Kedia Commodities

Published on 23/10/2020 4:55:15 PM

Maharashtra CM Uddhav Thackeray announces Rs 10,000 crore aid to flood-hit people

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Kedia Commodities

Published on 23/10/2020 8:54:57 AM

*KEDIA: EQUITY LEVELS*
*NIFTY* - 11896.45
Resistance: 11946.6-11994.5-12054
Support: 11839.2-11779.7-11731.8

*BANKNIFTY* - 24484.15
Resistance: 24762.8-24967.5-25195
Support: 24330.6-24103.1-23898.4

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Kedia Commodities

Published on 23/10/2020 8:53:22 AM

Trump and Biden clash in final debate, tensions are high
US President Trump and former VP Biden have their last chances to influence undecided voters on the national stage. Markets are watching.

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Kedia Commodities

Published on 22/10/2020 8:55:04 AM

*KEDIA: EQUITY LEVELS*
*NIFTY* - 11907.05
Resistance: 12040.7-12153.8-12290.8
Support: 11790.6-11653.6-11540.5

*BANKNIFTY* - 24351.45
Resistance: 24996.2-25327.5-25774.4
Support: 24218-23771.1-23439.8

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Kedia Commodities

Published on 21/10/2020 9:23:41 AM

 President Donald Trump pushed for a comprehensive COVID-19 relief package, saying he would accept a deal worth more than $2.2 trillion despite opposition to large spending measures among his fellow Republicans in the U.S. Senate.

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Kedia Commodities

Published on 21/10/2020 8:51:24 AM

*KEDIA: EQUITY LEVELS*
*NIFTY* - 11896.8
Resistance: 11950.4-12004.7-12064.4
Support: 11836.4-11776.7-11722.4

*BANKNIFTY* - 24311.8
Resistance: 24512.9-24673.8-24887.1
Support: 24138.7-23925.4-23764.5

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Kedia Commodities

Published on 21/10/2020 8:50:55 AM

KEDIA: DATA TO WATCH
Date Zone Data  6:20pm USD FOMC Member Brainard Speaks  7:30pm USD FOMC Member Mester Speaks  8:00pm USD Crude Oil Inventories  11:30pm USD Beige Book

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Kedia Commodities

Published on 21/10/2020 8:48:54 AM

*Global cotton consumption starts rising again after Covid-19 shutdown*
The ongoing coronavirus pandemic has severely disrupted global supply chains and the cotton sector is no exception. Bangladesh's primary textile industry is almost completely dependent on imported cotton as local growers can meet less than 3 per cent of the country's annual consumption.  The Covid-19 pandemic has caused unprecedented disruptions to the global supply chain for cotton and textile industries and subsequently the US markets. The collapse in demand for cotton has been felt across the US, from textile manufacturers to cotton growers and all segments in between. Besides, due to the sharp drop in demand and resulting price pressure, the US cotton industry has faced many adversities in its efforts to contain the virus. Retail outlets were shuttered, billions of dollars of orders were cancelled and manufacturing facilities in key markets for yarn and other fabrics were closed down as the country implemented a full lockdown. Meanwhile, the merchandising and distribution channels are facing increased costs for storage, bank interest, insurance and other carrying costs associated with delays in commodity merchandising and consumption. Despite the widespread availability of clothing and textile products through online shopping platforms, the uncertainty surrounding the coronavirus pandemic forced many consumers to limit their spending on non-essential items. Moreover, the reduced sales and store closures led to massive layoffs in the US apparel/textile retail industry.

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Kedia Commodities

Published on 20/10/2020 1:27:30 PM

PM Modi to address the nation at 6 PM today

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Kedia Commodities

Published on 20/10/2020 8:50:55 AM

*KEDIA: EQUITY LEVELS*
*NIFTY* - 11873.05
Resistance: 11919.3-11949.3-11999.7
Support: 11838.9-11788.5-11758.5

*BANKNIFTY* - 24266.75
Resistance: 24575.8-24804.7-25199.6
Support: 23952-23557.1-23328.2

(Disclaimer: https://bit.ly/2ziDavw)