Gold, silver down in morning trade

Gold prices were trading in red in morning trade on Tuesday on account of weak trend overseas and subdued demand from local jewellers. gold-silver-b-27-8-2013

MCX Gold was down 0.31 %, or Rs 94, at Rs 29,839 per 10 gram around 10.35 am (IST), whereas MCX Silver was down 0.33 %, or Rs 134, at Rs 41,030 per 1 kg.

Latest holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.3 % to 834.50 tonnes till September 8.

Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 10,173.58 tonnes, remain unchanged from previous business day.

Benchmark equity indices were trading firm following global cues. The BSE Sensex was up 166 points, or 0.52 per cent, at 32,048 around 10.50 am (IST), while NSE Nifty index was up 45 points, or 0.45 per cent, at 10,050.

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5 money-making ideas that can deliver big before Diwali

The bulls and the bears continued to fight hard through this past week to get a grip on the market. For the week ended September 8, 2017, NSE’s Nifty index cimages (2)losed at 9,934, down 0.40 per cent from its September 1 closing of 9,974.

Brokerage Sharekhan said the momentum indicator on the weekly chart was bearish. The Nifty50 has crucial support at 9,448 and 9,300 levels while it faces resistance at 10,350 and 10,960.

Based on various brokerage recommendations, here are 5 stock strategies that can potentially deliver solid gains over the next 7-21 sessions:

Petronet LNG |Buy | Target price: Rs 245 | Stop loss: Rs 214

After a breakout towards a new high, this stock has seen some consolidation. The long-term trend of the stock is upward and it is currently resting near its support at the 20DMA. The RSI and MACD are supporting its bullish momentum.

Hindustan Zinc | Buy | Target price: Rs 335 | Stop loss: Rs 292

This stock has been underperforming the metal pack over the past 3-4 months, but it has witnessed some momentum recently and saw a breakout. The RSI and MACD are trending strongly in the bullish zone and a new high could be a possibility before the expiry of the ongoing series of F&O contracts.

Bajaj Corporation | Buy | Target price: Rs 430 | Stop loss: Rs 375

A fresh buy signal has emerged over the Stochastic on the weekly chart, which is a very bullish indication. The daily MACD remains in continuing buy mode. The RSI has made a higher low and shows a bullish divergence against price. An upward revision in prices is likely over the next few days.

Karur Vysva Bank | Buy | Target price: Rs 165 | Stop loss: Rs 135

After rising sharply from Rs 110 to Rs 145, this stock has seen consolidation in the Rs 130-145 range. On the weekly charts, it has made bullish flag formation and seen a fresh breakout above Rs 145. Moreover, a divergence in RSI and Stochastic is indicating positive moves going forward. Traders can accumulate the stock in the Rs 145-150 range for a target of Rs 165 with a stop loss below Rs 135.

Titan | Buy | Target price: Rs 667 | Stop loss: Rs 605

After hitting a lifetime high of Rs 651 last week, this counter is in a corrective and consolidation process. “One should make use of this opportunity to create fresh long positions and prices and on declines up to Rs 618 for a target of Rs 667 with a stop loss at Rs 605,” Mohammad said.

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STOCK RECOMMENDATION FOR MONDAY

Ramky Group               RAMKY

STOCK HAS GIVEN TRENDLINE BREAKOUT ON 5TH OF SEPT WITH HIGH VOLUME AND AFTER THAT CONSOLIDATING IN THE RANGE OF 99 TO 105 WHICH IS ABOVE BREAKOUT LEVEL, 105 IS VERY CRUCIAL LEVEL, AS MACD AND RSI ARE IN FAVOR OF STOCK. FOR NEXT WEEK WE SUGGEST BUYING IN RAMKY ABOVE 105 WITH SL OF 97 FOR TARGET OF 112-120

 

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सेबी ने पीएसीएल, 4 निदेशकों पर 2,423 करोड़ का जुर्माना लगाया

sebimmबाजार नियामक सेबी ने गुरुवार को पीएसीएल लिमिटेड और इसके चार निदेशकों पर 2423.16 करोड़ रुपये का जुर्माना लगाया है, जिन्होंने विभिन्न योजनाओं के तहत अवैध रूप से 49,100 करोड़ रुपये जुटाए हैं। सेबी ने कहा कि पीएसीएल द्वारा 15 वर्षों में अपंजीकृत सामूहिक निवेश योजनाओं के माध्यम से 49,100 करोड़ रुपये जुटाए गए, जो भारतीय प्रतिभूति एवं विनिमय बोर्ड अधिनियम, 1992 और सेबी (कलेक्टिव इनवेस्टमेंट स्कीम) विनियम, 1992 का उल्लंघन है।

हालांकि, 2,423.16 करोड़ रुपये का जुर्माना सेबी के 22 सितंबर, 2015 के आदेश से कम है।

सेबी ने सेबी विनियमन (प्रतिभूति बाजार से संबंधित धोखाधड़ी और अनुचित व्यापार प्रथा निषेध), 2003 के तहत संयुक्त रूप से पीएसीएस और उसके चार निदेशकों – त्रिलोचन सिंह, सुखदेव सिंह, गुरमीत सिंह और सुब्रत भट्टाचार्य पर संयुक्त रूप से और अलग-अलग जुर्माना लगाया है।इस जुर्माने को पीएसीएल और उसके चार निदेशकों द्वारा आदेश की प्रति मिलने के 45 दिनों के अंदर संयुक्त रूप से और अलग से जमा कराना होगा।

 

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