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Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities Below The Quote on Market 08 September 2023 By S Ranganathan, Head of Research at LKP Securities "Benchmark Indices ended the week today just a few percentage away from record highs ahead of the G20 Summit buoyed by good support from the Bank Nifty ( on positive newsflow from the RBI) as well as the PSU & Infrastructure stocks. Despite a deficient monsoon the mood in the market was optimistic as PSU stocks across sectors exhibited positive investor appetite.&qu...
Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities
Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities
Source: LKP Securities
8/09/2023 5:49:08 PM
Quote on Bank Nifty : The Bank Nifty index witnessed a strong bullish momentum as the bulls took full control Says Kunal Shah, LKP Securities Below View on Bank Nifty 08 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities The Bank Nifty index witnessed a strong bullish momentum as the bulls took full control. Following the breakthrough of the resistance level at 44,650, there was a sharp rally of 600 points. The next significant hurdle on the upside is situated at 45,500, where the highest open interest is concentrated. The index maintains a "buy on dip" mode, with r...
Quote on Bank Nifty : The Bank Nifty index witnessed a strong bullish momentum as the bulls took full control Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index witnessed a strong bullish momentum as the bulls took full control Says Kunal Shah, LKP Securities
Source: LKP Securities
8/09/2023 5:42:13 PM
Quote on Nifty : The Nifty displayed strength, primarily driven by strong demand for large-cap stocks Says Rupak De, LKP Securities Below Quote on Nifty 08 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty displayed strength, primarily driven by strong demand for large-cap stocks. The overall trend remained robust as the index consistently stayed above a critical moving average. However, a significant hurdle for the Nifty came in the form of substantial Call writing at the 19900 strike price. Looking ahead, only a decisive move above the 19900 level has the potent...
Quote on Nifty : The Nifty displayed strength, primarily driven by strong demand for large-cap stocks Says Rupak De, LKP Securities
Quote on Nifty : The Nifty displayed strength, primarily driven by strong demand for large-cap stocks Says Rupak De, LKP Securities
Source: LKP Securities
8/09/2023 5:39:18 PM
Quote on Bank Nifty : This breakout was accompanied by a notable increase in trading volumes Says Kunal Shah, LKP Securities Below View on Bank Nifty 07 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index has recently experienced a fresh breakout on the daily chart. This breakout was accompanied by a notable increase in trading volumes.TA robust support level has formed at 44500, which also coincides with the index's 20-day moving average (20DMA). This level is expected to provide significant support to the index.The index succes...
Quote on Bank Nifty : This breakout was accompanied by a notable increase in trading volumes Says Kunal Shah, LKP Securities
Quote on Bank Nifty : This breakout was accompanied by a notable increase in trading volumes Says Kunal Shah, LKP Securities
Source: LKP Securities
7/09/2023 5:04:58 PM
Quote on Nifty : The sentiment remains positive as long as the index sustains above 19,550 Says Rupak De, LKP Securities Below Quote on Nifty 07 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The bulls were able to push Nifty higher following a range-bound trading period in the preceding few days. The sentiment remains positive as long as the index sustains above 19,550. On the higher end, gains may extend to the range of 19,900 to 20,000 in the near term, provided that bullishness in the market continues to increase."   Above views are o...
Quote on Nifty : The sentiment remains positive as long as the index sustains above 19,550 Says Rupak De, LKP Securities
Quote on Nifty : The sentiment remains positive as long as the index sustains above 19,550 Says Rupak De, LKP Securities
Source: LKP Securities
7/09/2023 5:01:29 PM
Market Quote : Benchmark Indices staged a smart afternoon rally today with the help of PSU & Infrastructure stocks Says S Ranganathan, LKP securities Below The Quote on Market 07 September 2023 By S Ranganathan, Head of Research at LKP Securities "Benchmark Indices staged a smart afternoon rally today with the help of PSU & Infrastructure stocks. With a 13.5% share of the market capitalisation, PSU companies have seen a robust jump from just over 9% in 2021even as several Midcap State Owned Entities have seen a multi-fold rise in their stock values during this period. ETF Flows during the late afternoon also...
