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Stock Picks : TCS Ltd And Chambal Fertiliser Ltd By ICICI Direct TCS Ltd Buy TCS Ltd  @3449-3453; Target 3497.00; Stop Loss 3431.00   Chambal Fertiliser Ltd Buy Chambal Fertiliser Ltd  @286.90-287.50; Target 291.50; Stop Loss 285.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kin...
Stock Picks : TCS Ltd And Chambal Fertiliser Ltd By ICICI Direct
Stock Picks : TCS Ltd And Chambal Fertiliser Ltd By ICICI Direct
Source: ICICI Direct
8/09/2023 11:05:14 AM
MCX Silver is expected to rise back towards 72,500 level as long as it sustains above 71,500 level - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is likely to rise towards $1935 levels as long as it sustains above $1910 levels amid retreat in dollar and US treasury yields. Further, investors will remain vigilant ahead of US Fed policymakers comments to get cues on interest rate outlook. As per CME Fed Watch tool investors now see a 92% chance of Fed holding its rate steady in September meeting while, more than 50% chance of Fed delivering another rate hike in November * MCX Gol...
MCX Silver is expected to rise back towards 72,500 level as long as it sustains above 71,500 level - ICICI Direct
MCX Silver is expected to rise back towards 72,500 level as long as it sustains above 71,500 level - ICICI Direct
Source: ICICI Direct
8/09/2023 9:59:18 AM
Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct Currency Outlook Rupee Outlook * Rupee slid towards its lowest level of 83.20 yesterday, amid strong dollar and outflow of funds from the domestic market. The rally in oil prices also weighed on the domestic currency * The pair is expected to face the hurdle near 83.30 and move towards 83.00 amid decline in US treasury yields and softer dollar. Meanwhile, investors will keep an eye on Fed members speech to get more clarity on the future rate path. The CME Fed Watch tool still indicat...
Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct
Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct
Source: ICICI Direct
8/09/2023 9:54:46 AM
The index started the session on a muted note tracking subdued global cues - ICICI Direct Nifty : 19727 Technical Outlook • The index started the session on a muted note tracking subdued global cues. However, buying demand in the second half helped index to helped index to close at four week’s high. The, daily price action formed a sizable bull candle carrying higher high-low, indicating follow through strength. The index has been sustaining well above 20 days EMA after one months, highlighting rejuvenation of upward momentum • Going ahead, we expect index...
The index started the session on a muted note tracking subdued global cues - ICICI Direct
The index started the session on a muted note tracking subdued global cues - ICICI Direct
Source: ICICI Direct
8/09/2023 9:07:57 AM
Stock Picks : Titan Company Limited And Divis Laboratories Ltd By ICICI Direct Titan Company Limited  Buy Titan Company Limited  @3168-3172; Target 3209.0; Stop Loss 3149.00   Divis Laboratories Ltd Buy Divis Laboratories Ltd @ 3702-3704; Target 3742.00; Stop Loss 3682.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of t...
Stock Picks : Titan Company Limited And Divis Laboratories Ltd By ICICI Direct
Stock Picks : Titan Company Limited And Divis Laboratories Ltd By ICICI Direct
Source: ICICI Direct
7/09/2023 11:12:57 AM
MCX Crude oil is likely to rise towards 7400 level as long as its sustains above 7150 levels - ICICI Direct Metal’s Outlook Bullion Outlook • Spot gold is likely to slip towards $1900 levels as long as it sustains below $1925 levels amid firm dollar and elevated US treasury yields. Yields are rising as fresh economic data from US showed signs of resilience bolstering expectations that Fed may keep rates higher for longer duration. Meanwhile, investors will remain cautious ahead of US Fed policymakers comments and initial jobless claims data to get cues on interest rate outlook &...
MCX Crude oil is likely to rise towards 7400 level as long as its sustains above 7150 levels - ICICI Direct
MCX Crude oil is likely to rise towards 7400 level as long as its sustains above 7150 levels - ICICI Direct
Source: ICICI Direct
7/09/2023 10:23:20 AM
The Nifty midcap and small cap indices have been showing immense strength by enduring sequence of Highs - ICICI Direct Nifty : 19611 Technical Outlook • The index started the session on a subdued note and however, fag end buying demand helped index to recover intraday losses and settled the session on a positive note. Consequently, daily price action formed a bull candle with lower shadow, highlighting elevated buying demand. • Going ahead, we expect index to resolve above upper band of consolidation placed at 19600 and open the door for next leg of up move towards psychological mark of 200...
