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Gold Gold prices fell towards a second weekly loss on Friday after U.S. payrolls data failed to allay uncertainty over the prospect of a near-term interest rate hike from the Federal Reserve. Data from the Labor Department on Friday showed that non-farm payrolls rose 173,000 last month, a slowdown from…
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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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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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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…
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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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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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 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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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…
