Tag: Update

12 Oct

IIP – Broad-based slowdown

IIP – Broad-based slowdown IIP for August contracted 1.1% YoY vis-a-vis 4.3% YoY growth last month and expectation of 2% YoY growth. Given the volatility in monthly numbers, we prefer to analyse it on a trend basis (3MMA). On this basis, IIP decelerated to 1.7% YoY (from 3.6% YoY last month) with a broad-based slowdown […]

03 Oct

Mahindra & Mahindra – Ford JV: Near term benefits visible; long term hazy

Mahindra & Mahindra (M&M) announced a joint venture (JV) with Ford India (FIPL) for 51% equity stake and 50% of the board seats. Key positives are: 1) widens the scope of the ongoing collaboration to include product development, manufacture & distribution; 2) brings cost synergies due to platform sharing, joint platform sharing (M&M expects this […]

13 Sep

Economic Spotlight: IIP picks up, Growth remains constant

Inflation Sees A Marginal Uptick CPI inflation for August 2019 came in at 3.21% Y-o-Y, marginally higher than the 3.15% Y-o-Y seen in July 2019. While inflation has been continuously inching up since January 2019, the pace of increase seems to have slowed. Primary driver of the uptick was food inflation which stood at 3% […]

06 Aug

Morning Snippet for 6th August

Observation Index continues to make new lows, though closing above lower band of the falling channel. In last three trading sessions shadows have been longer with shorter body. Although this does not signify any reversal, it is the combination of candles which will signify pullback. Yesterday index also filled up its gap range 10790-10840. We […]

01 Aug

Morning Snippet for 01st August

Nifty view:- setup turning Bearish Nifty and Banknifty shed close to 6% and 7% respectively in July. It was the worst July month since 2013 monthly chart of nifty is currently showing triple negative divergence which indicates any pullback in index will be short lived. Trade:- Nifty did not close below 11080 thus long call […]

31 Jul

Morning Snippet for 31st July

Nifty view:- setup turning Bearish Nifty closed below 11100 and closed near to our stop loss level of 11080 for our Premptive trade. If index closes below 11080 risky traders are advised to close long position. Monthly chart analysis Now, looking at the monthly chart of nifty it is showing triple negative divergence which indicates […]

30 Jul

Morning Snippet for 30th July

Index View Positive Nifty saw some recovery yesterday after testing 200dma. Market is also showing intermarket divergence. Bank Nifty did not make any new low yesterday. Beside this Nifty tested our mentioned level of 11150 and made new low yesterday. A close above 11250 Such divergence within with strong breadth should now confirm bottom in […]

26 Jul

Morning Snippet for 26th July

Index View Rangebound Observation The index yesterday tried to show some strength in the first half of the day but reversed all its gains after facing resistance at 11350 and closed in red for sixth consecutive day As per our view, the july series expired at 11250 and haven’t showed any volatile move during the […]

25 Jul

Morning Snippet for 25th July

Observation The index extended its losing streak to fifth day and broke the crucial support of 200 DEMA at 11297. Previous in 2018 Daily RSI level of Nifty was at 31 and index marked bottom at this level. Currently RSI is at 32 ,there is a high probability that index can bottom out once RSI […]

24 Jul

Voltas – Annual Report Insights: Consolidating its presence

In this edition of Annual Report Insights, we analyse Voltas. FY19 was challenging. The company chose to defend market share over profitability and hence – along with peers – focused on a cautious increase in cost while navigating currency volatility. Prepayment of creditors and higher inventory dragged free cash flow to minus INR4bn. In the […]