Wheat yesterday traded with the negative node and settled -0.39% down at 1368. Australia's wheat exports soared 20% to 919,000 tonnes in November, the second month of the country's marketing year. In Delhi wheat prices dropped -21.75 rupee to end at 1383.25 rupees per 10 kg. In yesterday's trading session Wheat has touched the low of 1365 after opening at 1372, and finally settled at 1368. For today's session market is looking to take support at 1360.3, a break below could see a test of 1352.7 and where as resistance is now likely to be seen at 1380.3, a move above could see prices testing 1392.7.
Crude Palm oil yesterday traded with the positive node and settled 0.96% up at 548.3 on expectations of pick up in demand in the spot market tracking firmness in Malaysian palm oil. Malaysia's Jan palm oil exports during January 1-15 were up 3.7% from the same period last month to 568,535 metric tonnes. In yesterday's trading session Crude Palm oil has touched the low of 543.2 after opening at 546.5, and finally settled at 548.3. For today's session market is looking to take support at 544.9, a break below could see a test of 541.5 and where as resistance is now likely to be seen at 550, a move above could see prices testing 551.7.
Ref Soyaoil yesterday traded with the positive node and settled 0.67% up at 649 on good spot demand and firm global cues. At the Indore spot market soyoil edged up by 4.25 rupee to 635.7 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 645.1 after opening at 646.9, and finally settled at 649. For today's session market is looking to take support at 646.1, a break below could see a test of 643.2 and where as resistance is now likely to be seen at 650.9, a move above could see prices testing 652.8.
Aluminium yesterday traded with the negative node and settled -1.22% down at 110.9. Some support had been seen from the LME stock also which came down by -3650mt, the total stock at LME is now at 4431350mt. In yesterday's trading session aluminium has touched the low of 110.7 after opening at 112.35, and finally settled at 110.9. For today's session market is looking to take support at 110.2, a break below could see a test of 109.5 and where as resistance is now likely to be seen at 112.1, a move above could see prices testing 113.4. Spread between aluminium JAN & FEB contracts yesterday ended at 1.20. Spread yesterday traded in the range of 1.05 - 1.3.
Natural gas yesterday traded with the positive node and settled 1.4% up at 206.7. Some pressure had been seen from the crude also which closed down by -0.34%, and closed at 4149. In yesterday's trading session natural gas has touched the low of 204.1 after opening at 204.5, and finally settled at 206.7. For today's session market is looking to take support at 204.7, a break below could see a test of 202.8 and where as resistance is now likely to be seen at 208, a move above could see prices testing 209.4. Spread between natural gas JAN & FEB contracts yesterday ended at 2.30p. Spread yesterday traded in the range of 2 - 2.3.
Jeera February contract gained Rs 328 and settled at Rs 15070 a kg as some lower level buying emergedMotilal Oswal Financial Services has reiterated its BUY recommendation on Shriram Finance (SHFL), assigning a target price of Rs 1,175, implying an upside potential of nearly 29% from the current m
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Featured, India Business, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Featured, India Business, Analyst View, Stock Markets, Honasa Consumer, ICICI Securities, India, Retail Sector
ICICI Securities has reiterated its BUY recommendation on Honasa Consumer Limited, raising its target price to Rs 550 from Rs 500, implying an upside potential of nearly 32% from the current market
Featured, India Business, Analyst View, Agriculture, Balkrishna Industries, Geojit Financial Services, India
Geojit Financial Services has upgraded Balkrishna Industries (BKT) to a BUY rating and assigned a 12-month target price of Rs.
Motilal Oswal has a Buy with a Rs 530 target — 24% upside from Rs 426.
Indian Renewable Energy Development Agency (IREDA) continues to demonstrate strong balance-sheet expansion despite a temporary slowdown in profitability caused by elevated provisioning and foreign
IDBI Capital has maintained its BUY recommendation on Apeejay Surrendra Park Hotels Ltd.
Main Regional Stories
Featured, India Business, Analyst View, Auto Sector, Bajaj Auto, Geojit Financial Services, Maharashtra
Geojit Financial Services has upgraded Bajaj Auto Limited to a BUY rating from HOLD, assigning a 12-month target price of Rs. 11,735, implying an upside potential of approximately 12% from the current market price of Rs. 10,460.
Keynote Capitals has maintained its BUY recommendation on Yatra Online Limited, assigning a target price of Rs. 206 against the current market price of Rs. 98, implying a potential upside of approximately 110%.
Tata Steel share price declined 1.8 percent on Friday after reports of fire at its UK-based steel plant. The company shared the fire was contained but there was damage at the steel plant.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Indo Count Industries, Textile Sector
ICICI Securities has retained its BUY call on Indo Count Industries, setting a revised 12-month target of Rs 418, versus a current market price of Rs 344.
