Friday, 20 September 2013
INDIAN RUPEE REPORT
RBI is expected to keep the policy rate and the CRR unchanged. The range for the day is seen between 61.20-62.10/USD
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INDIAN ADRs REPORT
Indian ADRs ended weak on Thursday.
In the IT space, Wipro shed 0.77 percent at USD 10.34
Infosys fell 1.08 percent at USD 48.51.
In the banking space, ICICI Bank was down 2.16 percent at USD 34.02
HDFC Bank fell 1.88 percent at USD 33.94.
In the other sectors, Tata Motors rose 0.76 percent at USD 27.67
Dr Reddys Laboratories was down 0.58 percent at USD 37.56
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MM PRE MARKET CALLS 20-09 -2013
BUY ADANI ENT (LCP 149.35) ABOVE 150 TG-152.5-156.5
BUY AURBINDO PHARMA (LCP-185.75) ABOVE 187 TG-189.5-192.5
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MM PRE MARKET CALLS 20-09 -2013
BUY DLF (LCP-171.5) ABOVE 172.5 TG-174.5-177.5
BUY FINTECH (LCP-176) ABOVE 177 TG-180-184
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0731-6619100
MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG +385
NIKKEI +25
SHANGHAI 0
DOWJONES -40.39
NASDAQ +5.74
SGX NIFTY +1
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0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – BULLISH
BANK NIFTY FUTURE LEVELS
SUPP 1: 10990
SUPP 2: 10570
RES 1: 11285
RES 2: 11630
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0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: BULLISH
NIFTY SPOT LEVELS
SUPP 1: 6030
SUPP 2: 5955
RES 1: 6155
RES 2: 6220
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0731-6619100
Thursday, 19 September 2013
Equity Markets Are Different From Other Financial Markets
Equity markets are fundamentally different from other markets. In particular, equity markets tend to be highly structured and organized around exchanges, while most markets—even most financial markets—are not. Most goods and services trade quite nicely in decentralized, over-the counter markets. For example, we would not think of hiring a broker to send an order for paper clips to the New York Paper Clip Exchange. Instead, we would just call our local office supply store. Even most financial products trade without heavily structured and regulated exchanges. Currencies, bonds, loans, and many derivative markets thrive without centralized exchanges.
This difference between Equity Tips markets and other markets is driven by information. It is relatively easy to price most goods and services and even most financial products. The price of paper clips does not fluctuate much, and it is pretty easy for customers to know if they got a good price. Bonds are similar. If we know the term structure of interest rates and current yield spreads, we can price most bonds. Knowing the spot price of an asset and an estimate of volatility leads to accurate pricing of most derivatives.
For more Equity Tips visit my website www.marketmagnify.com
INDIAN RUPEE REPORT
Indian rupee appreciated by 139 paise to 61.69 per dollar in early trade Thursday as against Wednesday’s closing of 63.38 after the US Federal Reserve said it would continue buying bonds at the current rate of USD 85 billion a month for now.
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ASIAN MARKET COMMENTARY
Asian shares and currencies rallied broadly on Thursday .
Hong Kong’s Hang Seng advanced 1.64 percent or 379.14 points at 23,496.59.
Japan’s Nikkei added 0.98 percent or 142.90 points at 14,647.75.
Singapore’s Straits Times jumped 1.77 percent or 56.57 points at 3,250.42.
Taiwan Weighted, Shanghai Composite and Seoul Composite shut today.
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0731-6619100
MM PRE MARKET CALLS 19-09 -2013
BUY YES BANK (LCP-315.85) ABOVE 320 TG-326-334
BUY FINTECH (LCP-174.6) ABOVE 176 TG-179-183
BUY DLF (LCP 160.35) ABOVE 162 TG-164-167
BUY UNITED BREWERIES (LCP-861.5) ABOVE 867 TG-875-885
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0731-6619100
MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG +403
NIKKEI +162
SHANGHAI 0
DOWJONES +147.21
NASDAQ +37.94
SGX NIFTY +182
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10250
SUPP 2: 10020
RES 1: 10710
RES 2: 11120
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: BULLISH
NIFTY SPOT LEVELS
SUPP 1: 5880
SUPP 2: 5810
RES 1: 5985
RES 2: 6085
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0731-6619100
Wednesday, 18 September 2013
INDIAN RUPEE REPORT
The Indian rupee opened with a marginal gain at 63.25 per dollar versus 63.37 yesterday.
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INDIAN ADRs REPORT
Indian ADRs ended higher on Tuesday.
In the banking space, ICICI Bank was up 0.16 percent at USD 32
HDFC Bank was down 0.06 percent at USD 32.38.
In the IT space, Wipro rose 3.56 percent at USD 10.18
Infosys was up 0.25 percent at USD 48.21.