The Nifty midcap and small cap indices have been showing immense strength by enduring sequence of Highs - ICICI Direct
The Nifty midcap and small cap indices have been showing immense strength by enduring sequence of Highs - ICICI Direct
Source: ICICI Direct
7/09/2023 9:41:02 AM
MCX Crude oil is likely to rise towards 7300 level - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is likely to slip towards $1909 levels as long as it sustains below $1935 levels amid strong dollar and surge in US treasury yields. Yields are rising on elevated crude oil prices and as investors weigh prospects for further US rate hikes. Market participants fear that elevated crude oil prices will hurt headline inflation in turn forcing major central banks across globe to continue with its monetary tightening policy. Meanwhile, investo...
MCX Crude oil is likely to rise towards 7300 level - ICICI Direct
MCX Crude oil is likely to rise towards 7300 level - ICICI Direct
Source: ICICI Direct
6/09/2023 10:25:29 AM
Rupee hit its lowest level in two weeks on higher oil prices and strong dollar - ICICI Direct Currency Outlook Rupee Outlook * Rupee hit its lowest level in two weeks on higher oil prices and strong dollar. Further rising US treasury yields also pushed the dollar index to hit its highest level in last 6-month. * The pair is expected to hold the support near 82.80 and move higher towards 83.20 amid strong dollar and higher crude oil prices. The dollar is expected to remain firm amid rising concerns over global growth. Meanwhile, investors will remain focused on Fed members spe...
Rupee hit its lowest level in two weeks on higher oil prices and strong dollar - ICICI Direct
Rupee hit its lowest level in two weeks on higher oil prices and strong dollar - ICICI Direct
Source: ICICI Direct
6/09/2023 10:16:27 AM
The index witnessed a rangebound session wherein Nifty oscillated 60 points range - ICICI Direct Nifty : 19575 Technical Outlook • The index witnessed a rangebound session wherein Nifty oscillated 60 points range. As a result, daily price action formed a bull candle with lower shadow over second consecutive session, indicating elevated buying demand. Meanwhile, Nifty midcap and small cap indices clocked fresh life highs, highlighting inherent strength • The formation of higher high-low signifies positive momentum, that makes us confident to believe that Nifty would cha...
The index witnessed a rangebound session wherein Nifty oscillated 60 points range - ICICI Direct
The index witnessed a rangebound session wherein Nifty oscillated 60 points range - ICICI Direct
Source: ICICI Direct
6/09/2023 9:58:54 AM
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @1249-1252; Target 1266.00; Stop Loss 1244.40   Canara Bank Ltd Buy Canara Bank Ltd @ 334-335; Target 340.00; Stop Loss 331.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly read di...
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
5/09/2023 10:55:41 AM
MCX Gold prices is likely to move further north towards 59,600 - ICICI Direct * Spot gold is likely to hold the support near $1930 and rise back towards $1945 level amid expectation of correction in dollar and US treasury yields across curve. Fresh batch of economic data from US fuelled the expectation that US Fed is done with its fastest interest rate hiking cycle since 1980’s. As per CME FedWatch tool investors now see a 93% chance of Fed holding its rate steady. Moreover, expectation of weak factory orders data from US will be supportive for the prices * MC...
MCX Gold prices is likely to move further north towards 59,600 - ICICI Direct
MCX Gold prices is likely to move further north towards 59,600 - ICICI Direct
Source: ICICI Direct
5/09/2023 10:28:39 AM
Rupee edged lower on Monday amid higher crude oil pries - ICICI Direct Currency Outlook Rupee Outlook * Rupee edged lower on Monday amid higher crude oil pries. The pair moved in a narrow range during the day as the dollar demand remain subdued due to the Labour day holiday in US. * The rupee is expected to appreciate today amid improving risk appetite in global equities. Increasing hopes of China’s stimulus and Fed pause in its interest rate hike cycle could limit the upside in the dollar. Further, expectation of weaker economic numbers from US c...