Market Quote : Benchmark Indices staged a smart afternoon rally today with the help of PSU & Infrastructure stocks Says S Ranganathan, LKP securities
Market Quote : Benchmark Indices staged a smart afternoon rally today with the help of PSU & Infrastructure stocks Says S Ranganathan, LKP securities
Source: LKP Securities Ltd
7/09/2023 4:28:29 PM
Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities Below Quote on Nifty 06 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty exhibited volatility but achieved a significant milestone by closing above 19600 for the first time in a while. The bullish crossover of the 21EMA and 55EMA has persisted, signaling an ongoing bullish trend. Additionally, a bullish crossover in the RSI highlights the index's strength. In the short term, Nifty may target levels of 19750 or even 20000. On th...
Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities
Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities
Source: LKP Securities
6/09/2023 5:44:18 PM
Quote on Bank Nifty : In the short term, the index is expected to decline towards 44000 Say`s Rupak De, at LKP Securities Below Quote on Bank Nifty 06 September 2023 from Rupak De, Senior Technical analyst at LKP Securities: "The banking sector witnessed choppy trading as traders struggled to find direction, resulting in heightened volatility for the Bank Nifty index. The prevailing sentiment leans towards a negative-to-sideways bias, with the index closing below a crucial moving average. The RSI is on the verge of forming a bearish crossover, indicating potential weakness. In the short te...
Quote on Bank Nifty : In the short term, the index is expected to decline towards 44000 Say`s Rupak De, at LKP Securities
Quote on Bank Nifty : In the short term, the index is expected to decline towards 44000 Say`s Rupak De, at LKP Securities
Source: LKP Securities
6/09/2023 5:41:06 PM
Quote on Consumer Durables from Avinash Pathak, LKP Securities Below The Quote on Consumer Durables from Avinash Pathak, Research Analyst at LKP Securities.  "ECD companies in Q1FY24 saw healthy growth in revenue and profit, driven by B2B segment growth. However, B2C demand remained subdued due to factors such as a general consumption slowdown and relatively weak summer conditions. Despite short-term challenges, the industry remains optimistic about demand recovery, anticipating a strong H2 recovery in rural markets and stability in the...
Quote on Consumer Durables from Avinash Pathak, LKP Securities
Quote on Consumer Durables from Avinash Pathak, LKP Securities
Source: LKP Securities
6/09/2023 12:10:46 PM
Quote on Nifty :The trend will remain favorable as long as the bulls can maintain Nifty above 19,440 Says Rupak De, LKP Securities Below Quote on Nifty 05 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty has sustained a breakout from a descending channel on the daily chart. The trend will remain favorable as long as the bulls can maintain Nifty above 19,440. A "buy on dips" strategy should be the preferred approach until Nifty falls below 19,440. Resistance on the upper end is positioned at 19,600, and if breached, the index could potentially move higher....
Quote on Nifty :The trend will remain favorable as long as the bulls can maintain Nifty above 19,440 Says Rupak De, LKP Securities
Quote on Nifty :The trend will remain favorable as long as the bulls can maintain Nifty above 19,440 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
5/09/2023 5:16:35 PM
Quote on Bank Nifty : The Bank Nifty index is currently consolidating within a defined range Says Kunal Shah, LKP Securities Below View on Bank Nifty 05 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index is currently consolidating within a defined range, with support at 44,500 and resistance at 44,650. Despite the consolidation, a bullish undertone is observed, and traders are encouraged to consider buying on dips, with strong support around 44,300-44,200. A breakout above 44700 could lead to further upside moves, especially towards...
Quote on Bank Nifty : The Bank Nifty index is currently consolidating within a defined range Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index is currently consolidating within a defined range Says Kunal Shah, LKP Securities
Source: LKP Securities
5/09/2023 5:11:09 PM
Auto Sector Round Up : SUVs continue to add flavour By LKP Securities Sector performance The month of August was a mixed bag again for the auto companies. 2Ws posted weak domestic performance as sales decline for Bajaj Auto in the domestic markets at 31% yoy, while sequentially they grew by 13.3%. TVS posted 5-6% growth in the month, both on yoy and mom basis. 2W exports have shown some signs of improvement sequentially as well as yoy, which can be an important parameter to trace the going forward. This growth was in lower single to lower negative single dig...
