Jeera August contract gained Rs 298 and settled at Rs 14200 a kg supported by good local demand and a supply shortage as stockists awaited better prices. Syria and Turkey have started quoting higher prices for their produce in the international market. Firmness in the international market may support domestic prices. At Unjha, the spot market in Gujarat, jeera gained 39 rupees to end at 13,650 rupees per 100 kg. The contract made intraday low of Rs 13785 a kg and high of Rs 14269 a kg. Support for jeera is at 13900 below that could see a test of 13601. Resistance is now seen at 14384 above that could see a resistance of 14569.
Turmeric yesterday we have seen that market has moved -0.65% as traders booked profits after prices rose more than 7 percent in as many sessions and on hopes of revival in monsoon, which may boost sowing. Domestic demand is not supportive. Higher prices are restricting buying. In Nizamabad spot market, turmeric fell 38 rupees to end at 15,047 rupees. Market has opened at 14614 & made a low of 14510 versus the day high of 14656. The total volume for the day was at 3085 lots and the open interest was at 6850.Support for turmeric is at 14521 below that could see a test of 14443. Resistance is now seen at 14667 above that could see a resistance of 14735.
Chana dropped Rs 16 and settled at Rs 2281 per quintal on sufficient stocks and weak domestic demand as traders awaited a further fall in prices. Demand for chana dal may improve in coming days. Any downside should be taken as a good buying opportunity. In Delhi spot market, chana fell 11 rupees to end at 2,188 rupees per 100 kg. The volume was noted at 91750 lots. Support for chana is at 2272 below that could see a test of 2263. Resistance is now seen at 2299 above that could see a resistance of 2317.
Soyabean yesterday we have seen that market has moved 1.08% on good spot demand and expecting area under soybean may fall this year as it gave lower returns than cotton and pulses last year. In the Indore spot market, soybean rose by 15 rupees to 1,909 rupees per 100 kg. Market has opened at 1943 & made a low of 1943 versus the day high of 1969. The total volume for the day was at 77850 lots and the open interest was at 129850.Support for soyabean is at 1946 below that could see a test of 1932. Resistance is now seen at 1972 above that could see a resistance of 1984.
Mentha oil July contract gained Rs 4.4 and settled at Rs 703.2 a kg on buying suppor
Pepper August delivery gained Rs 516 and settled at Rs 19893/quintal on robust local demand, limBOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.
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Featured, India Business, Analyst View, BOB Capital Markets, Bullion Update, India, Kalyan Jewellers
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Steel Sector, Tata Steel
ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.
Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.
Featured, India Business, Analyst View, Auto Sector, BOB Capital Markets, India, Mahindra & Mahindra
BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Retail Sector, Swiggy
ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.
ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric
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ICICI Direct, the retail research arm of ICICI Securities, has reiterated its BUY call on Saregama India with a 12-month target price of Rs 740, about 16% above the Rs 638 market price, after the RPSG Group music label posted a robust September qu
Featured, India Business, Analyst View, Stock Markets, BOB Capital Markets, Cera Sanitaryware, India, Mumbai
BOB Capital Markets has maintained its BUY rating on Cera Sanitaryware with a target price of Rs 6,437, implying about 34% upside from the Nov. 5 closing price of Rs 4,802.
ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs 260.
Featured, Analyst View, Futures & Options, Stock Markets, Banking Sector, ICICI Securities, India, SBI
ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.
