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Aviation sector continues to be on our radar, since a week due to support from crude prices along with govt focused to increase airline connectivity. After rally in SpiceJet, Indigo and Jet airways, its now time for global vectra, and Taneja aerospace Govt may levy...

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Aviation sector continues to be on our radar. India now 3rd largest aviation market in domestic air passenger traffic. Govt of India is all focused to increase the regional connectivity. Spicejet and Global vectra to be on radar Further positive news for domestic...

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Murudeswahwar ceramics board meets today to issue preferential issues to promoters. Stock had seen positive momentum during the closing trade hours yesterday. Stock is trading 18% less than its recent high and is anticipated to continue its yesterday rally even today...

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Cabinet committee on Economic Affairs (CCEA) has approved to increase the minimum support price of milling copra for the 2017 season by Rs 550 per quintal to Rs 6,500. This is second rise after RS 400 per quintal rise in Jan, 2017. This development could put Marico...

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With crude oil trading at 4 months low, companies depending on crude and derivatives as an raw material is set to be benefitted. Further to above, housing for all focus could help Berger paints and Shalimar paints rally in short term. Also, Spice jet could see some...

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Rashtriya Chemicals and Fertilisers and Balaji Amines have jointly filed the application before the Directorate General of Anti-Dumping and Allied Duties (DGAD) for initiation of the investigation and imposition of the duty on imports of...

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Tyre stocks to be in focus, as govt has called up for a meeting to discuss the need of anti-dumping duty in the sector. It is likely that higher anti-dumping duty may be levied. Good year, Ceat and JK tyre to be on radar Gst council meet today to pass the gst law....

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Logistics stocks would continue to rise ground as the GST Council has endorsed additional legislation for implementation of the GST, and is now in the final fray. Patel integrates logistics could be a stock to watch out for Further progress to initial suggestion of...

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A2Z infra has got good order book over the last 1 month, and strong action has been seen in the stock during the closing hours of last trading day. This stick has to be in radar As per media reports(unconfirmed reports), Murugappa Group’s Coromandel International,...

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Oil’s tumble on US inventory build up and the release of a monthly report by OPEC showing that Saudi Arabia increased production in February back above the level of 10 million barrels a day. Chemicals, paints, aviation to be key beneficiary. Stocks to benefit:...

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UP BJP win was already factored in by the markets. May be only thing left out could be the land side victory, that means a short term rally could be definetly seen. Global/domestic cues and domestic reforms would play a key role for the markets ahead. US fed rate hike...

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Three key events that would have influence on our markets: 1. UP Sugar mills debt recast hope rises with exit polls claiming BJP to be single biggest party in recent polls: Companies like Uttam sugar and Simbholi sugar may rally on this 2. Chances of weather risk...

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Sentiment booster for aviation sector: Further to yesterday’s announcement of ATF tax cut to 1% from 25% in Delhi for flights heading to north east, expect more positives to the aviation sector in coming days Aviation turbine fuel tax cut will also be applicable...

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BSNL, MTNL merger plan back: Merger talks between MTNL and BSNL initiated again by telecom dept as the firms are under financial stress due to increasing competition in telecom sector. Earlier there were talks of Jio picking the stake. MTNL and ITI will have positive...

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1. Cabinet approved a proposal to revive 50 unserved and under-served airports as well as airstrips at an estimated cost of Rs 4,500 crore to enhance regional connectivity. SpiceJet may rally on this development 2. Govt is chocking out on new coal linkage policy to...

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Key events that would drive markets 1. US fed yellen signaled that it is all set to raise the interest rate this month, if labor and economic data holds up. India rupee may be volatile in Mondays trading session. However, this is already factored in in to markets and...

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Rain industries is a stock to watch out for. Company is in to CTP and CPC. Both of these are used in aluminum industry. There is a deficit of pet coke in the industry because of the new Chinese air pollution law implemented last year. Both these products has seen...

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Real estate will be on focus today, due to recently announced DLF rental arm deal said to be valued at 14,000 cr. Company positioned in similar space, prestige estate would be on focus, as similar story can spill out here Positive. Yesterday there was a rally seen in...

Tenets of Dow Theory – Part 3

In our previous issues, we have discussed in detail the first two tenets of Dow Theory.  Let us conclude the remaining four.   The Principal of Confirmation The theory requires both averages (Industrials & Railroads) to make new highs in order to declare a...

Tenets of Dow Theory (Part 2)

Let’s continue with the tenets of Dow Theory: 2.Classification of Trends. Trends are broadly classified into three major groups: The Primary wave, The Secondary swings & the minor day-to-day fluctuations. Let’s consider each of them in bit more details.   The...

Tenets of Dow Theory ?

Part 1 Let’s get into the tenets of Dow Theory. We have 6 principles to cover here.  1. The Averages Discount Everything (Except “Acts of God”) During Dow’s time, there was considerably less liquidity & price manipulations were rampant. By creating an aggregate of...

Insight on Dow Theory

Welcome to the fascinating world of technical analysis. We begin this new series with Dow Theory and a bit of historical background. Technical Analysis as a discipline began late 19th century, when Charles Dow, a Wall Street journalist, created two separate indices,...