Rupee edged lower on Monday amid higher crude oil pries - ICICI Direct
Rupee edged lower on Monday amid higher crude oil pries - ICICI Direct
Source: ICICI Direct
5/09/2023 10:21:33 AM
Index is holding key support around 43500 over past three weeks - ICICI Direct Nifty : 19529 Technical Outlook • The index recouped intraday losses and settled the Monday’s session on a positive note. As a result, daily price action formed a bull candle with long lower shadow carrying higher high-low, indicating continuation of upward momentum. In the process, index logged a breakout from falling wedge pattern • Going ahead, we expect Nifty to challenge the upper band of consolidation placed at 19600 and eventually accelerate ongoing pullback. T...
Index is holding key support around 43500 over past three weeks - ICICI Direct
Index is holding key support around 43500 over past three weeks - ICICI Direct
Source: ICICI Direct
5/09/2023 9:25:28 AM
Stock Picks : Tata Consultancy Services Ltd And Hindalco Industries Limited By ICICI Direct Tata Consultancy Services Ltd Buy Tata Consultancy Services Ltd @3378-3382; Target 3414.00; Stop Loss 3363.00   Hindalco Industries Limited Buy Hindalco Industries Limited @ 471-472; Target 477.00; Stop Loss 468.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of ...
Stock Picks : Tata Consultancy Services Ltd And Hindalco Industries Limited By ICICI Direct
Stock Picks : Tata Consultancy Services Ltd And Hindalco Industries Limited By ICICI Direct
Source: ICICI Direct
4/09/2023 11:19:33 AM
MCX Silver December is expected to move in the range of 74500-76000 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is likely to find support near the $1930 level and move towards the $1950 amid expectation softness in dollar. Last week’s mixed US job data has raised the bets that the Fed will remain less hawkish than anticipated. The CME Fed-Watch tool suggests more than 91% probability of no hike in rates in September and the probability of hike in Novembers dropped to 34.5% from 37%. Meanwhile, traders will focus on ECB president’s spee...
MCX Silver December is expected to move in the range of 74500-76000 - ICICI Direct
MCX Silver December is expected to move in the range of 74500-76000 - ICICI Direct
Source: ICICI Direct
4/09/2023 10:35:50 AM
The index showed relative strength by displaying supportive efforts from intermediate support of 19200 - ICICI Direct Nifty : 19435 Technical Outlook • The weekly price action formed a bull candle after five week’s correction, indicating pause in downward momentum. Despite elevated global volatility, index has managed to hold 50 days EMA placed around 19200 on multiple occasions and staged a strong bounced in the fag end of the week, highlighting robust price structure • Going ahead, we expect Nifty to challenge the upper band of consolidation placed at 19600 and eventually accelerat...
The index showed relative strength by displaying supportive efforts from intermediate support of 19200 - ICICI Direct
The index showed relative strength by displaying supportive efforts from intermediate support of 19200 - ICICI Direct
Source: ICICI Direct
4/09/2023 9:55:56 AM
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct Focus on localisation to boost growth… About the stock: SKF India, incorporated in 1961, is engaged in manufacturing of bearings, seals, lubrication systems, after-market and other maintenance products * Company’s ~52% of revenues come from industrial segment while ~41% of revenues come from automotive segment. Balance ~7% of sales is from exports. After-market segment contributes ~36% of total revenue * Consolidated revenue of the company has grown by 14.9% CAGR during ...
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct
Source: ICICI Direct
2/09/2023 2:20:41 PM
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct Capacity enhancement to support long-term growth story! About the stock: Nitin Spinners (NSL) has graduated from a small pure spinning company to a company with a sizeable presence in India’s yarn market (3 lakh+ spindles). Forward integration into knitted and finished woven fabrics (~ 27% of revenues) in its product portfolio, which yields more superior margins than spinning has fortified its presence across the textile value chain. • NSL invested in capacity building over t...