Auto Sector Round Up : SUVs continue to add flavour By LKP Securities
Auto Sector Round Up : SUVs continue to add flavour By LKP Securities
Source: LKP Securities Ltd
5/09/2023 3:15:04 PM
Quote on Bank Nifty : The Bank Nifty index remains under bullish momentum, finding support within the 44300-44200 zone Says Kunal Shah, LKP Securities Below View on Bank Nifty 04 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index remains under bullish momentum, finding support within the 44300-44200 zone, which serves as a safety net for the bulls. The immediate obstacle on the upside is situated at the 44600-44650 zone. A successful breach above this resistance level would pave the way for further upward movement, potentially targeting the 45000 level, wher...
Quote on Bank Nifty : The Bank Nifty index remains under bullish momentum, finding support within the 44300-44200 zone Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index remains under bullish momentum, finding support within the 44300-44200 zone Says Kunal Shah, LKP Securities
Source: LKP Securities
4/09/2023 5:18:04 PM
Quote on Nifty : The trend is expected to stay positive as long as it remains above 19,525 Says Rupak De, LKP Securities Below Quote on Nifty 04 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty continues to stay in the bullish territory as the index has maintained its position above the channel breakout level. The trend is expected to stay positive as long as it remains above 19,525. On the upside, the index could potentially extend its gains towards 19,750. Conversely, if it falls below 19,400, we may witness a period of consolidation." &nbs...
Quote on Nifty : The trend is expected to stay positive as long as it remains above 19,525 Says Rupak De, LKP Securities
Quote on Nifty : The trend is expected to stay positive as long as it remains above 19,525 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
4/09/2023 5:11:57 PM
Buy Life Insurance Corporation of India Ltd For Target Rs.770 / 840 - LKP Securities Future Outlook • The Life Insurance Behemoth is likely to close the current fiscal with Net Premium of almost Rs 5000bn and has all the levers in place to maintain its Industry leading position. • While it's share of Par Products in the Individual Business remains at 90%, the ULIP products did drag it's Non- Par margins during Q1. However we expect the Insurer to fare much better in August & September which should improve margins. Technical Commentary • ...
Buy Life Insurance Corporation of India Ltd For Target Rs.770 / 840 - LKP Securities
Buy Life Insurance Corporation of India Ltd For Target Rs.770 / 840 - LKP Securities
Source: LKP Securities
3/09/2023 11:11:17 AM
Buy Ircon International For Target Rs. 118/126 - LKP Securities Future Outlook • Healthy Order Book of Rs 325bn coupled with an order inflow guidance of Rs 110bn for the current fiscal should keep the momentum going strong for IRCON this year too. • Its net debt-free status and likely monetization of huge investments in SPV's provide added comfort despite the recent run up in the stock price. Technical Commentary • IRCON has given a consolidation breakout. Beside, it is maintaining above the crucial 50 exponential moving ave...
Buy Ircon International For Target Rs. 118/126 - LKP Securities
Buy Ircon International For Target Rs. 118/126 - LKP Securities
Source: LKP Securities
3/09/2023 11:03:52 AM
Quote on Nifty : the index has broken out of a falling channel, further indicating increasing bullish sentiment Says Rupak De, LKP Securities Below Quote on Nifty 01 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty has started the September series on a bullish note, as the index has moved above the 21EMA for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment. Looking at the higher end of the spectrum, there is now a resistance leve...
Quote on Nifty : the index has broken out of a falling channel, further indicating increasing bullish sentiment Says Rupak De, LKP Securities
Quote on Nifty : the index has broken out of a falling channel, further indicating increasing bullish sentiment Says Rupak De, LKP Securities
Source: LKP Securities
1/09/2023 4:34:56 PM
Market Quote : A notable feature of today`s trade was the activity seen in the Small Cap Index which managed to end the day in Green Says Mr.S Ranganathan, LKP Securities Below Quote on Market 31 August 2023 By S Ranganathan, Head of Research at LKP Securities "Benchmark Indices ended in the red today on the back of concerns regarding the 9% deficit in the Monsoon as several states have witnessed scarce rainfall this month across many districts. However we did witness a lot of stock specific activity across sectors on a day characterised by volatility. A notable feature of today's trade was the activity seen in the Small-Cap Index wh...
