22351 NEXT; TRAIL STOP-LOSS TO 21950

 

22351 NEXT; TRAIL STOP-LOSS TO 21950

 

WORLD MARKETS

 

U.S. indices climbed 0.5%-1.2%, with the Dow and S & P 500 snapping 3-session losing streak and the latter closing at a fresh record.

 

U.S. 10-year treasury yield fell 4 bps to 4.192%. Dollar index was flat at 104.29. Gold rose 0.7% to $2194 per ounce.

 

WTI crude futures fell 0.3% to $81.35 a barrel and Brent futures dropped 0.2% to $86.09 a barrel.

 

In Europe, FTSE was flat while DAX and CAC gained 0.5% and 0.25% respectively. Economic sentiment in the European Union was slightly higher, with employment expectations holding steady. Spanish inflation came in at 3.2% for March, and French consumer confidence showed a cautious uptick in sentiment.

 

AT HOME

 

Sensex and Nifty gained 0.7% and 0.4% respectively to close at the highest level after 14th March. Sensex settled at 72996, up 526 points while Nifty added 118 points to finish at 22123. Nifty mid-cap and small-cap indices gained 0.1% and 1% respectively, extending the winning streak to fourth and fifth consecutive day respectively. Nifty Realty and Consumer Durables indices were the top gainers among the sectoral indices, up 0.8% and 0.7% respectively while PSU Bank index was the top losers, down 1%, followed by 0.6% lower IT and Media indices.

 

FIIs net bought stocks worth Rs 2170 cr but net sold index futures and stock futures worth Rs 1116 cr and 2541 cr respectively. DIIs were net buyers to the tune of Rs 1198 cr.

 

Rupee depreciated 9 paise to end at 83.37/$.

 

OUTLOOK

 

Today morning, Nikkei is down 1.3% while Hang Seng and Shanghai are down quarter of a percent each. GIFT Nifty is suggesting a flattish start for our market.

 

In yesterday's report we had said that 21883, the low made on Friday, continued to be immediate support, while 22180, the top made on Friday, continued to be immediate hurdle.

 

Nifty rose to touch a high of 22193 before closing at 22123.

 

22351, the 78.6% retracement level of the recent 22526-21710 fall, is the next upside level to eye; 21950 is the immediate support on the hourly chart, with the stop-loss of which, trading longs can be held on to.

 

For Banknifty, 46990, the top made last week, continues to be immediate hurdle, upon crossover of which, 47270 and 47662, the 61.8% and 78.6% retracement levels of recent 48161-45828 fall, would be next upside levels to eye; 46500 continues to be immediate support, upon breach of which, 45828, the low made last week, would be bigger support to eye.

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21883 CONTINUES TO BE IMMEDIATE SUPPORT; 22180 IMMEDIATE HURDLE

 

21883 CONTINUES TO BE IMMEDIATE SUPPORT; 22180 IMMEDIATE HURDLE

 

WORLD MARKETS

 

U.S. indices fell 0.1%-0.4%, with the Dow and S & P 500 extending the losing streak to third straight session.

 

Durable Goods orders rose by 1.4% last month, higher than the 0.8% rise economists had anticipated. However, the latest consumer confidence index surprised economists’ expectations to the downside.

 

U.S. 10-year treasury yield fell 1 bps to 4.234%. Dollar index inched up 0.1% to 104.29. Gold rose a third of a percent to $2178 per ounce.

 

WTI crude futures fell 0.4% to settle at $81.62 a barrel and Brent futures lost 0.6% to $86.25 a barrel.

 

European markets gained 0.2%-0.7%

 

AT HOME

 

Sensex and Nifty fell 0.5% and 0.4% respectively on the first day of the 3-session trading week, snapping a 3-day winning streak. Sensex settled at 72470, down 361 points while Nifty lost 92 points to finish at 22004. Nifty mid-cap and small-cap indices however climbed 1% and 0.4% respectively, extending the winning streak to third and fourth session respectively. Nifty Media index was the top loser among the sectoral indices, down 1.7%, followed by 0.6% lower IT and Bank indices. Realty index surged 1.6%, becoming top gainer, followed by 0.7% higher Oil & Gas index.

 

FIIs net bought stocks and stock futures worth Rs 10 cr and 941 cr respectively while net sold index futures worth Rs 881 cr. DIIs were net buyers to the tune of Rs 5024 cr.

 

Rupee appreciated 15 paise to end at 83.28/$.

 

OUTLOOK

 

Today morning, Nikkei is up 0.8% while Hang Seng and Shanghai are down 1.2% and 0.5% respectively. GIFT Nifty is suggesting a modestly lower start for our market.

