Tech Savvy Money Pub10

20th November 2017 Positive momentum likely to continue, Buy near 10260 levels: Benchmark indices on Thursday broke their three-day losing streak and closed in the positive territory.  Photo of the Day | Sunrise of Hpa-an   The Nifty rose  0.96% from the previous close to end at 10215 levels. Value  fishing at lower levels and the strength in Asian markets helped  domestic equity markets rise yesterday for the first time in four  days. Selective accumulation in IT, banking and oil & gas  counters further lifted the sentiments.  Read More::  Expert Trading Calls - 17th November 2017 Nifty  For the day to watch India’s  FX reserves data will be released today post market hours. Technically, Nifty bounced after testing 50 EMA yesterday which is a positive sign for the markets indicating that the broader trend in the index is still intact unless 10090 levels are breached.  The index may face resist...

The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile. US-based Moody's on Friday upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms. The rating upgrade comes after a gap of 13 years. Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'. The 'Baa3' rating was the lowest investment grade - just a notch above 'junk' status. "The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general govern...

Asian shares rose on Friday as strong US earnings and a step forward in the US Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts. Read More:: Moody's Upgrades India's Credit Rating For First Time In 13 Years MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent while Japan's Nikkei gained 0.9 percent, extending its recovery from a near three-week intraday low hit the previous day. Wall Street's main indexes rose sharply on Thursday, boosted by strong gains in Wal-Mart and Cisco following their earnings. The S&P 500 advanced 0.82 percent to turn positive for the week, a day after hitting a three-week low, while the Nasdaq Composite added 1.3 percent to a closing record high of 6,793.29. Buy Sun Pharmaceutical Industries, target Rs 530: Shrikant Chouhan Buy Sun Pharmaceutical Industries at a price target of Rs 530 and a stop loss at R...

17th November 2017 Positive momentum likely to continue, Buy near 10260 levels: Benchmark indices on Thursday broke their three-day losing streak and closed in the positive territory.  Photo of the Day | Sunrise of Hpa-an   The Nifty rose  0.96% from the previous close to end at 10215 levels. Value  fishing at lower levels and the strength in Asian markets helped  domestic equity markets rise yesterday for the first time in four  days. Selective accumulation in IT, banking and oil & gas  counters further lifted the sentiments.  Read More::  Expert Trading Calls - 17th November 2017 Nifty  For the day to watch India’s  FX reserves data will be released today post market hours. Technically, Nifty bounced after testing 50 EMA yesterday which is a positive sign for the markets indicating that the broader trend in the index is still intact unless 10090 levels are breached.  The index may face resistan...

17th November 2017 Positive momentum likely to continue, Buy near 10260 levels: Benchmark indices on Thursday broke their three-day losing streak and closed in the positive territory.  Photo of the Day | Sunrise of Hpa-an   The Nifty rose  0.96% from the previous close to end at 10215 levels. Value  fishing at lower levels and the strength in Asian markets helped  domestic equity markets rise yesterday for the first time in four  days. Selective accumulation in IT, banking and oil & gas  counters further lifted the sentiments.  Read More::  Expert Trading Calls - 17th November 2017 Nifty  For the day to watch India’s  FX reserves data will be released today post market hours. Technically, Nifty bounced after testing 50 EMA yesterday which is a positive sign for the markets indicating that the broader trend in the index is still intact unless 10090 levels are breached.  The index may face resistan...

16th November 2017 Markets likely to remain volatile, Buy near 10120 levels: Benchmark indices extended their losses for third consecutive session on Wednesday, tracking weaker Asian markets, weighed down by the consumer, metal and pharma stocks.  Moreover, profit booking as well as subdued global cues and weaker crude oil prices further impacted the market mood. On the sectoral front all the major indices closed in red, exhibiting underlying weakness in the market.  Read More::  Expert Trading Calls - 16th November 2017 Nifty shut the shop at 10118.05 with a loss of 68.55 points or 0.67% on closing basis. Trade deficit widened to $14.02 billion in October 2017 as against $11.13 billion in October 2016 as imports surged. Export declined by 1.12% to $23 billion during the month under review.  Technically, Nifty closed below its 21 & 50-DEMA which is currently placed near 10253 & 10143 respectively. On the higher side yesterday’s high of 10175 will a...