Market Quote : A notable feature of today`s trade was the activity seen in the Small Cap Index which managed to end the day in Green Says Mr.S Ranganathan, LKP Securities
Market Quote : A notable feature of today`s trade was the activity seen in the Small Cap Index which managed to end the day in Green Says Mr.S Ranganathan, LKP Securities
Source: LKP Securities Ltd
31/08/2023 5:22:24 PM
Quote on Bank Nifty : The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44000-43800 Says Kunal Shah, LKP Securities Below View on Bank Nifty 31 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "During the last day of August expiry, the BankNifty index faced persistent selling pressure from the bears, ultimately leading to a negative close of 0.35% for the day. The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44000-43800. Failure to hold this support level could trigger additional declines, po...
Quote on Bank Nifty : The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44000-43800 Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44000-43800 Says Kunal Shah, LKP Securities
Source: LKP Securities Ltd
31/08/2023 5:09:48 PM
Quote on Bank Nifty : Below View on Bank Nifty 30 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index experienced a significant bearish takeover, leading to a rapid correction of 600 points from the day's high. As the index navigates this downward movement, its next significant support on the downside is positioned at 44000. This level is crucial, given the substantial open interest built up on the put side.The overall market ...
Quote on Bank Nifty :
Quote on Bank Nifty : "The Bank Nifty index experienced a significant bearish takeover, leading to a rapid correction of 600 points from the day`s high Says Kunal Shah, LKP Securities
Source: LKP Securities
30/08/2023 5:41:02 PM
Quote on Nifty : he Nifty index encountered a robust resurgence of bearish momentum, Says Kunal Shah, LKP Securities Below View on Nifty 30 August 2023 By Kunal Shah, Senior Technical Analyst at LKP Securities "The Nifty index encountered a robust resurgence of bearish momentum, leading to considerable selling pressure at elevated levels. Amidst this downturn, the addition of substantial open interest in the 19500CE options signifies that the index is poised to expire below the 19500 mark.In terms of technical levels, the index's immediate support on the downside is evident i...
Quote on Nifty : he Nifty index encountered a robust resurgence of bearish momentum, Says Kunal Shah, LKP Securities
Quote on Nifty : he Nifty index encountered a robust resurgence of bearish momentum, Says Kunal Shah, LKP Securities
Source: LKP Securities
30/08/2023 5:38:34 PM
Quote on Bank Nifty : The Bank Nifty index displays a robust bullish sentiment at the lower end of the range Says Kunal Shah, LKP Securities Below View on Bank Nifty 28 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index displays a robust bullish sentiment at the lower end of the range, with sustained buying interest. As long as the index maintains its hold above the key level of 44000, which coincides with significant put open interest, the prevailing stance remains on the buy side.An immediate challenge for further upside movement is positioned ...
Quote on Bank Nifty : The Bank Nifty index displays a robust bullish sentiment at the lower end of the range Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index displays a robust bullish sentiment at the lower end of the range Says Kunal Shah, LKP Securities
Source: LKP Securities
28/08/2023 4:58:25 PM
Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities Below View on Nifty 28 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The index remained sideways throughout the day before closing with a Doji formation. Although the trend remains weak, the failure to fall below 19245 on a closing basis may lead to a short-term pullback in the market. The RSI has shown a bullish crossover. Support is positioned at 19245; a decisive breach below this level could attract significant selling pressure. On the hi...
Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities
Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities
Source: LKP Securities
28/08/2023 4:54:28 PM
Quote on Rupee : The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session from Jateen Trivedi, LKP Securities Below the enclosed quote on Rupee from Jateen Trivedi, VP Research Analyst at LKP Securities.  "The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session with a marginal gain of 0.02rs at 82.63 against the dollar. After the Jackson Hole Symposium, the dollar index exhibited volatility within a narrow range, as Powell highlighted the continuation of a data-specific approach towards interest rate adjustments. The upcoming week...
