Rex Cano
 "Rex Cano")
Rex Cano
Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Page 59 - Rex Cano
Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour
However, the overall market wide position dipped below Rs 2.20 lakh crore for the first time in the last six months.
 "Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour")
Stocks to Watch: NTPC, LIC Housing, Alembic Pharma, SIS, Gail, Puravankara
Stocks to Watch: In the F&O space, Punjab National Bank (PNB) is the only stock in ban period on Tuesday.
 "Stocks to Watch: NTPC, LIC Housing, Alembic Pharma, SIS, Gail, Puravankara")
Trend to remain positive for Gold above Rs 54,040; Silver 66,940
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.
 "Trend to remain positive for Gold above Rs 54,040; Silver 66,940")
Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power
Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.
 "Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power")
Strong support for Nifty seen at 17,850; Buy the dips, suggests chart
The options data indicates that the Nifty may look to hold on the 18,000-mark till expiry, given the high OI at the 18,000 Put.
Stocks to Watch: Aban Holdings, Landmark Cars, RIL, Lupin, Gail, JK Cement
Stocks to Watch Aban Holdings and Landmak Cars will be debuting on the stock exchanges on Friday. Both these stocks are likely to witness a tepid start to trade.
Stocks to Watch: Sula Vineyards, RIL, Spandana, Speciality Restaurants
Stocks to Watch Today: Shares of Sula Vineyards likely to list on a tepid note on Thursday.
 "Stocks to Watch: Sula Vineyards, RIL, Spandana, Speciality Restaurants")
Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441
On the downside, the MCX Crude Oil futures can re-test its recent low around Rs 5,850-level; whereas, the next support for beaten-down Natural Gas contract stands at Rs 401.
 "Pivot point for MCX Crude at Rs 6,300; Natural Gas Rs 441")
Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy
Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.
 "Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy")
Stocks to Watch: Hinduja Global, Just Dial, IRB Infra, SWRE, Ramco Systems
Stocks to Watch Today: Larsen & Toubro is also likely to see some action on Tuesday as the engineering major is looking to pare stake in its subsidiaries - Nabha Power and Hyderabad Metro.
Tech check: Gold to see fresh rally only above Rs 54,400, Silver Rs 68,600
The overall bias for MCX Gold December futures is likely to remain bullish as long as the contract sustains above Rs 53,850, and Silver above Rs 65,950.
Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana
Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.
Will US Fed's hawkish pivot push Sensex to 58,000?
Global equities were startled last week after the US Fed and European Central Bank warned of a long period of higher interest rates. Given this, will the markets witness extended correction this week?
 "Will US Fed's hawkish pivot push Sensex to 58,000?")
Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589
On the downside, Rs 5,850 seems to be a good support for Crude Oil; Whereas Natural Gas futures have multiple supports as per the daily chart.
 "Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589")
What is a share buyback?
If the Paytm board approves the buyback, it will become the 51st company to announce a stock repurchase agreement in 2022. But what is a share buyback? Why does a company undertake it?
 "What is a share buyback?")
Gold futures likely to re-test Rs 55,550; Silver on course to Rs 71,350
The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels.
OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts
HUL is currently present at the mass end in supplement and wellness space through Horlicks. OZiva & Wellbeing Nutrition acquisitions will help grow presence in the premium segment
 "OZiva buyout to improve HUL's health and wellbeing in long-run: Analysts")
Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty
Stocks to Watch Today: Markets to track Gujarat, Himachal Pradesh assembly results. Shares of rate sensitive sectors to be in focus as RBI policy signals likely further rate hikes.
Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280
The MCX Crude Oil and Natural Gas futures seem to be placed on a slippery ground on multiple time-frames, as per the charts.
 "Here's why MCX Crude Oil can crack to Rs 4,800-level; Natural Gas Rs 280")