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Recently commodity tips have become as important as securities because the rally of 2021 was equally shared by the commodity market. In February alone, traders and FIIs have pumped around 500 crores in the gold exchange-traded ETF funds, as they were actively buying the lows.
The continued inflow of liquidity into the yellow metal is an indicator of the strengthening of its base and continuing to enjoy prestige as a safe investment. Indian investors are looking to actively buy gold, as its international prices have corrected by nearly 8%, driven by changed customs duty and currency rates.
In such a scenario, gold remains our favored commodity tip for the long term. Those who are looking to gain short-term profits would be better suited by avoiding it.
On Monday, copper declined by nearly 1.67%, as the traders kept on building new short positions. The commodity opened a gap down and traded almost flat, owing to muted global cues.
Copper is still trading above its 200 days ema but on 15th March, it slid by nearly 1.6% to slide below its 20 days moving average. The RSI is still hovering around 53, which indicates strong but declining market momentum. During the last trading week, while Nickel, Zinc, and Lead prices ended in the red zone, copper ultimately traded flat.
Traders can take cues from the ongoing sideways trade pattern, with strong resistance for MCX copper at 692, while a support zone existing at 670. While the red metal has touched the high of 737 in march, it is unlikely to touch those levels again in the coming week. Our commodity tip on copper is to remain short with a stop loss of 3% on either side.
In the first 8 trading sessions of March, the indices seem to hover around the 15,200 to 14,900 range, and unable to make a fresh breakout. The trend is likely to continue, as the market remains short of fresh stimulus and awaits the results announced by their favored pick. In such a scenario, here are top free share market tips that can help you in gaining a quick profit in the upcoming week.
Voltas is currently trading around the 1040 to 1060 range. With an anticipated buying of cooling appliances in the summer season, Voltas might see a quick upside toward the 1270 range, leaving investors with a handsome 20% profit in the coming months. The company is aiming to retain its position of being a market leader. In the light of increasing commodity prices, it can increase appliances cost by 1% to 2%. This will drive both the revenue and the profits upwards.
Voltas is currently trading around the 1040 to 1060 range. With an anticipated buying of cooling appliances in the summer season, Voltas might see a quick upside toward the 1270 range, leaving investors with a handsome 20% profit in the coming months. The company is aiming to retain its position of being a market leader. In the light of increasing commodity prices, it can increase appliances cost by 1% to 2%. This will drive both the revenue and the profits upwards.
Kotak Mahindra has been trading in a sideways pattern since last week. The maximum open interest on the bullish side can be seen at the 2000 call option, while on the bearish side, the maximum open interest can be seen on the 1900 put option.
For a profitable trade in Kotak Mahindra, traders can sell the PUT options of 1900 and call option of 2000 strike price and simultaneously buy a put option of 1800 and call option of 2100. In a low volatility market, this trade is likely to be profitable easily. Traders can exit the trade if their loss is above 9000. The maximum possible benefit is 16,000. Kotak Mahindra can also be seen as a possible intraday tip if the momentum permits.
Jamna Auto has a 68% share in the Indian OEM segment. The company derives immense benefits from its lower logistics cost, owing to the fact that its facilities are located near OEM plants. It makes it one of the most profitable prospects in the industry. The company has a relatively well-placed dealership network and a trusted customer base. Presently available at an attractive valuation, the stock can see a 20% upside in the coming day.
L&T Infotech is seeing a bullish move and it has recently formed a flag and triangle pattern. Over the last two trading sessions, L&T has tried to break the flag pattern, suggesting an upward bullish move. Despite the bleeding market on Monday, L&T infotech was trading positively and gained 1.5% in intraday trade.
In a positive market, traders can buy L&T around 4050 for a target of 4140and a stop loss of 3975. Traders can enter this trade if the volatility and volume support the move.
IGL has been one of the most promising stocks of the last two years. Its near-monopoly in the NCR region is likely to continue in the coming days that will sustain its high margins. The pricing power in CNG allows the distributor company to pass on any hike in the prices of the domestic gas to its end users.
IGL is likely to maintain a 25% CAGR, which has been seen in the last 3 fiscal years. Its average return on investments has been 22%, boosted by volume growth. The company is likely to be one of the biggest gainers of the ongoing drive for green energy. Hence its long-term growth is likely to remain in the green zone.
For the short term, the investors can enter purchase its stocks, trading at a CMP of 505 for a target of 540 in the ongoing quarter. In the long term, the stock is likely to test 660 INR.
Kalyan Jewellers India Ltd (KJIL), is one of the largest jewelry companies in India based on revenue in FY20 (source: Technopak Report) with a 5.9% share in the organized market. Originally founded in 1993, the company is engaged in a wide range of jewelry and gem-based products, ranging across special occasions and daily wear jewelry.
Being led by a high experience promoter and sharp management, the company is expecting a sharp improvement in profitability and balance sheet. It remains an attractive company is likely to be oversubscribed in the market.
Craftsman Automation is a leader in the diversified engineering solution provider range. Primarily involved in catering to the automobile industry, it provides solutions to the two-wheeler and passenger vehicle makers.
It is one of the largest players involved in the machining of cylinder blocks and cylinder heads in the intermediate, medium, and heavy commercial vehicles segment. For the agriculture industry, the company makes cylinder blocks for the tractor segment.
Eyeing an early movers advantage in the electric vehicle segment, the company is likely to debut sharply on the bourses and hence is a hot buzzing IPO choice for investors.
Shyam Advisory is a leading investment advisory firm that brings to you well-researched intraday tips, intraday tips, commodity tips, and crude oil tips. Backed by sound analysis and fundamental research, our commodity tips and banknifty tips have helped traders cover their losses in FY20.
Our picks like IndusInd Bank, ICICI Bank, and other stock option tips have helped investors in gaining between 80% to 150% profit in the previous fiscal year. However, security and commodity markets are unpredictable forces. Hence investors are advised to keep appropriate stop loss while trading in currency tips, crude oil tips, and other stock market tips.
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