Quote on Rupee : The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session from Jateen Trivedi, LKP Securities
Quote on Rupee : The rupee displayed relatively subdued movement, maintaining a tight range and ending the trading session from Jateen Trivedi, LKP Securities
Source: LKP Securities
28/08/2023 4:50:51 PM
Quote on Rupee : If the rupee manages to breach the upper range, it could potentially move towards 82.10 to 82.00 Says Jateen Trivedi, LKP Securities Below is Quote on Rupee 25 August 2023 By Jateen Trivedi, VP Research Analyst at LKP Securities   "The rupee experienced a decline of 0.08rs as the dollar index rallied, possibly influenced by the strong performance the rupee had shown in the preceding days. The ongoing Jackson Hole Symposium, where the Federal Reserve's perspective on the overall economic outlook is anticipated, holds the potential to introduce new significant triggers to the market. The cu...
Quote on Rupee : If the rupee manages to breach the upper range, it could potentially move towards 82.10 to 82.00 Says Jateen Trivedi, LKP Securities
Quote on Rupee : If the rupee manages to breach the upper range, it could potentially move towards 82.10 to 82.00 Says Jateen Trivedi, LKP Securities
Source: LKP Securities Ltd
25/08/2023 5:33:30 PM
Quote on Bank Nifty : The Bank Nifty index witnessed an ongoing struggle between bulls and bears Says Kunal Shah, LKP Securities Below View on Bank Nifty 25 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index witnessed an ongoing struggle between bulls and bears, resulting in a phase of range-bound trading.The support level is clearly visible around 44000, coinciding with significant put writing, which could act as a stronghold against downward movements. Conversely, resistance can be observed around 45000, where the highest open inter...
Quote on Bank Nifty : The Bank Nifty index witnessed an ongoing struggle between bulls and bears Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index witnessed an ongoing struggle between bulls and bears Says Kunal Shah, LKP Securities
Source: LKP Securities
25/08/2023 5:29:38 PM
Market Quote : Benchmark Indices opened weak in line with global cues ahead of the FED meet and Powell`s speech today Says S Ranganathan, LKP Securities Below Quote on Market 25 August 2023 By S Ranganathan, Head of Research at LKP Securities "Benchmark Indices opened weak in line with global cues ahead of the FED meet and Powell's speech today. Back Home all sectoral indices ended in the red with even the Midcap Index down over a percentage. D-Street Bulls preferred to wait until Monday for the big AGM which probably could be of interest to investors."   Above views are of the author and not of...
Market Quote : Benchmark Indices opened weak in line with global cues ahead of the FED meet and Powell`s speech today Says S Ranganathan, LKP Securities
Market Quote : Benchmark Indices opened weak in line with global cues ahead of the FED meet and Powell`s speech today Says S Ranganathan, LKP Securities
Source: LKP Securities Ltd
25/08/2023 4:36:26 PM
Geopolitical uncertainty offers support to gold prices The ongoing geopolitical and economic uncertainties like higher inflation, China economic jitters, and the pandemic-related economic distortions amid the Russia – Ukraine war continue to offer support to the safe haven status of gold in the immediate run, said Hareesh V, Head of Commodities at Geojit Financial Services. Hopes of a demand recovery from India may also contribute to the trend. However, it is unlikely for major rallies due to uncertainties over US rate hikes and the perf...
Geopolitical uncertainty offers support to gold prices
Geopolitical uncertainty offers support to gold prices
Source: IANS
25/08/2023 10:06:27 AM
Quote on the Gold Outlook from Jateen Trivedi, LKP Securities. Below the quote on the Gold Outlook from Jateen Trivedi, VP Research analyst at LKP Securities. "Given the ongoing trend of global central banks acquiring gold and the uncertain global economic landscape, gold prices are anticipated to remain steady, if not rise significantly due to the impact of a stronger dollar and elevated interest rates. However, the trajectory could swiftly change. The moment the Federal Reserve hints at a potential pause in its rate hikes or even the possi...
Quote on the Gold Outlook from Jateen Trivedi, LKP Securities.
Quote on the Gold Outlook from Jateen Trivedi, LKP Securities.
Source: LKP Securities
24/08/2023 4:51:33 PM
Quote on Nifty : On the upper side, resistance is expected to persist in the range of 19450-19500 Says Rupak De, LKP Securities Below Quote on Nifty 24 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The Nifty remained under the bear's grip as selling pressure emerged around the day's high, resulting in a decline below 19500. On the upper side, resistance is expected to persist in the range of 19450-19500. A definitive breakout or a closing above 19500 could potentially trigger a rally in the index. On the lower side, there is immediate support at 19300; a ...