 

In yesterday's report we had said that 22180, the top made on Friday, roughly coincided with 20-DMA, and hence was the immediate hurdle to eye while 21883, the low made on Friday, was the immediate support.

 

Nifty fell to close at 22004.

 

21883, the low made on Friday, continues to be immediate support, upon breach of which, 21710, the bottom made last week, would be bigger support to eye; 22180, the top made on Friday, continues to be immediate hurdle.

 

For Banknifty, 46500 continues to be immediate support, upon breach of which, 45828, the low made last week, would be bigger support to eye; 46990, the top made last week, continues to be immediate hurdle.

22180 IS IMMEDIATE HURDLE; 21883 IMMEDIATE SUPPORT

 

22180 IS IMMEDIATE HURDLE; 21883 IMMEDIATE SUPPORT

 

WORLD MARKETS

 

U.S. indices fell 0.3%-0.4% yesterday.

 

New home sales came in at 662,000, below the 675,000 estimate and 0.3% down from January’s figure of 664,000 sales.

 

U.S. 10-year treasury yield rose 4 bps to 4.247%. Dollar index fell 0.2% to 104.22. Gold rose 0.3% to $2171 per ounce.

 

WTI and Brent crude futures rose 1.6% each to $81.95 and $86.57 a barrel respectively.

 

In Europe, FTSE fell 0.2%, CAC was flat while DAX rose 0.3%.

 

AT HOME

 

Sensex and Nifty gained 0.3% and 0.4% respectively, extending the winning streak to third straight day and closing at the highest level after 14th March. Sensex settled at 72831, up 190 points while Nifty added 85 points to finish at 22096. Nifty mid-cap and small-cap indices gained 0.6% each. Except 2.3% lower IT index, all the NSE sectoral indices ended higher, with Realty and Auto indices being the top gainers, up 1.8% and 1.7% respectively.

 

FIIs net sold stocks worth Rs 3310 cr but net bought index futures and stock futures worth Rs 1433 cr and 5919 cr respectively. DIIs were net buyers to the tune of Rs 3764 cr.

 

Rupee depreciated 28 paise to end at 83.43/$.

 

For the week, Sensex and Nifty gained 0.2% and 0.3% respectively.

 

OUTLOOK

 

Today morning, Hang Seng and Nikkei are modestly higher while Shanghai is down 0.3%. GIFT Nifty is suggesting nearly 50 points lower start for our market.

 

In Friday's report we had said that 22080, was the immediate hurdle, upon crossover of which, 22215 and 22350, the 61.8% and 78.6% retracement levels of the recent 22526-21710 fall, would be next upside levels to eye while 21710, was the immediate support.

 

Nifty, after making a low of 21883, rebounded to touch a high of 22180 before closing at 22096.

 

22180, the top made on Friday, roughly coincided with 20-DMA, and hence is the immediate hurdle to eye. Above 22180, next upside target to eye would be 22351, the 78.6% retracement level of the recent 22526-21710 fall; On the way down, 21883, the low made on Friday, is the immediate support, upon breach of which, 21710, the bottom made last week, would be bigger support to eye.

 

For Banknifty, 46990, the top made last week, roughly coincided with 20-DMA, and hence is the immediate hurdle to eye. Above it, 47270 and 47662, the 61.8% and 78.6% retracement levels of recent 48161-45828 fall, would be next upside levels to eye. On the way down, 46500 is the immediate support on the hourly chart, below which, 45828, the low made during the week, would be bigger support to eye.

NIFTY RETREATS FROM 34-DMA HURDLE

 

NIFTY RETREATS FROM 34-DMA HURDLE

 

WORLD MARKETS

 

U.S. indices gained 0.2%-0.7% to hit fresh record highs.

 

U.S. 10-year treasury yield was unchanged at 4.271%. Dollar index rose

0.6% to 103.97. Gold fell 0.2% to $2181 per ounce. Sterling slid after the Bank of England (BoE) kept its benchmark interest rate on hold as expected. The Swiss National Bank unexpectedly cut its main interest rate by 25 bps to 1.50%, making it the first major central bank to dial back tighter monetary policy aimed at tackling inflation.

 

Brent crude futures settled down 0.2% to $85.78 a barrel, while WTI futures fell 0.3% to $81.07 a barrel.

 

In Europe, FTSE surged 1.9% while DAX and CAC gained 0.9% and 0.2% respectively.

