Neutral On Cipla Ltd – Reliance Securities Ltd

Neutral On Cipla

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Source: Reliance Securities Ltd InvaGen – An attempt to move up the value chain Cipla acquired InvaGen and Exelan (US business of Hetero drugs) for US$550mn, valuing the deal at 2.4x EV/sales, attractive in our view. As Cipla’s own launches include highly competitive products, InvaGen could act as a transformational…

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Buy JPYINR Above @ 56.2 Target 58.4 – Way2Wealth

Buy JPYINR

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USDINR The USDINR surpassed previous weeks high but failed to close above the same. Last two weeks price action has formed triangular like chart pattern and the resistance line is pegged at 66.88. Sustainable move above the same will confirm the breakout and will provide the upside price target of…

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Euro is expected to trade positive owing to weakness seen in the US Dollar Index – Angel Broking Pvt Ltd

Angel Broking

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Source: Angel Broking Pvt Ltd Dollar/INR The Indian Rupee depreciated by 0.8 percent in the last week as low crude oil prices prompted the importers and banks to make their month end dollar payments. Domestic markets ended on a negative note owing to lower than expected GDP growth figure along…

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Market Mantra: The Money Daily – September 7, 2015

Market Mantra

Market Mantra   No mercy! Weak start to the week The Indian market remains at the mercy of global cues and for now there is nothing to really cheer up the indices. The losing streak has extended for four weeks and at best the damage could be less this week…

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Copper prices are expected to trade lower today – Angel Commodities Pvt Ltd

Copper prices are expected to trade lower today

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Bullion Gold Spot gold prices rose by 0.5 percent on Tuesday to close at $1139.7 per ounce s the dollar and global equities dropped on fresh signs of economic weakness in China and uncertainty over the timing of the Federal Reserve’s first interest rate increase in nearly a decade. Activity…

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Buy PTC India Ltd For Target Rs. 90 – Sharekhan

PTC India

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Source: Sharekhan Key points Post-correction PTC India valuation has turned attractive: In the recent market volatility, the stock price of PTC India has corrected by over 20% and more than accounts for the concerns related to a possible weak volume growth and risk associated with receivables from its key clientele,…

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Market Mantra: The Money Daily – September 2, 2015

Market Mantra

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Market Mantra   Market on the Mat! Weak Wednesday in store   Buy in September may be part of an old market adage and the constant crashes may make stocks attractive but investors are shying away from equities world over as selling grips stock markets. The month of August saw…

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EOD Review On 01-Sep-2015 : Calls for Next Trading Day

EOD Review

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My System Calls: 1) Levels to watch are 7896.35 and 7701.25 2) Sell Below 7883.05 SL 7914.05 TGT 7701.25, 7637.13, 7522.86 3) Buy Above 7945.05 SL 7914.05 TGT 8027.33, 8108.16 4) Supports/Resistances to Watch For :- 7522.86 7637.13 7717.96 7832.23 7913.06 8027.33 8108.16 Camarilla Calls: 1) Sell Below 7691.49 SL…

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Buy Soya bean Around @ 3169 Target 3308/3354 – Way2Wealth

Soya bean

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Source: Way2Wealth   Silver After forming a temporary top at $15.66 levels, silver prices fell sharply towards $13.96 levels and resumed its bearish trend and finally settled at $14.57 levels on weekly charts. Overall view remains weak and a “bearish engulfing” candlestick pattern on weekly charts renders that the fall…

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