Today Commodity Pivot Table : 17.12.2019
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Monday, December 16, 2019
Diamond : Technical View : 17.12.2019
Diamond : Technical View : 16.12.2019
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On the daily chart, the price closed in a positive note during the last session.
But, It has sustained below the 21*50 days SMA’s and Parabolic SAR, which signifies power to the bears.
Furthermore, momentum indicator MACD has breached below the zero level which is negative for the counter.
Momentum indicator RSI has crossed below 50 level, which indicates bearishness.
As per the above technical structure; we expect bearish move in the counter
But, It has sustained below the 21*50 days SMA’s and Parabolic SAR, which signifies power to the bears.
Furthermore, momentum indicator MACD has breached below the zero level which is negative for the counter.
Momentum indicator RSI has crossed below 50 level, which indicates bearishness.
As per the above technical structure; we expect bearish move in the counter
Crudeoil : Technical View : 17.12.2019
Crudeoil : Technical View : 17.12.2019
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On the daily chart, the price gained 0.50% in
the last session.
Moreover, the price has been trading above its Parabolic SAR, which indicates bullishness in the counter.
Furthermore, the price has also sustained above the 200 SMA which suggest rising prices.
Additionally, momentum indicator RSI(14) has shown a positive crossover which signals bullishness.
As per the above technical structure; we expect bullish move in the counter.
Moreover, the price has been trading above its Parabolic SAR, which indicates bullishness in the counter.
Furthermore, the price has also sustained above the 200 SMA which suggest rising prices.
Additionally, momentum indicator RSI(14) has shown a positive crossover which signals bullishness.
As per the above technical structure; we expect bullish move in the counter.
Copper : Technical View : 17.12.2019
Copper : Technical View : 17.12.2019
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On the daily chart, the price faced pressure and fell by 0.53% during the last session.
But, the price has been trading above its upward sloping trendline, which confirms bullish power in the counter.
Furthermore, the price has sustained above the 200 day's EMA, which indicates control in the hands of the bulls.
Additionally, Heikin Ashi candle of the counter has formed a series of strong green candles which signals positive momentum.
As per the above technical structure; we expect bullish move in the counter.
But, the price has been trading above its upward sloping trendline, which confirms bullish power in the counter.
Furthermore, the price has sustained above the 200 day's EMA, which indicates control in the hands of the bulls.
Additionally, Heikin Ashi candle of the counter has formed a series of strong green candles which signals positive momentum.
As per the above technical structure; we expect bullish move in the counter.
Gold : Technical View : 17.12.2019
Gold : Technical View : 17.12.2019
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On the daily chart, the price has closed on a
positive note and rose by 0.12%
Moreover, the price has pulled back from the lower Bollinger Band, which adds positive indication in the counter.
Furthermore, the price has sustained above 200 days SMA’s, which signals positive momentum in the counter.
Additionally, RSI(14) has shown positive crossover, which support in the counter for the near term.
As per the above technical structure; we expect a bullish move in the counter.
Moreover, the price has pulled back from the lower Bollinger Band, which adds positive indication in the counter.
Furthermore, the price has sustained above 200 days SMA’s, which signals positive momentum in the counter.
Additionally, RSI(14) has shown positive crossover, which support in the counter for the near term.
As per the above technical structure; we expect a bullish move in the counter.
Today's Stock News - 17.12.2019: 09.00 Am
Today's Stock News - 17.12.2019: 09.00 Am
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* ADANI GREEN ENERGY: Raised $362.5 mln from the dollar bond market and has earmarked the
proceeds for refinancing debt, among other uses.
* BHARAT PETROLEUM CORP: Vedanta Resources is evaluating an investment in the company which has been put on the block by the government as part of its privatisation drive.
* BHARTI AIRTEL: Is said to have got "encouraging responses" at roadshows for its $3-bln fund-raising programme in Singapore, Hong Kong and at least one US city.
* CG POWER AND INDUSTRIAL SOLUTIONS: The National Company Law Tribunal on Monday
directed the corporate affairs ministry to conduct an independent inquiry and cooperate with the Securities and Exchange Board of India in investigating the accounts of the company.