In the other sectors, Tata Motors added 1.56 percent at USD 26.65
Dr Reddys Laboratories gained 3.83 percent at USD 36.36.
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ASIAN MARKET COMMENTARY
Asian markets were trading mixed.
China’s Shanghai Composite was up 0.15 percent or 3.25 points at 2,188.81.
Hong Kong’s Hang Seng shed 0.30 percent or 70.13 points at 23,110.39.
Japan’s Nikkei gained 1.88 percent or 269.62 points at 14,581.29.
Singapore’s Straits Times added 0.44 percent or 13.93 points at 3,194.85.
Taiwan’s Taiwan Weighted fell 0.12 percent or 10.03 points at 8,239.75.
South Korea’s Seoul Composite shut today.
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0731-6619100
MM PRE MARKET CALLS 18-09 -2013
BUY YES BANK (LCP-300.9) ABOVE 302 TG-306.5-313
BUY FINTECH (LCP-164.05) ABOVE 165 TG-169-173
BUY TCS (LCP 1958) ABOVE 1960 TG-1972-1988
SELL AXIS BANK (LCP-1053.55) BELOW 1050 TG-1040-1025
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0731-6619100
MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG -59
NIKKEI +255
SHANGHAI -0.5
DOWJONES +34.95
NASDAQ +27.85
SGX NIFTY +5
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10090
SUPP 2: 9860
RES 1: 10455
RES 2: 10710
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5780
SUPP 2: 5740
RES 1: 5905
RES 2: 5985
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0731-6619100
Tuesday, 17 September 2013
INDIAN RUPEE REPORT
The dollar has a strong support level near mid-61 levels and hence rupee is expected to continue in the range of 62-63/USD. The range for the day is seen between 62.20-62.80/USD
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INDIAN ADRs REPORT
Indian ADRs ended higher on Monday
In the IT space, Wipro was up 0.92 percent at USD 9.83
Infosys gains 0.25 percent at USD 48.09.
In the banking space, ICICI Bank rose 4.04 percent at USD 31.95
HDFC Bank added 1.5 percent at USD 32.40.
In the other sectors, Dr Reddys Laboratories fell 2.01 percen at USD 35.02.
WWW.MARKETMAGNIFY.COM
0731-6619100
MM PRE MARKET CALLS 16-09 -2013
SELL DLF (LCP-153.8) BELOW 152.5 TG-150.5-147.5
SELL FINTECH (LCP-184.55) BELOW 183 TG-181-178
SELL JSW STEEL (LCP 653.6) BELOW 651 TG-645-638
SELL AXIS BANK (LCP-1087.55) BELOW 1085 TG-1076-1065
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0731-6619100
MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG -65
NIKKEI +22
SHANGHAI -12
DOWJONES +118.72
NASDAQ -4.33
SGX NIFTY -5
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10090
SUPP 2: 9860
RES 1: 10455
RES 2: 10710
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5780
SUPP 2: 5740
RES 1: 5905
RES 2: 5985
WWW.MARKETMAGNIFY.COM
0731-6619100
Monday, 16 September 2013
INDIAN RUPEE REPORT
The Indian rupee opened with a gap up of 69 paise at 62.80 per dollar versus 63.49 Friday.
WWW.MARKETMAGNIFY.COM
0731-6619100
ASIAN MARKET COMMENTARY
Asian markets were trading higher.
China’s Shanghai Composite was up 0.23 percent or 5.24 points at 2,241.46.
Hong Kong’s Hang Seng gained 1.31 percent or 299.58 points at 23,214.86.
Singapore’s Straits Times advanced 1.44 percent or 44.80 points at 3,165.10.
South Korea’s Seoul Composite rose 0.69 percent or 13.76 points at 2,008.08.
Taiwan’s Taiwan Weighted added 1.27 percent or 103.32 points at 8,245.80.
Japan’s Nikkei shut today.
WWW.MARKETMAGNIFY.COM
0731-6619100
MM PRE MARKET CALLS 16-09 -2013
BUY AJANTA PHARMA (LCP-960.75) ABOVE 964 TG-973-985
BUY WHEELS (LCP-724.45) ABOVE 728 TG-735-745
BUY LOVABLE (LCP 287.7) ABOVE 290 TG-295-302
BUY RELIANCE INFRA (LCP-387.65) ABOVE 390 TG-395-402
WWW.MARKETMAGNIFY.COM
0731-6619100
MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG +299
NIKKEI +17
SHANGHAI +4
DOWJONES +75.42
NASDAQ +6.21
SGX NIFTY +102
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10090
SUPP 2: 9860
RES 1: 10455
RES 2: 10710
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5780
SUPP 2: 5740
RES 1: 5905
RES 2: 5985
WWW.MARKETMAGNIFY.COM
0731-6619100
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