Stock to Watch Today: VIP Industries

VIP Industries

On the charts, VIP Industries consolidated in the range of 500-518 levels for 15 days and formed a double bottom” on daily charts which is bullish in nature. Last days, the stock gained over 1 percent and has given the breakout of pattern.

The 50 days DEMA of the stock on the daily charts is currently at Rs 518.40 So buying momentum may continue for coming days. Therefore, we are recommending long positions in the range of 520-521 levels for the upside targets of 535-550 levels with a stop loss below 503.

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Market Commentary:

The Sensex was up 52.79 points at 36374.08, while Nifty was up 14.90 pointsVIP Industries at 10,905.20.

GAIL, BPCL, INFRATEL, AXIS BANK,HCL TECH were the top gainers among Nifty 50 stocks while SUNPHARMA,YESBANK,ZEEL,EICHERMOT,SBIN were the top losers.

News Highlights:

  • FMCG major Hindustan Unilever on Thursday reported a 9 per cent year-on-year rise in profit at Rs 1,444 crore for December quarter.
  • Jet Airways Chairman Naresh Goyal has told the State Bank of India (SBINSE -1.90 %) that he is ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent

Stock to Watch: http://moneycapitalheight.blogspot.com/p/stocks-to-watch-today.html

Bank Nifty Market Trend for 18-Jan-2019: CapitalHeight

nifty bank updates

CH: OUTLOOK

BANK NIFTY- CONS.(27030-27960)

NIFTY-CONS.(10815-11035)

STRATEGY BUY

SGX NIFTY 58

DOW 162.94

ASIAN MKT UP

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International Market Update by Money CapitalHeight

CH: INTERNATIONAL MARKET UPDATE

GOLD $ 1291.60

SILVER $ 15.69

COPPER $ 2.65

CRUDE $ 52.52

INR 70.37

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India’s sugar mills struggling to export surplus as overseas prices fall

Sugar Shares RatesIndia’s sugar exports are likely to be far lower than a 5 million-tonne target set by New Delhi as a strengthening rupee and falling global prices make shipments unattractive despite a government push for overseas sales, industry officials said.

Lower shipments from the world’s No. 2 sugar producer could support global prices that fell more than 20 percent in 2018, but fewer exports could also increase Indian stockpiles ahead of the next marketing season and force the government to provide more support to an ailing industry.

India is likely to export 2.5 million to 3.5 million tonnes of sugar in the 2018/19 marketing year that started on October 1, five dealers and three industry officials told Reuters.

Indian mills have contracted to export 1.4 million tonnes of sugar since the start of the marketing season on October 1, shipping around 650,000 tonnes so far, four dealers said.

“Mills are not ready to sign new contracts as the difference in local and overseas prices widened,” said a Mumbai-based dealer with a global trading company that exports the sweetener out of India

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Flipkart, group companies increase television advertisements

filpcart information

Flipkart and its group companies — Myntra and PhonePe — have significantly increased their television advertisements since August when they got acquired by US retail giant Walmart. It is important to note that during this period Flipkart and Myntra were also promoting their sale events.

Last time Flipkart launched a branding campaign it was with a tagline ‘Ab Har Wish  Hogi Poori’ when it spent huge marketing dollars to create brand awareness. Since then, they have focused on trimming marketing and branding expenses to maintain a lean P&L statement and have been spending less than Amazon.

The battle of eCommerce is a battle not about balance sheet but about market share and post-acquisition when they are flush with funds; they have the right to protect market share,” said Saurabh Varma, CEO, Public is Communications India.

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