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Both midcaps as well as smallcaps underperformed with the Nifty Freefloat Midcap 100 Index moving down by 3.7% while the Nifty Freefloat Smallcap 100 Index was down 1.0% during the month

The subdued performance was attributable to global events, outlook on interest rates from the US Fed, domestic monetary policy and announcements/updates on the reforms front.

✔ Quarterly earnings: The stock markets would be closely tracking the earnings announcements. Convert usd to zar In the current quarter, there could be an earnings impact particularly in sectors that wherein cash transactions

✔ Geopolitical developments particularly in the US as the new President would start his term towards the end of the month and developments in the Eurozone and UK.

In terms of valuations, Sensex and Nifty are trading a forward PE multiple of 18.6 x and 18.3 x respectively. Global market futures The earnings numbers to date indicate that while some sectors have clearly outperformed expectations,

but expectations have been revised downwards consistently over the past few quarters.

Cad usd fx rate Prior to demonetization, the emerging trend had suggested that there was been a definite improvement in indicators like vehicle

sales, tractor sales, sale and prices of agri commodities, manufacturing and service PMI, lending to retail & services, etc. Convert canadian dollars to us dollars At the same time the data for October saw a marked improvement as festive demand,

Though post demonetization, these indicators have suffered a setback, however this is a short term thing and we expect the upward to trend to resume as the liquidity crunch n the economy eases.

As such, we believe that it is just a matter of time before the reforms and structural steps introduced by the Government start yielding results which in turn would help the laggard indicators to turn around and

support growth both for the economy and consequently for the corporate earnings. Famous quotes about life and death If we factor in a recovery in earnings growth (for reasons highlighted above) and continued momentum into FY18, valuations do not

look expensive from a long term perspective. Pre market oil futures Therefore, near term dips provide a good opportunity for picking up quality stocks for the long term. Cool pictures to draw easy In terms of sectors, we remain positive on autos and auto

ancillaries given that they enjoy a multiplier effect to economic growth; infrastructure and capital goods given the Government’s focus in that area and agri stocks which would benefit from

On a technical basis Nifty Index has entered into a sideways consolidation phase post taking support at the 50% Fibonacci retracement level i.e. Gender spectrum test 7890. Stock market opening times new years eve Currently, it is approaching resistance zone of 8270-8325 (upper end of the consolidation & 113% Fibonacci retracement); breakout from this range i.e. Dollar to indian rupee exchange rate today 8325 on higher volumes can take it to levels of 8360 being the downtrend line resistance. Usd to rmb converter Moreover, a close beyond the downtrend line resistance of 8360 can extend the rise to levels of 8460-8510. Dollar exchange rate in rupees However, failure to cross and close above 8325 can resume the corrections dragging it lower to levels of 8108-8050.

Nifty Bank Index has been oscillating in a declining channel pattern indicating corrective wave active at the moment. Gold price in usa today Currently, it has turned up forming a hammer candlestick pattern after testing the lower end of the channel placed at 17606. Famous quotes on education Further, a sustained trade above 18300 on higher volumes can take it higher to levels of 18700-19110. Usd to nzd conversion Moreover, a close beyond 19110 on higher volumes can trigger a breakout from the channel resuming the bull trend. Cnn after market futures Above 19110 it can test levels of 19440. 1 usd to btc However, a close below 18050 may drag it to the lower end of the channel placed between 17606-17520.

Given that the long term trend for the markets is positive which will be driven by an expected turnaround in the earnings which in turn would be a function of the economic recovery; we suggest that any corrections should be used as an excellent opportunity to pick up quality stocks.