1

M A J O R G L O B A L I N D I C E S

The Indian government is reviewing around 50 investment proposals involving Chinese com-

panies under a new screening policy, three sources familiar with the matter told Reuters. Un-

der new rules announced by India in April, all investments by entities based in neighbouring

countries need to be approved by the Indian government, whether for new or additional fund-

ing. China is the biggest of these investors and the rules drew criticism from Chinese inves-

tors and Beijing, which called the policy discriminatory. new investment rules were aimed at

curbing opportunistic takeovers during the coronavirus outbreak. However, industry execu-

tives say a deterioration in bilateral relations since a clash along the countries' contested bor-

der last month, in which 20 Indian soldiers were killed

Top Headlines

India reviewing around 50 investment proposals from Chinese firms

Oil mixed on tighter supply, surge in U.S. virus cases

Gold gains as surging virus cases eclipse positive U.S. data

Dollar steady ahead of services sector data, rising stocks sink yen

MARKET RADAR 7 JULY 2020

India reviewing around 50 investment proposals from Chinese firms - sources

B O N D Y I E L D S

Index Last High Low Chg.

Nifty 50 10,763.65 10,811.40 10,695.10 156.30

BSE Sensex 36,487.28 36,661.66 36,254.02 465.86

Dow 30 26,176.33 26,297.03 25,996.08 348.97

S&P 500 3,174.40 3,183.33 3,165.33 44.39

Nasdaq 10,437.20 10,462.05 10,354.98 229.57

DAX 12,733.45 12,842.59 12,655.21 205.27

FTSE 100 6,285.94 6,304.19 6,157.30 128.64

CAC 40 5,081.51 5,121.72 5,059.07 74.37

Nikkei 225 22,714.44 22,734.11 22,325.75 407.96

Shanghai 3,332.88 3,337.27 3,187.84 180.07

Hang Seng 26,339.16 26,453.61 25,543.15 966.04

KOSPI 2,187.93 2,191.28 2,157.71 35.52

IDX Composite 4,988.87 5,009.35 4,973.49 15.07

Maturity Yield Change

India 3M 3.170 0.000

India 6M 3.390 0.000

India 1Y 3.704 0.004

India 2Y 4.151 -0.078

India 3Y 4.356 0.001

India 4Y 4.720 -0.013

India 5Y 5.065 -0.007

India 6Y 5.443 -0.009

India 7Y 5.777 -0.009

India 8Y 5.954 0.003

India 9Y 5.958 -0.007

India 10Y 5.836 -0.009

India 15Y 6.394 -0.023

India 30Y 6.505 0.002

2

N I F T Y O U T L O O K

Nifty continued the bullish mo-mentum in yesterday’s trade

with the index gaining by almost 1.5% over previous close. The

index opened with a gap up of 118 points and maintained a

sideways to higher stance for major part, eventually ending

the session on positive note. The technical picture continues to

remain bullish for now. Even though RSI is approaching over-

bought conditions in day charts, there is some more scope for bullish price action. Traders can remain long and continue to hold existing longs but need to be extra cautious while taking

fresh positions.

S2 S1 Pivot R1 R2 Trend

10640.3 10701.7 10756.3 10817.7 10872.3 UP

Bank Nifty continued the indeci-sive trading for yet another ses-

sion, with the index gaining but remaining inconclusive at close.

The banking benchmark opened on a positive note but moved side-

ways from the initial hour itself. However, the strength and positivi-

ty in the benchmark Nifty seemed to have rubbed off on the banking

index, as it slowly inched higher and closed near the day’s opening levels, gaining 340 points over previous close. The indeci-

siveness near the tops can give way for a sharp price action either side, and thus traders should hedge their existing as well fresh positions to limit the risk.