 

AT HOME

 

Sensex and Nifty gained 0.8% each, posting best day since 1st March. Sensex settled at 72641, up 539 points while Nifty added 172 points to finish at 22011. Nifty mid-cap and small-cap indices soared 2.4% and 2.5% respectively, with the former posting its best single day gain since 26th December 2022. All the NSE sectoral indices ended higher, with Realty and Metal indices being the top gainers, up 3% and 2.4% respectively.

 

FIIs net sold stocks worth Rs 1827 cr but net bought index futures and stock futures worth Rs 443 cr and 3283 cr respectively. DIIs were net buyers to the tune of Rs 3209 cr.

 

 

Rupee appreciated 1 paise to end at 83.15/$.

 

OUTLOOK

 

Japan’s headline inflation rate for February came in at 2.8%, climbing from the 2.2% seen in February. Core inflation also came in at 2.8% compared with 2% in the previous month.

 

Today morning, Nikkei is up half a percent but Hang Seng and Shanghai are down 1.6% and 0.8% respectively. GIFT Nifty is suggesting a modestly lower start for our market.

 

In yesterday's report we had said that 34-DMA, placed around 22070, was the immediate hurdle for Nifty.

 

Nifty, after touching a high of 22080, eased to end at 22011.

 

22080, the top made yesterday, which coincided with 34-DMA, is the immediate hurdle to eye, upon crossover of which, 22215 and 22350, the 61.8% and 78.6% retracement levels of the recent 22526-21710 fall, would be next upside levels to eye; 21710, the low made Wednesday, is the immediate support.

 

For Banknifty, 46990, the top made yesterday, which roughly coincided with 20-DMA, is the immediate hurdle, upon crossover of which, 47270 and 47662, the 61.8% and 78.6% retracement levels of recent 48161-45828 fall, would be next upside levels to eye; 45828, the low made Wednesday, is the immediate support.

Investment in securities market is subject to market risk.

Please check https://www.prudentbroking.com/Disclaimert.aspx for detailed disclaimer. 

34-DMA RESISTANCE AT 22070; 21667 IS IMMEDIATE SUPPORT

 

34-DMA RESISTANCE AT 22070; 21667 IS IMMEDIATE SUPPORT

 

WORLD MARKETS

 

U.S. indices surged 0.9%-1.2% to hit all-time closing records after the Federal Reserve maintained expectations for three cuts before the end of 2024.

 

The Fed left rates unchanged but said that it plans to cut three times before the end of the year, reaffirming its previous forecast from December. That said, the central bank indicated that it needs greater evidence that inflation is easing before it starts taking its foot off the brakes.

 

U.S. 10-year treasury yield fell 2 bps to 4.277%. Dollar index fell 0.4% to 103.38. Gold surged 1.3% to $2186 per ounce.

 

Brent crude futures settled down 1.6% at $85.95 a barrel and WTI futures ended 2.1% lower at $81.68.

 

In Europe, DAX rose 0.2%, FTSE was flat while CAC fell half a percent. U.K. inflation came in lower than expected at 3.4% y-o-y in February, down from 4% in January.

 

AT HOME

 

Benchmark indices ended marginally higher after a choppy session. Sensex settled at 72101, up 89 points while Nifty added 21 points to finish at 21839. Nifty mid-cap and small-cap indices were little changed. Nifty Oil & Gas and Realty indices were the top gainers among the sectoral indices, up 1.3% and 0.6% respectively while Metal index was the top loser, down 0.8%, followed by 0.3% lower Private Bank and Financial Services indices.

 

FIIs net sold stocks and index futures worth Rs 2599 cr and 928 cr respectively but net bought stock futures worth Rs 1881 cr. DIIs were net buyers to the tune of Rs 2668 cr.

 

Rupee depreciated 13 paise to end at 83.16/$.

 

OUTLOOK

 

Today morning, Hang Seng and Nikkei are up 1.7% and 1.2% respectively while Shanghai is up 0.2%. GIFT Nifty is suggesting around 170 points gap-up start for our market.

 

In yesterday's report we had said that 21667, the 61.8% retracement level of the 21137- 22526 upmove seen since 24th January, was the next downside levels to eye while 22050-22100 was the immediate resistance zone.

 

Nifty, after touching a low of 21710, rebounded to end at 21839. The benchmark is set to open near 22000 today.

 

34-DMA, placed around 22070, is the immediate hurdle for Nifty; 21667, the 61.8% retracement level of the 21137- 22526 upmove seen since 24th January, is the immediate support.

 

For Banknifty, 46800-46900 is the immediate resistance zone upon crossover of which, 47270 and 47662, the 61.8% and 78.6% retracement levels of recent 48161-45828 fall, would be next upside levels to eye; 45661, the bottom made on 29th Feb., is the immediate support.

