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

USDINR remains rangebound but fireworks are in store for JPY traders as the central bank hints at early exit from monetary easing

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

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

Nifty 21,100 will be a major resistance level for the day, whereas Nifty 20,800 will act as a key support level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, Mid-cap IT and Metal stocks.

#KotakSecurities #Nifty #technical #technicalanalysis #stockmarket #stockmarketindia #Trading #Sector #Nifty #BankNifty #Stocks #stockstowatchkotak #ITStocks #MetalStocks

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

USDINR remains rangebound but Rupee can continue to do well against Euro and JPY

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

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

Nifty 21,000 will be a major resistance level for the day, whereas Nifty 20,700 will act as a key support level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and PSU Bank stocks.

#KotakSecurities #Nifty #technical #technicalanalysis #stockmarket #stockmarketindia #Trading #Sector #Nifty #BankNifty #Stocks #stockstowatchkotak #PSUBanks

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

USDINR continues to be rangebound but due to strength in the US dollar index we could see drop in crosses against the rupee

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

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

Nifty 20,850 will be a major resistance level for the day, whereas Nifty 20,500 will act as a key support level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, Metal and IT stocks.

#KotakSecurities #Nifty #technical #technicalanalysis #stockmarket #stockmarketindia #Trading #Sector #Nifty #BankNifty #Stocks #stockstowatchkotak #MetalStocks

Commodity Market Analysis and Outlook - 04th December - 8th December, 2023

1. Mixed Signals in the US Economy has Sparked Speculation on Rate Cuts and this has Impacted Global Markets

2. Earlier in the week, the dollar slipped to a four-month low of 102.6 as two of the most hawkish Fed officials signalled a possible pause in rate hikes, reinforcing the belief that the current cycle may be completed

3. The greenback rebounded to 103.59 by month-end, erasing weekly losses but still closed November with a notable 3% decline, marking its largest monthly drop in 2023

4. COMEX Gold prices experienced a notable surge, reaching a six-month peak at $2073.2 per troy ounce during the previous week, closely approaching the all-time high of $2089.2 achieved during the pandemic. This upward momentum was driven by a simultaneous decline in treasury yields and the dollar index

5. Silver mirrored gold's performance, recording a gain of over 5% for the week

6. Market dynamics are influenced by the anticipation of Federal Reserve rate cuts in early 2024, further enhancing the appeal of gold and silver

7. WTI Crude closed the week around 1% lower near $74/bbl amid scepticism and confusion surrounding OPEC+'s announcement of approximately 900,000 barrels a day in fresh output cuts from January

8. Market sentiments suggest concerns about the cartel's output being sufficient for a slowing global economy, contributing to the decline in crude oil prices

9. In the industrial metals sector, except for copper, prices closed lower due to a rebound in the dollar and mixed PMI figures from China

10. Notably, a bullish engulf pattern in MCX Copper futures contracts for December delivery has been confirmed, with bulls eyeing the next resistance near 742

11. Looking ahead , the US ISM Services PMI and jobs data in the week may test market nerves, with the potential for unexpected resilience to prompt traders to recalibrate their rate expectations

Highlights of 4th December Fundamental Weekly Podcast:

- Both Nifty and Sensex gained ~2.3% while Nifty Mid-cap gained 3.2% and the Nifty Small-cap gained 3.2%.

- On the economy front, real GDP growth of 7.6% in Q2FY24 came in ahead of expectations, led by strong investment growth (11% YoY) and government expenditure (12% YoY).

- In Flls continue to be a net cash buyer to the tune of Rs. 8,219.76 crores, to date in Nov'23.

- PICK OF THE WEEK – Samhi Hotels - TARGET - Rs 230

- SAMHI is among India's largest hotel ownership & asset management platforms

- Portfolio of 4,801 keys/31 operating hotels, built through an acquisition led- strategy

- Revenue/EBITDA CAGR of 24%/27% over the next three years

- We expect earnings per share (EPS) of Rs 6.0 in FY25E and Rs 9.2 in FY26E

#KotakSecurities #FundamentalPodcast #WeeklyInsights #MarketInsights #Equity #PickOfTheWeek #SamhiHotels #StockMarkets #Trading #Investing

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

Rupee against US Dollar may see mild strength at the open but overall rangebound view

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

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

Nifty 20,650 will be a major resistance level for the day, whereas Nifty 20,200 will act as a key support level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, Metal and Auto stocks.

#KotakSecurities #Nifty #technical #technicalanalysis #stockmarket #stockmarketindia #Trading #Sector #Nifty #BankNifty #Stocks #stockstowatchkotak #MetalStocks #AutoStocks