Share Market Analysis News Report

slider1Domestic Equity Market Report:

Indian markets opened lower but went on to close above 7560 levels.

INTERPRETATION:

Nifty in the spot has given closing above 7560 after making the high of 7600. Profit booking took place at the resistance of 7600 levels. Nifty opened lower because of weak global markets.

POSSIBLE IMPACT

Nifty in spot is staring at the resistance of 7600 – 7630. Closing above this range will bring in fresh buying.

NEWS

Pharma, IT, PSU Banks down. Pvt Banks traded mixed.

INTERPRETATION

Pharma, IT down on the back of weak US and European markets. US and European markets closed in red last week over weak economic data. PSU Banks are expected to see selling in coming future too.

POSSIBLE IMPACT

Banking per se looking weak, especially PSU Banks because of rising NPAs. Pvt sector banks are a tad better than govt. banks.

NEWS

Tata Motors went up by 2.11% on the back of strong global sales of JLR brand.

INTERPRETATION

Tata Motors posted strong overseas sales of JLR in 2015 than in 2014; company witnessed a growth of 5% in revenue. JLR contributes 82% in Tata Motors consolidated revenue.

POSSIBLE IMPACT

Share prices are expected to move up now. Tata Motors could surge up till Rs. 375 if closes above Rs. 365 in spot.

Domestic Commodity Market Report:

NEWS

MCX Gold trades with high volatility.

INTERPRETATION

MCX Gold is finding support at around Rs. 25980-990. Weak sentiments for equities is the only reason behind this rise. Overall sentiments are still weak as fundamentals does not support this rise.

POSSIBLE IMPACT

Gold is in the range of Rs. 25990 and Rs. 26060. Breakout on either side will decide the short term trend. ‘Sell Below Support’ should be the strategy of the moment.

International Commodity Market Report:

NEWS

Gold is trading at its resistance after seeing a rapid rise.

INTERPRETATION

Gold is trading within the range and is likely to see selling pressure coming in at any level. Equities around the world were nervous last week but are expected to see some positive upticks this week pushing gold down in Comex.

POSSIBLE IMPACT

Gold is trading in the range of $1108 – $1097.50. $1097.50 is becoming its new support level. Closing below this will bring in selling from all quarters.

NEWS

Crude is running weak and is likely to stay at lower levels for now.

INTERPRETATION

Crude is trading at historic lows and is likely to stay down because of over supply and weak global demand. Saudi Arabia led OPEC is not likely to reduce prices because of political tension between Iran & Arab countries. Iran on the other hand could increase production to hurt the Saudi led alliance.

POSSIBLE IMPACT

Crude Oil prices are expected to gain around 40 cents from $32.80. Major uptick is still not on the cards.

BOTH:

NEWS

Europe’s Investor indicator went down dramatically. Swiss retail sales too went down.

INTERPRETATION

European situation is still looking gloomy where data are not supporting sentiments. Investors, an informed class of people are feeling low for the near future. Switzerland, the safest economic country is also witnessing slowdown.

POSSIBLE IMPACT

FTSE, CAC & DAX all are running weak and are expected to go sideways to mildly negative from here.

BOTH:

NEWS

Data due tomorrow: UK Retail Sales Data, Mfg & Industrial Production; BoJ Governor Kuroda Talk, Consumer Confidence, Current Account; Chinese New Loans & FDI Data.

INTERPRETATION

Tomorrow is a day of important data. UK, US, NZ, Canada, Japan & China, all are going to come out with certain data which eventually will impact the markets.

POSSIBLE IMPACT

US will post its labor market data today. Many expect it to come weak.

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