply in first two days of the week and attained our 1st target of 10400 levels; the fall further extended till 10276 […]

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