CA_Chetanbhasin

CA_Chetanbhasin

Company has emerged as Lowest Bidder (L1) for a Government project worth INR 1,364.47 Crores (excluding GST) of “Construction of State of the art High Rise Office Building” at Surat, Gujarat for Surat Municipal Corporation.

CA_Chetanbhasin

Busy week ahead US with center stage taken by labour market report, FOMC meeting minutes, ISM manufacturing and services PMI, foreign trade, factory orders, and Jolts Job Openings. December- Inflation Data will be released for Euro Area, Germany, France, Netherlands, Turkey, Switzerland, Philippines, and Indonesia. Investor to brace manufacturing PMIs from...

CA_Chetanbhasin

Mounting recession worries amid aggressive policy tightening by major central banks lead to a global recession risk next year. Market discounting the risk and have fallen over 3% from its 52% high. Week ahead It will be a busy week in the US with the most important releases including the PCE price index, personal income and spending, CB, and the University of...

CA_Chetanbhasin

The latest EIA data showed crude stocks fell by 5.187 million barrels last week, while analysts expected a 3.305 million drop. Still, fears about a potential global recession-driven demand downturn continued to hang over the market. On the supply front, OPEC+ decided to stick to their existing policy of reducing oil output by 2 million barrels a day from November...

CA_Chetanbhasin

US Markets Stronger-than-expected jobs data cooled expectations that the Federal Reserve will soon slow its tightening campaign. The Labor Department's closely watched employment report showed that the economy added 263,000 jobs last month while average hourly earnings unexpectedly increased. Elsewhere, Private payrolls in the United States increased by 221K in...

CA_Chetanbhasin

US Markets The Dow Jones closed 150 points on Friday as investors reassessed the outlook for monetary policy. US 10 Year Government Bond Yield decreased to a 7-week low of 3.6595%, after meeting minutes released the Federal Reserve's meeting showed a potential slowdown in interest rate hikes Week Ahead In the US, the labor report will take the central stage...

04:38

CA_Chetanbhasin

Educational video as how to identify a double top pattern. A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point. Question comes, How to identify the target of Double top pattern! After the confirmation of the pattern, your minimum target is equal to the size of the formation. In...

CA_Chetanbhasin

Democratic U.S. Senator Catherine Cortez Masto has won re-election in Nevada, Edison Research projected on Saturday in a victory that guarantees the Senate will be controlled by Democrats in 2023. #US equities closed Friday session higher after a choppy session, extending Thursday's sharp gains prompted by weaker-than-expected CPI Week a Head spotlight shifts...

CA_Chetanbhasin

Market outlook (7th Nov to 11th Nov) US market closed the 1% up following a volatile session on Friday after mixed jobs report. Fed Collins hinted that the pace of future increases could be smaller but did not rule out another 75 bps hike in December. US Market Ahead: Inflation data will be closely watched by the investors followed by several speeches by the...

CA_Chetanbhasin Updated 

US Commerce Department showed that personal spending rebounded in August, pointing to a still resilient economy. Fed Vice Chair Lael Brainard echoed the central's bank intention to bring rates to a restrictive level even at the risk of a recession This dollar’s strength was seen across the board, with some of the most pronounced buying activity against the...

06:47

CA_Chetanbhasin

How Fibonacci extention and time zone works How the powerful combination of Cycles + Statistics can provide amazing RISK:REWARD ratio trade

CA_Chetanbhasin

Techno funda view. The stock did a retracement of over 78% from the listing clearly moved in a oversold zone. a pull back likely till 1060 levels

CA_Chetanbhasin

Silver: Silver holding below the near four-week high of 58200 hit September 12 as hotter-than-expected inflation in the US resulted in overdoing inflation fight by FED which announced a hike rates by 75BPS and signaled further increases in the coming months. The Hawkish statement from Fed officials indicated their intention to keep raising rates until the funds...

CA_Chetanbhasin

The Indian Markets closed the week on a flat note. IT and pharma sectors ended in the red while the realty and auto stocks gained. Weak global cues amid fear of an aggressive Fed rate hike, robust economic (GDP) growth, and Reliance Industries' annual general meeting were the key highlights of the week. Better Q2 GDP growth in comparison to the global peers have...

CA_Chetanbhasin

Expertise in Industries Limited is into manufacturing Polyester Films, Polyster Chips, Specialty Polymers and Engineering Plastic compounds. The company serves varying markets like food packaging, processed food, fresh food, food on the go, shelf stable, ready to eat, liquids, beverage packaging, beverage packaging, home and personal care, industrial packaging,...

CA_Chetanbhasin

Quarterly earnings are over. Many companies reported subdued numbers, Inflation data showing improvement. India’s economic indicators remain better in comparison to global economies. Negative remained the Trade deficit which now touched 30B USD amid rise in commodity prices. In absence of macro data, market will react on the Global cues and FOMC minutes of...

CA_Chetanbhasin

Natural Gas: The storage facilities data in the United States increased by 44B cubic feet vs the estimate of 39B has put some demand concerns previous week. However, The temperatures in the US this summer remain high with several heatwaves boosting demand for air conditioners. Additionally, The Freeport LNG has recently agreed with regulators to partially...

CA_Chetanbhasin

M&M Revenue: 66.7% Up YoY at 1,96,126. 14.5% up QoQ EBIDTA: 43.5% up YoY at 23,410. 20.3% up QoQ PBT: 58.3% up YoY at 17,882. 13.7% up QoQ EPS Stands 12.2 Vs 7.2 YoY Key updates *Segmental revenue* Automotive: 12,741Cr vs 6,317Cr. Amid strong back to back hits (Thar, Xuv 700) Farm equipment: 8,428Cr vs 7,189Cr Amid strong Rabi harvesting and good...