Quote on Nifty : On the upper side, resistance is expected to persist in the range of 19450-19500 Says Rupak De, LKP Securities
Quote on Nifty : On the upper side, resistance is expected to persist in the range of 19450-19500 Says Rupak De, LKP Securities
Source: LKP Securities
24/08/2023 4:39:59 PM
Quote on Bank Nifty : The range of movement seems to be established between 44000 and 45000 Says Kunal Shah, LKP Securities Below View on Bank Nifty 24 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index recently encountered selling pressure from elevated levels and is now displaying indications of range-bound trading. The range of movement seems to be established between 44000 and 45000, a zone where substantial put and call writing activities are evident. In the current scenario, the index's immediate support lies at 44200. If th...
Quote on Bank Nifty : The range of movement seems to be established between 44000 and 45000 Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The range of movement seems to be established between 44000 and 45000 Says Kunal Shah, LKP Securities
Source: LKP Securities Ltd
24/08/2023 4:32:55 PM
Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities Below Quote on Nifty 23 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The Nifty continues to trade within the broader range of 19,300 and 19,500. On the daily timeframe, the headline Nifty index has been fluctuating between the boundaries set by the 21-day Exponential Moving Average (EMA) at 19,471 and the 50-day EMA at 19,281. Looking ahead, the Nifty is likely to maintain this range bound movement as long as it remains within these est...
Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities
Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities
Source: LKP Securities
23/08/2023 5:16:06 PM
Quote on Bank Nifty : The Bank Nifty index exhibited a powerful bullish resurgence, effectively overpowering the bearish sentiment Says Kunal Shah, LKP Securities Below View on Bank Nifty 23 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index exhibited a powerful bullish resurgence, effectively overpowering the bearish sentiment. Notably, buying activity was observed in both private and public sector banks, showcasing strong confidence. The critical resistance at 44200 was convincingly breached, supported by substantial trading volumes, leading to an extension of the upward move...
Quote on Bank Nifty : The Bank Nifty index exhibited a powerful bullish resurgence, effectively overpowering the bearish sentiment Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index exhibited a powerful bullish resurgence, effectively overpowering the bearish sentiment Says Kunal Shah, LKP Securities
Source: LKP Securities
23/08/2023 5:10:03 PM
Quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, LKP Securities Below the quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, VP Research Analyst at LKP Securities. With the rupee showing signs of weakness against the dollar and the festive season in India just around the corner, investors should consider capitalizing on the positive trend in gold. The robust festive demand in India is poised to maintain stable gold prices. For investors seeking to accumulate gold, a strategic entry point lies between ...
Quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, LKP Securities
Quote on Gold Investment Strategy for the upcoming Festive Season Gains from Jateen Trivedi, LKP Securities
Source: LKP Securities
22/08/2023 5:27:03 PM
Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities Below Quote on Bank Nifty 22 August 2023 from Rupak De, Senior Technical analyst at LKP Securities: "Bank Nifty displayed continued weakness after an initially positive opening. The daily Relative Strength Index (RSI) has entered into a bearish crossover pattern. On the downside, there's a possibility of a decline towards the 43800 mark; breaching this level could lead to a further drop towards 43500. Conversely, the upper end is met with resistance around 44200.&qu...
Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities
Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities
Source: LKP Securities
22/08/2023 5:21:01 PM
Quote on Nifty : Throughout the day, the Nifty index exhibited a distinct lack of movement Says Rupak De, LKP Securities Below Quote on Nifty 22 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Throughout the day, the Nifty index exhibited a distinct lack of movement, with traders uncertain about the market's upcoming trajectory. Notably, there is a noticeable resistance observed at the 21-day Exponential Moving Average (EMA) on the chart's upper spectrum. The prevailing sentiment appears feeble, given that the index is positioned beneath the crucial ...