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct
Source: ICICI Direct
1/09/2023 1:05:53 PM
MCX Crude oil is likely to rise towards 6980, as long as it trades above 6750 - ICICI Direct Metal’s Outlook Bullion Outlook • Spot gold is likely to find support near the $1930 level and move towards the $1950 amid expectation of weaker US job numbers. The US non-farm payroll numbers are set to add 170k jobs in August, making the slowest pace since February 2021. The weaker set of economic numbers could force the Fed to remain less hawkish than anticipated. The CME Fed-Watch tool suggests more than 88% probability of no hike in rates in September and the probability...
MCX Crude oil is likely to rise towards 6980, as long as it trades above 6750 - ICICI Direct
MCX Crude oil is likely to rise towards 6980, as long as it trades above 6750 - ICICI Direct
Source: ICICI Direct
1/09/2023 10:54:05 AM
Stock Picks : Exide Industries Ltd And REC (RURELE) Ltd By ICICI Direct Exide Industries Ltd Buy Exide Industries Ltd @265.00-265.50; Target 268.80; Stop Loss 263.60   REC (RURELE) Ltd  Buy REC (RURELE) Ltd  @239.80-240.50; Target 236.50; Stop Loss 242.60     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above view...
Stock Picks : Exide Industries Ltd And REC (RURELE) Ltd By ICICI Direct
Stock Picks : Exide Industries Ltd And REC (RURELE) Ltd By ICICI Direct
Source: ICICI Direct
1/09/2023 10:50:50 AM
Rupee depreciated yesterday amid firm dollar and FII outflows from equity markets - ICICI Direct Currency Outlook Rupee Outlook • Rupee depreciated yesterday amid firm dollar and FII outflows from equity markets. Further, rise in crude oil prices and weak domestic market sentiments weighed on domestic currency • Rupee is likely to appreciate today amid decline in US treasury yields and as Indian economy grew by 7.8% in April-June quarter of current fiscal. US treasury yields are tumbling as data showed inflation came in line with forecast, reinforcing expectations that...
Rupee depreciated yesterday amid firm dollar and FII outflows from equity markets - ICICI Direct
Rupee depreciated yesterday amid firm dollar and FII outflows from equity markets - ICICI Direct
Source: ICICI Direct
1/09/2023 10:50:40 AM
The Nifty midcap, Small cap indices clocked a fresh All Time High despite profit booking the benchmark - ICICI Direct Nifty : 19254 Technical Outlook • The index started the session on a subdued note and gradually inched southward as the day progressed. Consequently, daily price action resulted into a bear candle carrying lower high-low, indicating extended breather • We expect Nifty to stage a technical bounce from oversold readings and eventually head towards upper band of consolidation placed at 19600, as it is confluence of 50% retracement of recent decline (19991- 19229) coincided wit...
The Nifty midcap, Small cap indices clocked a fresh All Time High despite profit booking the benchmark - ICICI Direct
The Nifty midcap, Small cap indices clocked a fresh All Time High despite profit booking the benchmark - ICICI Direct
Source: ICICI Direct
1/09/2023 9:46:36 AM
Stock Picks : Jindal Steel & Power Ltd And UPL Ltd By ICICI Direct Jindal Steel & Power Ltd Buy Jindal Steel & Power Ltd @672.00-673.00; Target 680.00; Stop Loss 668.40   Container Corporation of India Ltd Buy Container Corporation of India Ltd @682-683; Target 691.50; Stop Loss 678.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  ...
Stock Picks : Jindal Steel & Power Ltd And UPL Ltd By ICICI Direct
Stock Picks : Jindal Steel & Power Ltd And UPL Ltd By ICICI Direct
Source: ICICI Direct
31/08/2023 11:26:09 AM
MCX Copper is likely to find support near the 200 day EMA at 733 and move further towards 742-744 zone - ICICI Direct Metal’s Outlook Bullion Outlook • Spot gold is likely to holds to its gains and move towards the $1960 amid weakness in the US dollar index and decline in US treasury yields across curve. The softening of the US economy in the 2 nd quarter and drop in US job openings has raised the bets that the Fed will remain less hawkish then anticipated. The CME Fed-Watch tool suggests more than 88% probability of no hike in rates in September and the probability of hike in Novembers drop...