S2 S1 Pivot R1 R2 Trend

22028.0 22113.0 22256.0 22341.0 22484.0 UP

B A N K N I F T Y O U T L O O K

3

N I F T Y 5 0

SCRIP S2 S1 PIVOT R1 R2

ADANIPORTS 351.4 356.6 361.3 366.5 371.2

ASIANPAINT 1684.4 1696.5 1704.3 1716.4 1724.1

AXISBANK 427.7 430.7 434.2 437.2 440.7

BAJAJ-AUTO 2848.3 2874.7 2910.3 2936.7 2972.3

BAJAJFINSV 6091.3 6181.7 6251.3 6341.7 6411.3

BAJFINANCE 2890.6 3005.8 3070.2 3185.4 3249.9

BHARTIARTL 565.8 570.9 580.1 585.1 594.3

BPCL 379.4 384.7 390.7 396.0 402.1

BRITANNIA 3499.3 3562.5 3604.3 3667.5 3709.3

CIPLA 621.1 628.0 636.1 643.1 651.2

COALINDIA 134.0 134.9 136.2 137.2 138.5

DRREDDY 3840.0 3866.0 3903.0 3929.0 3966.0

EICHERMOT 18729.1 18984.5 19327.3 19582.7 19925.5

GAIL 102.2 103.0 104.0 104.8 105.8

GRASIM 617.3 629.8 641.6 654.1 665.9

HCLTECH 569.9 574.2 581.6 586.0 593.4

HDFC 1837.1 1854.3 1881.8 1899.0 1926.5

HDFCBANK 1087.6 1095.0 1107.5 1114.9 1127.4

HEROMOTOCO 2692.3 2733.6 2756.3 2797.7 2820.4

HINDALCO 144.3 149.5 152.3 157.5 160.4

HINDUNILVR 2138.0 2150.0 2165.0 2177.0 2192.0

ICICIBANK 356.2 359.3 363.6 366.7 370.9

INDUSINDBK 484.4 490.6 499.8 506.1 515.3

INFRATEL 221.1 223.6 226.1 228.5 231.0

INFY 753.5 758.9 767.0 772.4 780.5

IOC 85.7 86.8 88.1 89.2 90.4

ITC 197.5 199.0 200.5 202.0 203.5

JSWSTEEL 188.3 190.9 193.1 195.7 197.8

KOTAKBANK 1350.0 1359.3 1370.3 1379.6 1390.5

LT 939.5 945.3 952.4 958.1 965.2

4

SCRIP S2 S1 PIVOT R1 R2

M&M 519.1 544.4 559.0 584.3 598.9

MARUTI 5846.5 5990.8 6069.2 6213.5 6291.9

NESTLEIND 16624.6 16717.3 16779.7 16872.4 16934.7

NTPC 94.0 94.6 95.5 96.2 97.1

ONGC 81.7 82.8 83.8 84.9 85.9

POWERGRID 174.6 176.3 177.5 179.2 180.4

RELIANCE 1769.1 1812.1 1835.0 1878.0 1900.9

SBIN 184.3 186.1 188.0 189.8 191.7

SHREECEM 22674.9 22863.3 23039.1 23227.5 23403.4

SUNPHARMA 467.8 474.1 477.7 484.0 487.5

TATAMOTORS 102.4 105.7 107.8 111.1 113.2

TATASTEEL 325.6 332.2 337.0 343.6 348.4

TCS 2180.4 2220.7 2245.3 2285.6 2310.2

TECHM 565.6 573.2 580.6 588.1 595.5

TITAN 985.3 999.1 1009.5 1023.3 1033.6

ULTRACEMCO 3889.5 3914.8 3929.7 3955.0 3969.9

UPL 440.2 448.2 454.3 462.3 468.4

VEDL 103.8 106.7 109.1 112.0 114.5

WIPRO 218.3 220.7 224.0 226.3 229.6

ZEEL 169.5 172.4 175.2 178.1 180.9

SCRIP S2 S1 PIVOT R1 R2 TREND

M&M 519.1 544.4 559.0 584.3 598.9 UP

MARUTI 5846.5 5990.8 6069.2 6213.5 6291.9 UP

RELIANCE 1769.1 1812.1 1835.0 1878.0 1900.9 UP

HDFCBANK 1087.6 1095.0 1107.5 1114.9 1127.4 DOWN

ZEEL 169.5 172.4 175.2 178.1 180.9 DOWN

S T O C K S T O W A T C H

5

FX PAIR Expiry S1 PIVOT R1 R2 TREND S2

USDINR JUL 74.59 74.78 74.96 75.15 Down 74.41

EURINR JUL 84.32 84.49 84.77 84.94 Down 84.04

GBPINR JUL 93.31 93.52 93.80 94.01 Down 93.03

JPYINR JUL 69.37 69.51 69.72 69.86 Down 69.16

Dollar Index Spot 96.44 96.79 97.08 97.44 Indecisive 96.15

EURUSD Spot 1.1257 1.1301 1.1355 1.1399 Down 1.1203

GBPUSD Spot 1.2469 1.2494 1.2516 1.2541 Down 1.2447

USDJPY Spot 107.29 107.53 107.67 107.91 Up 107.15

107.22 107.46 107.94 108.18 108.66

Rupee ended with marginal gains near recent highs, after opening higher. Do-mestic currency opened on a strong note, above the resistance levels of 74.75, but maintained a sideways to lower price ac-tion initially. Later with lack of selling pressure there was pullback negating the initial losses and the currency ended near the resistance of 74.75 levels. A close be-yond 74.60 can induce further strength in rupee and push it towards 74 levels. Trad-ers are advised to look for longs but with

proper hedge.

F X O U T L O O K

R U P E E O U T L O O K

DISCLAIMER: This Report has been prepared by Rajesh Kumar Jain Palrecha of Wealth Tree Group registered as Research Analyst

with SEBI having registration number INH200007186. and distributed as per SEBI (Research Analysts) Regulations 2014. This report

does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any

transaction. Securities as defined in clause (h) of section2 of the Securities Contracts (Regulation) Act, 1956 includes Financial Instru-

ments and Currency Derivatives. The information contained herein is from publicly available data or other sources believed to be relia-

ble. although its accuracy and completeness cannot be guaranteed.This report is provided for assistance only and is not intended to be

and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this infor-

mation. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an

investment in Securities referred to in this document (including the merits and risks involved), and should consult his own advisors to

determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.

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