 "Rex Cano")
Rex Cano
Rex Cano
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Page 62 - Rex Cano/workspace/business Standard Web/video
Gold to remain bullish above Rs 55,100; Silver may remain volatile
On the upside, Gold futures can rally to Rs 56,580 during the course of the month.
 "Gold to remain bullish above Rs 55,100; Silver may remain volatile")
Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
 "Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart")
Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333
On the downside, MCX Crude Oil January futures could slide to Rs 5,940 or even re-test the recent lows at Rs 5,850-level; Natural Gas seems on course to test Rs 290 level.
 "Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333")
Gold may enter short-term corrective phase, test Rs 52,000-level
On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.
 "Gold may enter short-term corrective phase, test Rs 52,000-level")
Stocks to Watch: Elin Electronics, Cipla, Eicher Motors, RIL, Banks, Pharma
Stocks to Watch: Elin Electronics to debut today, the stock is likely to list on a quiet note.
Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel
Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.
 "Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel")
Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380
On the downside, key support for MCX Crude Oil stands at Rs 6,350, below which a steeper fall to Rs 4,800 seems possible. Rs 413 - 418 is the resistance zone for Natural Gas on Wednesday.
 "Immediate hurdle for Crude Oil seen at Rs 6,725; Natural Gas to test Rs 380")
Stocks to Watch: NBFCs, Punjab & Sind Bk, Capri Global, Welspun Enterprises
Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.
 "Stocks to Watch: NBFCs, Punjab & Sind Bk, Capri Global, Welspun Enterprises")
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.
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.
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.
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.