MCX Copper is likely to find support near the 200 day EMA at 733 and move further towards 742-744 zone - ICICI Direct
MCX Copper is likely to find support near the 200 day EMA at 733 and move further towards 742-744 zone - ICICI Direct
Source: ICICI Direct
31/08/2023 11:06:54 AM
Rupee is likely to appreciate today amid weakness in dollar and decline in US treasury yields - ICICI Direct Currency Outlook Rupee Outlook • Rupee depreciated yesterday amid dollar demand from importers and FII outflows from equity markets. Further, rise in crude oil prices weighed on domestic currency • Rupee is likely to appreciate today amid weakness in dollar and decline in US treasury yields. Dollar is showing weakness as soft economic data from US raised the bets that US Fed is done with its tightening cycle and will hit a pause button at next month’s policy meeting. ...
Rupee is likely to appreciate today amid weakness in dollar and decline in US treasury yields - ICICI Direct
Rupee is likely to appreciate today amid weakness in dollar and decline in US treasury yields - ICICI Direct
Source: ICICI Direct
31/08/2023 11:00:34 AM
The index started the session with a positive gap 19342-19433 - ICICI Direct Nifty : 19347 Technical Outlook • The index started the session with a positive gap 19342-19433). However, profit booking in the second half of the session dragged index near days low. The daily price action formed a bear candle carrying higher high-low, indicating extended breather. • The lack of faster retracement on either side signifies prolongation of consolidation amid stock specific action. We expect Nifty to stage a technical bounce from oversold readings and eventu...
The index started the session with a positive gap 19342-19433 - ICICI Direct
The index started the session with a positive gap 19342-19433 - ICICI Direct
Source: ICICI Direct
31/08/2023 9:53:01 AM
Stock Picks : Tata Steel Ltd And UPL Ltd By ICICI Direct Tata Steel Ltd Buy Tata Steel Ltd @119.30-119.70; Target 121.30; Stop Loss 118.80   UPL Ltd Buy UPL Ltd @ 597.50-598.50; Target 607.00; Stop Loss 593.80   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly read discla...
Stock Picks : Tata Steel Ltd And UPL Ltd By ICICI Direct
Stock Picks : Tata Steel Ltd And UPL Ltd By ICICI Direct
Source: ICICI Direct
30/08/2023 10:25:55 AM
MCX aluminium is hovering near the higher end of the consolidation range of 197-200 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is likely to rise towards the $1947 amid weakness in the US dollar index and the treasury yields. The weaker set of economic numbers has raised the bets that the Federal reserve will take a pause it its rate hike cycle. Further, expectation of weaker economic numbers and decline in US ADP Non-Farm employment numbers could force the central bank to remain less hawkish then anticipated. The CME Fed-Watch tool suggests more than 88% probabi...
MCX aluminium is hovering near the higher end of the consolidation range of 197-200 - ICICI Direct
MCX aluminium is hovering near the higher end of the consolidation range of 197-200 - ICICI Direct
Source: ICICI Direct
30/08/2023 10:19:32 AM
Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd Mahindra and Mahindra Ltd * M&M has been in steady uptrend from past more than four months with rise in volumes. * It has given a breakout from bullish Flag pattern holding above its short term moving average i.e. 20 DEMA. * Price pattern coupled with supportive volumes suggests bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone Buy Mahindra and Mahindra Ltd CMP 1560.85; Range 1555-1560; SL 1520; Target 1645    ...
Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd
Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd
Source: Religare Broking Ltd
30/08/2023 10:15:50 AM
Rupee depreciated yesterday amid rise in crude oil prices and dollar buying by importers - ICICI Direct Currency Outlook Rupee Outlook * Rupee depreciated yesterday amid rise in crude oil prices and dollar buying by importers. Further, rebound in dollar and foreign fund outflows from equity markets weighed on rupee * Rupee is likely to appreciate today amid weakness in dollar, optimistic global market sentiments and sharp decline in US treasury yields. Yields are tumbling as data from US showed job openings fell to the lowest level since March 2021 and consumer confidence fell more tha...
