Category: Analysis
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Rupee ducks slump in EM currencies, but crude, dollar threats loom
The rupee held its ground so far this year, even as emerging market currencies slumped on rising worries over the Chinese economy and US interest rates souring the sentiment on riskier assets. However, going ahead, the Indian currency will likely see a tug-of-war between headwinds from high crude oil prices and firm interest rates on…
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Bearish Engulfing pattern suggests Nifty may fall to August lows, India VIX hits 4-month high
The Nifty50 lost all its previous day’s gains and has broken 21-day EMA (exponential moving average 19,723) as well as 50-day EMA (19,559) as bears turned strong with formation of Bearish Engulfing pattern on the daily charts with above average volumes, indicating the negative sentiment may prevail in coming days. Hence, the index may hit…
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Hot Stocks | Axis Bank, GSFC, AMI Organics may deliver at least 10% in short term
For the Nifty, primary and intermediate trend remains positive as it has been holding above the 50, 100 and 200-day EMA (exponential moving average). On the weekly chart, the 14-week RSI (relative strength index) is at 71.64, which again suggests it is not extremely overbought and there is scope for more upsides in intermediate term.…
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Time for caution on business-to-govt stocks now after 18-month rally: Amit Jeswani
The rally in the business-to-government stocks, which is going on for the last 18 months, has reached the fag end now, said investment expert Amit Jeswani, advising investors to jump off the train. “There will be speed breakers in this space now which cannot be broken and you will have to jump out,” said Jeswani,…
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Agrochem future looks foggy on weak crop prices, rising input costs, China exports
The agrochemical sector in India seems to have run into a rough patch with crop prices down by a steep 30 percent, raw materials costing up to 40 percent more, crude oil prices on the rise, and a revival in exports from China. There is limited visibility on a sharp turnaround in the agrochem cycle, said…
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RR Kabel may list with 10-15% premium on Sept 20, despite OFS caution from analysts
The stock of consumer electrical products manufacturer RR Kabel is likely to list with a 10-15 percent premium over the issue price of Rs 1,035 on September 20, analysts projected, based on the impressive response to its public issue and the positive sentiment in the equity market. Subdued financials and 90 percent OFS portion in the…
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Titan, PNB, Asahi India look strong on charts. What should investors do on Wednesday?
After the rally in the current month, the market saw some profit booking on September 18 as it seems to be in temporary overbought conditions. Hence, further consolidation can’t be ruled out with crucial support at 20,000-19,900 levels, while on the higher side, the index needs to take out 20,200 first to catch further upside…
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Cipla stock rating upgraded to ‘buy’, Motilal Oswal cites multiple growth levers
Cipla’s healthy growth outlook with robust revenue and profit expectations has earned the stock a rating upgrade from Motilal Oswal. The brokerage has upgraded Cipla stock to ‘buy’ with a target price of Rs 1,420. This implies about 15 percent upside from Monday’s closing price of Rs 1244. Motilal Oswal foresees a 16 percent PAT…