More than 32% of the institutional shareholders of the company voted against the adoption of the FY19 audited financial statement of the company, amid an ongoing forensic audit ordered by the Securities and Exchange Board of India, the findings of which are yet to be disclosed.
* CIPLA: Has acquired the brand name and trademark rights for Vysov & Vysov M of the anti-diabetic drug, Vildagliptin for the Indian market.
* EDELWEISS FINANCIAL SERVICES: The Competition Commission of India has approved the
proposed $44 mln investments by Sanaka Group in arm Edelweiss Securities.
* ELGI EQUIPMENTS: The board has approved the acquisition of Michigan Air Solutions LLC through its US-based wholly-owned subsidiary ELGi Compressors USA Inc for $6 mln.
* HOUSING DEVELOPMENT & INFRASTRUCTURE: The Enforcement Directorate has charged the company's promoters Rakesh and Sarang Wadhawan with laundering more than 25 bln rupees of the 67 bln rupees that the company had allegedly taken as loans from Punjab and Maharashtra Cooperative Bank between 2007 and 2013.
* HOUSING DEVELOPMENT FINANCE CORP: Has lent $100 mln to the promoters of APOLLO
HOSPITALS ENTERPRISE, to help them repay immediate debt obligations.
* IFB INDUSTRIES: Kotak Mahindra International sold its entire 4.37% stake or 1.8 mln shares in the company at 600 rupees per share through bulk deal on BSE.
* IRB INFRASTRUCTURE DEVELOPERS: Board has given nod to the allotment of non-convertible debentures worth 14 bln rupees, including subscription of 50% issue by GIC affiliate on a private placement basis.
* INTERGLOBE AVIATION: An IndiGo A320neo aircraft flying from Bagdogra to Kolkata had to return mid-air on Monday due to engine problems, raising fresh concerns over a series of such snags over the past few month.
* JM FINANCIAL: The board will meet on Thursday to consider raising funds through shares or nonconvertible debentures and warrants.
* KESAR ENTERPRISES: Has agreed to pay 550 mln rupees to ALLAHABAD BANK as full and final settlement as against the total outstanding dues of 1.75 bln rupees to the bank.
* MAGMA FINCORP: ICRA has revised its rating outlook on Magma Housing Finance's non-convertible debentures to 'negative' from 'stable'.
* MAHINDRA & MAHINDRA: The aspiration of Indians to own a car is not going away any time soon, the company's Managing Director Pawan Goenka said.
* NIIT TECHNOLOGIES: The board will meet on Dec 23 to consider the proposal for buyback of the fully paid-up equity shares of the company.
* PUNJ LLOYD: INDIAN OIL CORP has invoked the bank guarantees given by the company for two turnkey projects and the company is taking appropriate legal steps.
* RELIANCE COMMUNICATIONS: The UK High Court has termed the evidence provided by the
company's Chairman Anil Ambani as "inexplicably incomplete, implausible and highly unlikely", in a case over the bankrupt telco's failure to clear loans for which he was allegedly a personal guarantor.
-UK High Court has dismissed an application filed by Chinese banks seeking summary judgement in
their contested $680 mln claims against the company's Chairman Anil Ambani.
* RELIANCE INDUSTRIES: Has signed a definitive agreement with UK-based BP Plc to form a joint venture for retail fuel stations and aviation fuel business.
-Brookfield Infrastructure Partners, the Canadian asset management company, will invest 252.15 bln
rupees in the telecom tower assets of the company in a deal that will help strengthen the balance sheet of Reliance Jio Infocomm.
* RUCHI SOYA INDUSTRIES: STATE BANK OF INDIA and other public sector banks have decided to lend 40 bln rupees to Patanjali Ayurved for the acquisition of the company, which was facing bankruptcy proceedings under the Insolvency and Bankruptcy Code.
* SHRIRAM TRANSPORT FINANCE CO: S&P Global Ratings said that it has revised its outlook on the company to negative from stable.
* SPICEJET: Is likely to face added financial pressure next year amid increasing uncertainty over deliveries of Boeing 737 Max aircraft that it has ordered.