Rupee depreciated yesterday amid rise in crude oil prices and dollar buying by importers - ICICI Direct
Rupee depreciated yesterday amid rise in crude oil prices and dollar buying by importers - ICICI Direct
Source: ICICI Direct
30/08/2023 10:09:48 AM
The index traded in a narrow range of 70 points wherein stock specific action prevailed - ICICI Direct Nifty : 19343 Technical Outlook • The index traded in a narrow range of 70 points wherein stock specific action prevailed. Consequently, daily price action formed a small bear candle carrying higher high-low, indicating extended breather. • The past five week’s decline hauled weekly stochastic oscillator in oversold territory (currently placed at 10), suggesting impending pullback. Thus, we expect Nifty to stage a technical bounce from oversold readings and event...
The index traded in a narrow range of 70 points wherein stock specific action prevailed - ICICI Direct
The index traded in a narrow range of 70 points wherein stock specific action prevailed - ICICI Direct
Source: ICICI Direct
30/08/2023 9:34:39 AM
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct Poised for a healthy volume recovery in FY24E… About the stock: Indo Count (ICIL) is India’s largest home textile manufacturer and exporters with an extensive product range, which spans across bed sheets, quilts and bed linen. It has a presence in top nine out of 10 top big box retailers in the US * Indo Count is an integrated bedding solution provider, boasting capacity of 153 million metre per annum of dyeing/processing and cutting /sewing. ICIL exports to nearly 54 count...
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct
Buy Indo Count Industries Ltd For Target Rs.295 - ICICI Direct
Source: ICICI Direct
29/08/2023 3:09:11 PM
Stock Picks : Lupin Ltd And Bharat Heavy Electricals Ltd By ICICI Direct Lupin Ltd Buy Lupin Ltd @1104-1106; Target 1118.00; Stop Loss 1098.40   Bharat Heavy Electricals Ltd Buy Bharat Heavy Electricals Ltd @ 108.90-109.30; Target 110.80; Stop Loss 108.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of ...
Stock Picks : Lupin Ltd And Bharat Heavy Electricals Ltd By ICICI Direct
Stock Picks : Lupin Ltd And Bharat Heavy Electricals Ltd By ICICI Direct
Source: ICICI Direct
29/08/2023 11:03:28 AM
MCX aluminium is likely to move inside the range of 197-200. Only a close outside of the range would bring more clarity in its trend - ICICI Direct Metal’s Outlook Bullion Outlook • Spot gold is likely to rise towards the higher end of the consolidation range $1900-1926 amid decline in US treasury yields and softness in the US dollar index. Further, expectation of weaker economic numbers and decline in US JOLTS job openings could support the bullions to hold its ground. Meanwhile, the CME Fed-Watch tool suggests more than 75% probability of no hike in rates in September. However, the probability of 25 bps hike in Novembe...
MCX aluminium is likely to move inside the range of 197-200. Only a close outside of the range would bring more clarity in its trend - ICICI Direct
MCX aluminium is likely to move inside the range of 197-200. Only a close outside of the range would bring more clarity in its trend - ICICI Direct
Source: ICICI Direct
29/08/2023 10:50:38 AM
Rupee appreciated marginally aided by softness in dollar and retreat in US treasury yields - ICICI Direct Currency Outlook Rupee Outlook * Rupee appreciated marginally aided by softness in dollar and retreat in US treasury yields. Further, rise in risk appetite in the global markets supported rupee * Rupee is likely to appreciate today amid weakness in dollar, decline in US treasury yield and improved global market sentiments. Meanwhile, investors will remain cautious ahead of key economic data from US to gauge economic health of the country and determine the outlook for interest rates. ...
Rupee appreciated marginally aided by softness in dollar and retreat in US treasury yields - ICICI Direct
Rupee appreciated marginally aided by softness in dollar and retreat in US treasury yields - ICICI Direct
Source: ICICI Direct
29/08/2023 9:56:28 AM
The index started the monthly expiry week on a flat note and gradually inched upward - ICICI Direct Nifty : 19306 Technical Outlook • The index started the monthly expiry week on a flat note and gradually inched upward. As a result, daily price action formed a doji like candle, indicating rise in volatility amid positive bias wherein stock specific action prevailed. • Going ahead, we expect Nifty to stage a technical bounce from oversold readings and eventually head towards upper band of consolidation placed at 19600, as it is confluence of 50% retracement of recent decli...