Quote on Nifty : Throughout the day, the Nifty index exhibited a distinct lack of movement Says Rupak De, LKP Securities
Quote on Nifty : Throughout the day, the Nifty index exhibited a distinct lack of movement Says Rupak De, LKP Securities
Source: LKP Securities
22/08/2023 5:17:45 PM
Buy Housing And Urban Development Corporation For Target Rs. 76/81 - LKP Securities Future Outlook • The PSU under the Ministry of Housing & Urban Affairs has been instrumental in transforming Urban India for over 5 decades. • With NIM's of over 3%, HUDCO trades below book value despite the 80% rise in its stock price during the past one year. • HUDCO is strategically important for the GOI since it is the nodal agency for various housing schemes. Technical Commentary • A notable breakout has occurred on the weekly chart, marked by a...
Buy Housing And Urban Development Corporation For Target Rs. 76/81 - LKP Securities
Buy Housing And Urban Development Corporation For Target Rs. 76/81 - LKP Securities
Source: LKP Securities
22/08/2023 3:47:51 PM
Buy Hindustan Copper Ltd For Target Rs. 174/182 - LKP Securities Future Outlook • The Rs18bn Copper Miner has seen its stock price rise 35% in a month since the street believes it to be a proxy to play the EV Theme. • Rising Copper Prices coupled with hopes of opening up of closed mines at Jharkhand seem to have fuelled the rally since last one month Technical Commentary • A robust breakout has occurred on the daily chart, accompanied by a substantial surge in trading volumes. This breakout suggests potential for further upward m...
Buy Hindustan Copper Ltd For Target Rs. 174/182 - LKP Securities
Buy Hindustan Copper Ltd For Target Rs. 174/182 - LKP Securities
Source: LKP Securities
22/08/2023 3:40:32 PM
Quote on Bank Nifty : The Bank Nifty saw a recent attempt by bulls to defend the support around 43750 Says Kunal Shah, LKP Securities Below View on Bank Nifty 21 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty saw a recent attempt by bulls to defend the support around 43750, coinciding with the 100DMA. Maintaining this support suggests a bullish stance for the index.Immediate resistance lies at 44200. A breakthrough could pave the way for further gains towards 44500.The momentum indicator, RSI, trading in oversold territory, signals the poten...
Quote on Bank Nifty : The Bank Nifty saw a recent attempt by bulls to defend the support around 43750 Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty saw a recent attempt by bulls to defend the support around 43750 Says Kunal Shah, LKP Securities
Source: LKP Securities Ltd
21/08/2023 4:45:03 PM
Quote on Nifty : The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250 Says Rupak De, LKP Securities Below View on Nifty 21 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250. A breach below this level could potentially spark unease within the market, causing concerns among investors. However, as long as the index holds above the 19250 mark, there is a potential upward trajectory towards the 19500 level. A confident breakthrough above 19500 ...
Quote on Nifty : The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250 Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250 Says Rupak De, LKP Securities
Source: LKP Securities
21/08/2023 4:41:40 PM
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities Future Outlook • The 50 year old Largest Re-Insurer accounts for over 65% of the premiums ceded by Indian Insurers providing reinsurance across segments. • Ranked amongst the Top Reinsurers globally in terms of premium, GICRe is a trusted brand in India Technical Commentary • GICRE has given a consolidation breakout. Beside, it is sustaining above 50ema. • RSI is in bullish crossover on the weekly timeframe. • The trend is likely to remain positive o...
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities
Source: LKP Securities
21/08/2023 2:55:21 PM
Buy Gail India Ltd For Target Rs .130/140 - LKP Securities Future Outlook • India's largest Natural Gas entity has a massive gas transmission pipeline network and in our view is in a sweet spot given the surging gas demand in India. • Its transmission volumes should get a boost since major gas pipelines are getting commissioned in the medium term Technical Commentary • A robust base formation has been established at the lower end of the price range, indicating consistent buying interest across various price levels. &...
Buy Gail India Ltd For Target Rs .130/140 - LKP Securities
Buy Gail India Ltd For Target Rs .130/140 - LKP Securities
Source: LKP Securities
21/08/2023 2:48:36 PM
Domestic as well as global markets expected to remain under pressure for week Investor sentiment remains subdued due to the high volatility of the global currency market, leading to a high depreciation of EM currencies, which affects the performance of equities, says Vinod Nair, Head of Research at Geojit Financial services. Indian indices encountered a week of vulnerability due to adverse global and domestic cues, accompanied by a shift towards safer assets by investors like the US dollar. Discouraging domestic industrial production, negative wholesale inflation...
