AMTEKAUTO near by Strong breakout level
Breakout at 182….. Once if break the level
We see 186, 190++
BPCL Yesterday our Recommend at 470….. and Rocked 487
Today also can buy around 482
Rally expected 492 and 500+
Trade with tight stop-loss??
AXISBANK Yesterday came near by Breakout level
Today once if cross the level ??
Rally expected upto 1530 and 1550
Clients special call
Yesterday’s HNI CALL HINDPETRO
We have Recommend HINDPETRO Fut at 326 Target given 330
Achieved our given Target……… Rs 4 x 2000 : Rs 8000 Profit
Daily minimum ONE Call with high accuracy
Join us & Enjoy……….. Just Rs 10000/pm
Call us 098659 77321
Updated : 08.36am / 23rd April’14
The largest bourse National Stock Exchange (NSE) today said it is ready to extend trading hours for currency traders and is awaiting a nod from market regulator SEBI. “We are geared up to change currency trading timings as and when the SEBI allows us to do,” NSE Managing Director and Chief Executive Chitra Ramkrishna told reporters on the sidelines of the exchange-organised Futures Tech Summit.
If the proposal gets the regulator’s nod, the currency futures market would be open from 9 am to 7.30 pm as against the current timing time of 9am to 5pm. SEBI chief U K Sinha had recently said there were plans to increase trading hours for currency futures which would allow domestic market participants to adjust and alter their positions in line with movements in foreign currencies in global markets.
The move would help contain sharp volatility in the onshore currency market, as most of the trading volume takes place in offshore markets like Singapore, over which domestic regulators have no control. The non-deliverable forwards market controls more than 80 per cent of the currency futures market.
“Timings of currency markets can now be enhanced from 5 pm to 7:30 pm. So, we are moving in a direction where the rupee derivatives market can help corporates, for example, hedge on a continuous basis,” Sinha had said at an investors’ conference recently in Mumbai.
At present, currency futures are traded on platforms offered by exchanges like the NSE, BSE, MCX-SX, and United Stock Exchange. In 2013 and before that in 2012, in consultation with the RBI, the SEBI had placed restrictions on currency derivatives, because of a volatile rupee.
However, some time ago, the regulator came out with a set of new guidelines, restoring margin requirements. Ramkrishna also said that she did not envisage any consolidation in the exchange space and said that competition is healthy for the market.
U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end.
The National Association of Realtors said on Tuesday home sales slipped 0.2 percent to an annual rate of 4.59 million units, the lowest level since July 2012.
The decline was, however, less than economists’ expectations for a fall to a 4.55-million pace.
February’s sales pace was unrevised at 4.60 million units.
Existing home sales are counted at the closing of contracts and March’s sales reflected contracts signed in January and February when the country was in the grip of an unusually cold and snowy winter.
Even accounting for the terrible weather, the housing market has slowed significantly since last summer as a run-up in mortgage rates, high house prices and a dearth of properties sidelined potential buyers.
Existing home sales have been trending lower since last August, briefly popping up in December. Compared to March last year, sales were down 7.5 percent.
After much debate and speculation, Rahul Gandhi says he is ready to become prime minister if the Congress wins the Lok Sabha elections. The Gandhi scion had appeared reluctant in the past to take up any responsibility in the government describing the debate around PM candidate as all “smoke”.
However, Gandhi later on expressed his willingness to undertake any responsibility given to him by his party but there was widespread speculation whether he would be announced the Congress’ prime ministerial candidate.
Sources said the Congress top brass thinks it may be “risky” to announce Gandhi as the PM candidate with the party facing an uphill task in the polls and if he is given that responsibility the blame would go to him in the event Congress does badly at the hustings.
Nifty Future bounced from my support level 6825
Morning written on our blog NF support 6825 to 6810
NF opened & flashed 6821.90…….. but now Real low was 6825
We have Recommend Buying at 6826 & Booked partial Profit at 6846
Closely watch 6865!!!
More to our clients only
Updated : 02.00pm / 22nd April’14
Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars.
The revamp, announced on Tuesday, is the result of a keenly awaited strategic review at the company. Chief Executive Joe Jimenez said the changes would focus the company on innovative businesses with global scale. “They also improve our financial strength, and are expected to add to our growth rates and margins immediately,” he said.
Novartis said it had agreed to acquire GSK’s oncology products for a USD 14.5 billion payment. The Swiss drugmaker will also divest its vaccines business, excluding flu, to GSK for USD 7.1 billion plus royalties. In a separate transaction, Novartis said it had agreed to divest its animal health division to Eli Lilly for approximately USD 5.4 billion.
The deals mark a major reorganisation for GSK too, which is to return 4 billion pounds to shareholders following the changes. GSK will take the lead in running a future consumer health business with Novartis but will effectively give up its ambitions to be a global leader in oncology.
GSK said the company would in future have a balanced business centered around consumer health, vaccines, respiratory and HIV medicines, which together would account for about 70 percent of revenues.