Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Banerjee.

USDINR remains ranged between 81.40 and 81.80. Adani FPO and positive risk sentiments are rupee supportive but upturn in Dollar Index can limit downside

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Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast.

Nifty 18200 will be major resistance levels for today, while Nifty 18000 will be our support levels says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty Nifty, Auto,Metal and IT stocks here

Nifty 18000 an ultimate support level

Nifty 18200 major resistance levels

Get a full trading strategy here for Nifty, Auto, Metal and IT stocks

#Nifty #technical #technicalanalysis #stockmarket #kotaksecurities #stockmarketindia

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Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Banerjee.

Positional view in USDINR remains bearish as long as prices are sustaining below 82 levels. In crosses, Euro May continue to outperform GBP due to former’s relatively better economic outlook.

#Currency #CurrencyTrading #USDINR #Rupee #Forex #Euro

Join Sahaj Agrawal in this Weekly Expiry Update to get key insights.

Support placed at 18050 - trend setup also remains positive for now

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Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast.

Nifty 18,200 will be a major resistance level for the day, whereas Nifty 18,100 will act as key support level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, Auto and Engineering stocks.

Nifty 18,200 a major resistance level

Nifty 18,100 an important support level

Get a full trading strategy here for Nifty, Bank Nifty, Auto and Engineering stocks.

#Nifty #technical #technicalanalysis #stockmarket #kotaksecurities #stockmarketindia

Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Banerjee.

USDINR has witnessed strong short covering yesterday. If there is follow through buying today, then prices can trade close to major resistance zone near 82.00 levels. Bias remains downward as long as prices sustain below 82.00.

#Currency #CurrencyTrading #USDINR #Rupee #Forex #Euro

Highlights of 23rd January '23 Fundamental Weekly Podcast:

- Nifty Index gained 0.40%, while Sensex gained around 0.60%

- BSE Midcap and BSE SmallCap Index underperformed - FII continues to be net seller to the tune of Rs. 19880 crore, till date in Jan’23

- Indian equity markets turned hopeful ahead of the upcoming Union Budget, while macro indicators continued to be weak

- PICK OF THE WEEK – FEDERAL BANK - TARGET - Rs 160

- Federal Bank reported ~50% yoy earnings growth due to a 7% yoy decline in provisions and 40% yoy operating profit growth.

- RoE, which is currently at a 9-year high at 16%, is partly driven by operating leverage and tailwinds from NIM expansion that would moderate from hereon.

• Global risk appetite was limited in the previous week as economic growth concerns countered Chinese reopening optimism.

• Commodities, U.S. Dollar and Yields traded range bound.

• Dollar has been the major driving force for commodities that hit a fresh 7-month low.

• The Bank of Japan unexpectedly kept its yield curve tolerance band unchanged.

• U.S. retail sales fell 1.1% in December, whereas U.S. PPI fell by 0.5% in December.

• COMEX gold prices rose to a fresh 9-month high of $1,939 per troy ounce.

• COMEX Silver ended the week on a negative note, with prices falling 1.8%, to below $24 per troy ounce.

• Gold prices might see some profit booking ahead of a slew of central bank meetings in early February, with major focus on FOMC meeting. In the case of silver, the medium-term prospects remain bullish.

• WTI and Brent Crude closed 2% higher, mainly supported by Chinese demand optimism.

• NYMEX Natural gas has reached the 252 DMA support which might trigger some profit taking and might push prices higher.

• Most Base metals touched highest levels since June 2022 on improved demand prospects from China, world’s biggest consumer.

• Investors may remain cautious this week ahead of several key data releases, especially from the U.S. Flash PMI figures may provide hints about economic activity in major global economies.

• U.S. Advance GDP and Core PCE may be closely watched as these are the last crucial indicators before the FOMC statement on February 2.

#commoditymarkets #commodities #commoditytrading #stockmarket #kotaksecurities #technicalanalysis #podcast

Join Shrikant Chouhan, Research Head, Kotak Securities, as he takes us through the Trade Talk Podcast. C

Nifty 18,200 will be a major resistance level for the day, whereas Nifty 18,000 will act as key support level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, Metal, Private Banks and Auto stocks.

#Nifty #technical #technicalanalysis #stockmarket #KotakSecurities #stockmarketindia #trading

Get forex market and rupee movement updates on the go with Kotak Securities Currently in Currency podcast by Anindya Banerjee.

USDINR remains in downtrend with 80.80 as key support. In crosses, European PMis and US GDP will drive the trend

#Currency #CurrencyTrading #USDINR #Rupee #Forex #Euro #GBP #JPY #Dollar