The index started the monthly expiry week on a flat note and gradually inched upward - ICICI Direct
The index started the monthly expiry week on a flat note and gradually inched upward - ICICI Direct
Source: ICICI Direct
29/08/2023 9:34:37 AM
Buy Jamna Auto Industries Ltd For Target Rs.135 - ICICI Direct Proxy infra play, high return ratios, inexpensive valuations… About the stock: Jamna Auto Industries Ltd (JAI), headquartered in Delhi, is a manufacturer of suspension products primarily leaf & parabolic springs for Commercial Vehicles (largely M&HCV space). It has 10 Manufacturing plants spread across the country, each in close proximity to CV OEMs’, with installed capacity of ~3,00,000 metric tonnes. • FY23 sales product mix: Existing Products: 56%; New Produ...
Buy Jamna Auto Industries Ltd For Target Rs.135 - ICICI Direct
Buy Jamna Auto Industries Ltd For Target Rs.135 - ICICI Direct
Source: ICICI Direct
28/08/2023 11:37:55 AM
Buy Can Fin Homes Ltd For Target Rs. 935- ICICI Direct Structural transformation to aid long term performance About the stock: CanFin Homes (CFHL) was promoted by Canara Bank in 1987, with ~30% stake as of June 2023. The HFC is spread across 205 locations across 21 states and UTs with south contributing ~72% of loans and focus on tier II & III cities. Most borrowers are first time home buyers with average age of 35 years. • Housing loans comprise ~90% of advances of which ~74% is to salaried customers • The company caters t...
Buy Can Fin Homes Ltd For Target Rs. 935- ICICI Direct
Buy Can Fin Homes Ltd For Target Rs. 935- ICICI Direct
Source: ICICI Direct
28/08/2023 11:19:46 AM
Stock Picks : Titan Company Limited And ITC Ltd By ICICI Direct Titan Company Limited  Buy Titan Company Limited @3065-3068; Target 3098.00; Stop Loss 3049.00   ITC Ltd Sell ITC Ltd @ 445.50-446.50; Target 441.00; Stop Loss 449.20   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website...
Stock Picks : Titan Company Limited And ITC Ltd By ICICI Direct
Stock Picks : Titan Company Limited And ITC Ltd By ICICI Direct
Source: ICICI Direct
28/08/2023 10:25:36 AM
MCX aluminium is likely to weaken towards 196.50, as long as it trades under the 200 level - ICICI Direct Metal’s Outlook Bullion Outlook • Spot gold is likely to face the resistance near the higher end of the consolidation range $1900-1926 amid higher US treasury yields. Further, rising expectation of one more rate hike in this year could hurt bullions. The CME Fed-Watch tool suggests more than 80% probability of no hike in rates in September. Meanwhile, the probability of 25 bps hike in November has increased to 48% suggesting tighter monetary policy • MCX Gold futures ...
MCX aluminium is likely to weaken towards 196.50, as long as it trades under the 200 level - ICICI Direct
MCX aluminium is likely to weaken towards 196.50, as long as it trades under the 200 level - ICICI Direct
Source: ICICI Direct
28/08/2023 9:53:30 AM
Rupee is likely to appreciate today amid retreat in dollar and rise in risk appetite in the global markets - ICICI Direct Currency Outlook Rupee Outlook • Rupee depreciated on Friday amid strong dollar and elevated US treasury yields. Further, market participants remained cautious ahead of Powell speech at Jackson hole Symposium to get the hint on rate trajectory • Rupee is likely to appreciate today amid retreat in dollar and rise in risk appetite in the global markets. Dollar is easing from its 12-week high as US Fed Chair Powell promised to move carefully at upcoming meetings as he noted bo...
Rupee is likely to appreciate today amid retreat in dollar and rise in risk appetite in the global markets - ICICI Direct
Rupee is likely to appreciate today amid retreat in dollar and rise in risk appetite in the global markets - ICICI Direct
Source: ICICI Direct
28/08/2023 9:43:09 AM
The index started the week on a positive note. However, profit booking in the fag end of the week dragged index lower - ICICI Direct Nifty : 19266 Technical Outlook • The index started the week on a positive note. However, profit booking in the fag end of the week dragged index lower. As a result, weekly price action resulted into small bear candle carrying long higher shadow, indicating extended breather and selling during rallies • In the coming week, we expect Nifty to stage a technical bounce from oversold readings and eventually head towards upper band of consolidation placed at 19600, which prior w...
