Inside PSL Research
Welcome to the Peerless Securities Research Centre - the special research cell where some of India's finest financial analysts bring you intensive research reports on how the stock market is faring, when is the right time to invest, when to execute your order and more.
Depending on what kind of investor you are, we bring you fundamental or basic research and technical research. As an investor with Peerless Securities, you get access to these research reports exclusively. You get access to the following reports.
Market Outlook: Insights and Predictions for the Market Ahead
Indian equity market to open up as U.S. market stocks seesawed on Wednesday, trading in wide ranges, as traders weighed what the latest U.S. inflation data means for Federal Reserve policy. Tech shares led a rebound from steep session lows. CPI index, a broad measure of goods and services costs across the U.S. economy, increased 0.2% for August, in line with the Dow Jones estimates. That put the 12-month inflation rate at 2.5%, down 0.4 percentage point from the July level, slightly below the estimate for 2.6% and at its lowest level in 3½ years. Traders priced in an 85% chance that the Fed will approve a quarter percentage point, or 25 basis point, interestle reduction when its meeting concludes Sept 18. 2024.
Date: 13-September-2024
Indian equity market to open higher as U.S. stocks rose on Thursday as investors scooped up some tech shares and digested fresh inflation data after a volatile trading session. Inflation data released this week served as the final data points ahead of the Federal Reserve’s Sept. 17-18 meeting, where central bankers are widely expected to announce a quarter percentage-point interest rate cut.
European stocks rose Thursday as investors in the region digested the European Central Bank’s(ECB) move to further ease monetary policy. It slashed rates again by 25 basis points on Thursday, marking its second reduction to the deposit rate this year, but said it was not “pre-committing” to a future path for rates.
Nifty brokeout sharply of its trading range above 25,150 level yesterday to close up higher by 470 points, at 25,388. This indicates more upmove for the market, as upside level initially to be 25,580 and then 25,800 (1.5x Fibonacci extension). Immediate support now moves higher to 25,150.
Bank Nifty index ended 762.4 points higher, or 1.49 percent, at 51,772.4. It surpassed its previous hurdle of 51,750 forming bullish candlestick pattern in daily as well as in weekly charts. Momentum is expected to continue as holding above 51,500 will move towards 52,300 and 52,500 zones, while support is seen at 51,250 and 51,000 levels.
Advantages of our Research Desk
Our highly dedicated team does in depth analysis of industries and stocks for the benefit of our investors. Investor gain is our top priority. We specialize in five core product areas. These are Equities, Commodities, Currencies, Derivatives and Mutual Funds. Our views are purely based of analysis and are independent, unbiased and balanced.
Technical View
A technical view of Indices/Stocks summarising the previous day movement and what is expected to happen on the current time frame. This report will cover technical calls for trading along with various supports and resistances of chosen Indices/stocks.
Morning Brief
It provides financial information, business news, analysis, and stock market data. It also offers finance advice, company news, and stock market quotes. You also have information on daily economic, political and various other factors which affect the fundamentals or price movement of a company.
Stock Ideas
Ever wanted to pick a needle from a stack of Hay. That's exactly what a stock Idea is. Our research desk picks out potential stocks which can provide high scope for returns on investments. This is a report which is based on fundamentals as well of technical aspect.
Special Report
Events which are likely to affect equity market in short term do impact the sentiment and investment pattern of the traders as well of investors. We cover such events like Budget, major economic upturns or downturns likely to impact equity market movement.
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