Gains that sent Indian stocks to a record are at risk of reversing as investors ignore the possibility of earnings disappointments in the wake of PM Narendra Modi’s currency clampdown, according to UBS Group AG. The Indian currency, Rupee appreciated more than 3 percent against US Dollar so far in the year to Rs 65.45/USD which was closer to a 17-month high of 65.36, a level which was last seen on October 30, 2015.
Commodity Tips:
Best Intraday Stock & Commodity Tips For Today (23rd March 2017)
Stock Tips:- Buy BPCL above: 658.06 Targets: 662.18 --- 668.66 --- 670.17 --- 675.72 Stoploss : 656.64
Commodity Tips:
- BUY GOLD APR IN THE RANGE OF 28850-28900 TARGETS 29000/29200 STOPLOSS 28500. Technically gold is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy in lower level strategy.
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Oil rates resumed their slide on this Wednesday, dragged down later than an unexpected profit in Unites State inventories, but with the losses capped by a improvement in worldwide equities on hopes of a price cut from the Federal Reserve.
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