Domestic as well as global markets expected to remain under pressure for week
Domestic as well as global markets expected to remain under pressure for week
Source: IANS
20/08/2023 2:47:21 PM
Buy Engineers India Ltd For Target Rs.175/190 - LKP Securities Future Outlook • With Order Inflows of Rs 45bn and key focus on new age verticals, Engineers India shareholders have had a lot to cheer in recent times. • Healthy Order Pipeline from the Petrochemical segment coupled with a strong Balance Sheet places the Navratna Consultancy Entity firmly on the growth path Technical Commentary • In the recent 1-2 months, the stock experienced a significant rally, suggesting strong buying interest and positive momentum. • A...
Buy Engineers India Ltd For Target Rs.175/190 - LKP Securities
Buy Engineers India Ltd For Target Rs.175/190 - LKP Securities
Source: LKP Securities
19/08/2023 1:00:36 PM
Buy Container Corporation Ltd For Target Rs . 730/775 - LKP Securities Future Outlook • The Rs 80bn PSU aims to become a complete logistic solution provider. • Volumes grew 7% last fiscal and its annual capex of around Rs 6bn is mostly towards rolling stock, rakes and containers. Technical Commentary • The stock is currently engaged in a sideways trend, indicating a lack of clear directional movement. Resistance is marked at 750, while support is evident around 650. • A "buy on dip" strategy seems favorable, particula...
Buy Container Corporation Ltd For Target Rs . 730/775 - LKP Securities
Buy Container Corporation Ltd For Target Rs . 730/775 - LKP Securities
Source: LKP Securities Ltd
19/08/2023 12:44:59 PM
Quote on Bank Nifty : The Bank Nifty index is persistently encountering resistance at the 44000 level Says Kunal Shah, LKP Securities Below View on Bank Nifty 18 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities "The Bank Nifty index is persistently encountering resistance at the 44000 level, where the call side holds the highest open interest.The lower end of the support is noticeable around 43600, which aligns with the presence of the 100-day moving average (DMA). If this support level is breached, it could trigger additional selling pressure in the market. ...
Quote on Bank Nifty : The Bank Nifty index is persistently encountering resistance at the 44000 level Says Kunal Shah, LKP Securities
Quote on Bank Nifty : The Bank Nifty index is persistently encountering resistance at the 44000 level Says Kunal Shah, LKP Securities
Source: LKP Securities
18/08/2023 5:00:02 PM
Quote on Nifty : On the higher end, resistance was placed at 19500 Says Rupak De, LKP Securities Below View on Nifty 18 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The index has consistently remained below its 21-day Exponential Moving Average (EMA), a sign that underscores the prevalence of a bearish trend. On the lower end, support is placed at 19250. A fall below 19250, may trigger a correction towards 19000 and lower. On the higher end, resistance was placed at 19500."   Above views are of the author and not of the ...
Quote on Nifty : On the higher end, resistance was placed at 19500 Says Rupak De, LKP Securities
Quote on Nifty : On the higher end, resistance was placed at 19500 Says Rupak De, LKP Securities
Source: LKP Securities
18/08/2023 4:56:46 PM
Market Quote : Benchmark Indices ended in the red today on the back of profit taking seen in IT stocks as well as PSU stocks Says S Ranganathan, LKP Securities Below Quote on Market 18 August 2023 By S Ranganathan, Head of Research at LKP Securities Benchmark Indices ended in the red today on the back of profit taking seen in IT stocks as well as PSU stocks. The 6% deficiency in the Monsoon was an important factor with several states witnessing deficits across districts. The Evergrande Bankruptcy in China though was brushed away since real estate loans in India are by and large regulated well in India now.   Above v...
Market Quote : Benchmark Indices ended in the red today on the back of profit taking seen in IT stocks as well as PSU stocks Says S Ranganathan, LKP Securities
Market Quote : Benchmark Indices ended in the red today on the back of profit taking seen in IT stocks as well as PSU stocks Says S Ranganathan, LKP Securities
Source: LKP Securities
18/08/2023 4:35:09 PM