* STATE BANK OF INDIA: Has signed a $277-mln loan agreement with the German development bank-- KfW, for establishing an energy efficient housing programme in India. Has cut its base rate and prime lending rate by 50 basis points each.
* TATA MOTORS: Is in initial talks with a couple of Chinese automobile companies for a tie-up for its passenger vehicles business.
* TEXMACO RAIL & ENGINEERING: Has moved the National Company Law Appellate Tribunal
against a National Company Law Tribunal order to initiate insolvency proceedings against erstwhile Bright Power Projects (lndia), now a unit of the company.
* TORRENT POWER: Has sought an increase of 21 paise per unit for supplying power to consumers in Ahmedabad, Gandhinagar and Surat for 2020-21 (Apr-Mar), to make up for past under-recoveries.
* UCO BANK: Has raised 5 bln rupees through Basel-III compliant tier-II bonds at a coupon of 9.71%.
* VEDANTA: Vedanta Resources Chairman Anil Agarwal said the company is planning to invest around 600 bln rupees in the next 2-3 years.
* VODAFONE IDEA: Telecommunications Minister Ravi Shankar Prasad said that he does not
"appreciate" comments by Vodafone Group chief about the recent Supreme Court judgement.
* WHIRLPOOL OF INDIA: Managing Director Sunil D'Souza has resigned from the company and will be replaced by Vishal Bhola.
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Today's Sector News - 17.12.2019: 09.00 Am
Today's Sector News - 17.12.2019: 09.00 Am
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* BANKING: In a boost to digital payments systems in India, the Reserve Bank of India on Monday said effective Jan 1, banks cannot charge savings account customers for online transactions in National Electronic Funds Transfer, or NEFT.
* ECONOMY: Finance Minister Nirmala Sitharaman on Monday said the government has been looking at critical data such as GDP, inflation, and employment for the last couple of months and will address any "misgivings" about it.
-Finance Minister Nirmala Sitharaman on Monday held pre-Budget consultation meeting with
stakeholders from financial sector and capital markets.
* REGULATORY: SEBI is not mulling any additional disclosure norms or restrictions on promoters
pledging their shares for raising capital, said Chairman Ajay Tyagi.
* STEEL: ArcelorMittal has completed the acquisition of Essar Steel India, and will own and operate the company through a joint venture with Nippon Steel Corp, to be known as ArcelorMittal Nippon Steel India.
* TAXATION: The government has extended the last date for payment of December instalment of advance tax for 2019-20 (Apr-Mar) for seven north eastern states.
* TELECOMMUNICATION: Three employees' unions of embattled state-owned telecom player Bharat Sanchar Nigam have called for a one-day general strike on Jan 8 to protest against delay in payment of salaries, and for making other employee compensation-related demands.
* TRADE: India and the US have made significant progress and sorted various differences with respect to a trade deal between the two countries, and may soon finalise the terms, Minister of Commerce and Industry Piyush Goyal said.
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Nifty-Sensex-Pre Market View - 17.12.2019: 09.00 Am
Nifty-Sensex-Pre Market View - 17.12.2019: 09.00 Am
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Pre-Session: Positive start on cards for domestic bourses
17/12/2019 08:31
Indian benchmark indices are expected to start the day on positive note on Tuesday. Further cut in India's FY20 GDP growth forecast by Moody's, RBI's assurance that there is more scope for rate cuts and complete acquisition of Essar Steel by ArcelorMittal and Nippon Steel are some of the major factors that are expected to guide markets today.
Yesterday, Moody’s lowered India’s FY20 GDP forecast to 4.9 per cent from 5.8 per cent, citing weak household consumption. The rating agency said that slower economic growth over the past few quarters would dent the debt repayment capacity of households and hurt retail loan quality.
This came shortly after data showed that the WPI-based inflation in November rose 0.58 per cent, from 0.16 per cent in October, driven by a food inflation rate which was a 71-month high.
However, market participants will also factor in RBI Governor Shaktikanta Das' reassurance that there is more scope for rate cuts.
On Monday, the 30-share benchmark index ended at 40938.72 down by -70.99 points or by -0.17 % and then NSE Nifty was at 12053.95 down by -32.75 points.
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