The index started the week on a positive note. However, profit booking in the fag end of the week dragged index lower - ICICI Direct
The index started the week on a positive note. However, profit booking in the fag end of the week dragged index lower - ICICI Direct
Source: ICICI Direct
28/08/2023 9:27:14 AM
MCX Silver is expected face the hurdle near 74200 and decline towards 72800 - ICICI Direct Metal’s Outlook Bullion Outlook. * Spot gold is likely to move in tight range of $1910-1926 ahead of the Fed chair’s speech at Jackson Hole symposium later in the evening. Meanwhile, firm dollar and higher treasury yields could limit the upside in the precious metals. Any clarity on the future interest rate trajectory by the Fed chair could bring more clarity in the price trend. * MCX Gold futures is expected to face the hurdle near 59000 and move back towards 58400 amid ...
MCX Silver is expected face the hurdle near 74200 and decline towards 72800 - ICICI Direct
MCX Silver is expected face the hurdle near 74200 and decline towards 72800 - ICICI Direct
Source: ICICI Direct
25/08/2023 11:08:22 AM
Rupee appreciated yesterday amid pullback in US treasury yields and softening of crude oil prices - ICICI Direct Currency Outlook Rupee Outlook * Rupee appreciated yesterday amid pullback in US treasury yields and softening of crude oil prices. Meanwhile, investors remained cautious ahead of economic data from US to gauge the economic health * Rupee is likely to depreciate today amid strong dollar and risk aversion in the global markets. Dollar is gaining strength on hawkish comments from Fed officials and as data showed number of Americans filing new claims for unemployment benefits declined l...
Rupee appreciated yesterday amid pullback in US treasury yields and softening of crude oil prices - ICICI Direct
Rupee appreciated yesterday amid pullback in US treasury yields and softening of crude oil prices - ICICI Direct
Source: ICICI Direct
25/08/2023 10:51:18 AM
Stock Picks : Marico Ltd And Bajaj Finserve ltd By ICICI Direct Marico Ltd Buy Marico Ltd @559.50-560.5; Target 567.30; Stop Loss 556.80   Bajaj Finserve Ltd Buy Bajaj Finserve Ltd @ 1469-1471; Target 1453.00; Stop Loss 1480.60   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly ...
Stock Picks : Marico Ltd And Bajaj Finserve ltd By ICICI Direct
Stock Picks : Marico Ltd And Bajaj Finserve ltd By ICICI Direct
Source: ICICI Direct
25/08/2023 10:30:03 AM
The index started weekly expiry session with a positive gap - ICICI Direct Nifty : 19387 Technical Outlook • The index started weekly expiry session with a positive gap, however profit booking from higher levels dragged index near last session’s low. Consequently, the daily price action resulted into a bear candle, indicating prolonged consolidation above 100 days EMA • Going ahead, sustenance above 19200 post outcome of Jackson Hole summit would open the door for extended pullback towards 19800 mark. Failure to do so would lead to prolongat...
The index started weekly expiry session with a positive gap - ICICI Direct
The index started weekly expiry session with a positive gap - ICICI Direct
Source: ICICI Direct
25/08/2023 9:25:33 AM
Stock Picks : Tata Consultancy Services Ltd And Bandhan Bank Ltd By ICICI Direct Tata Consultancy Services Ltd Buy Tata Consultancy Services Ltd @3398-3402; Target 3447.00; Stop Loss 3374.80   Bandhan Bank Ltd Buy Bandhan Bank Ltd @ 237.20-237.60; Target 240.80; Stop Loss 235.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the au...
Stock Picks : Tata Consultancy Services Ltd And Bandhan Bank Ltd By ICICI Direct
Stock Picks : Tata Consultancy Services Ltd And Bandhan Bank Ltd By ICICI Direct
Source: ICICI Direct
24/08/2023 10:53:55 AM