Investment in securities market is subject to market risk.

Please check https://www.prudentbroking.com/Disclaimert.aspx for detailed disclaimer. 

21667 IS NEXT SUPPORT; 22050-22100 IMMEDIATE RESISTANCE ZONE

 

21667 IS NEXT SUPPORT; 22050-22100 IMMEDIATE RESISTANCE ZONE

 

WORLD MARKETS

 

U.S. indices gained 0.4%-0.8% as the Federal Reserve kicked off its two-day policy meeting.

 

While Fed is expected to keep rates unchanged today, a recent slate of worrying inflation reports has investors concerned that it could signal interest rates will remain higher for longer than expected.

 

U.S. single-family homebuilding rebounded sharply in February, the Commerce Department reported. Ho

 

U.S. 10-year treasury yield fell 3 bps to 4.293%. Dollar index rose 0.2% to 103.82. Gold fell 0.1% to $2157 per ounce. The yen tumbled to a four-month low against the dollar after the Bank of Japan’s momentous, widely anticipated decision to end its negative interest rate policy,

 

WTI crude rose 1.3% to $83.75 a barrel, its highest since October. Brent crude rose 0.8% to $87.57 a barrel, the highest since Nov. 3.

 

European markets gained 0.2%-1%.

 

AT HOME

 

Benchmark indices nosedived 1% each to close at the lowest level after mid-February. Sensex settled at 72012, down 736 points while Nifty lost 238 points to finish at 21817. Nifty mid-cap and small-cap indices tumbled 1.2% each, with the former closing at the lowest level after 28th December 2023. All the NSE sectoral indices ended in the red, with IT and Media indices being the top losers, down 2.9% and 2.4% respectively.

 

FIIs net bought stocks and stock futures worth Rs 1421 cr and 1218 cr respectively but net sold index futures worth Rs 2143 cr.

 

Rupee depreciated 13 paise to end at 83.04/$.

 

OUTLOOK

 

Today morning, Nikkei and Shanghai are up 0.7% and 0.2% respectively while Hang Seng is flat. GIFT Nifty is suggesting around 30 points higher start for our market.

 

In yesterday's report we had said that 21900 was the immediate support for Nifty, upon breach of which, 21831, followed by 21667, which are the 50% and 61.8% retracement levels of the 21137- 22526 upmove seen since 24th January, would be next downside levels to eye.

 

Nifty broke 21900 and plunged all the way to 21793 before closing at 21817.

 

21667, the 61.8% retracement level of the 21137- 22526 upmove seen since 24th January, is the next downside levels to eye; 22050-22100 is the immediate resistance zone, with the stop-loss of which, trading shorts can be held on to.

 

For Banknifty, 46000, the is immediate support, upon breach of which 45661, the bottom made on 29th Feb., would be next downside level to eye. On the way up, 47000 is the immediate hurdle on the hourly chart.

Investment in securities market is subject to market risk.

Please check https://www.prudentbroking.com/Disclaimert.aspx for detailed disclaimer. 

21831 BELOW 21900; 22250-22300 IS THE IMMEDIATE RESISTANCE ZONE

 

21831 BELOW 21900; 22250-22300 IS THE IMMEDIATE RESISTANCE ZONE

 

WORLD MARKETS

 

U.S. indices gained 0.2%-0.8%.

 

U.S. 10-year treasury yield rose 1 bps to 4.324%. Dollar index inched up 0.1% to 103.58. Gold rose 0.2% to $2160 per ounce.

 

Oil prices climbed to a four-month high on on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the U.S. Brent futures rose 1.8% to settle at $86.89 a barrel, while WTI crude rose 2.1%, to settle at $82.72.

 

European markets ended flat to modestly lower.

 

AT HOME

 

After falling half a percent in the morning, benchmark indices recouped all the losses and some more to end marginally higher. Sensex settled at 72748, up 105 points while Nifty added 32 points to finish at 22055. Nifty Mid-cap and small-cap indices however fell 0.4% and 0.6% respectively. Nifty Metal and Auto indices climbed 2.5% and 1.3% respectively, becoming top gainers among the sectoral indices while IT index tumbled 1.6%, becoming top loser, followed by half a percent lower FMCG index.

 

FIIs net sold stocks, index futures and stock futures worth Rs 2051 cr, 179 cr and 606 cr respectively. DIIs were net buyers to the tune of Rs 2261 cr.

 

Rupee depreciated 3 paise to end at 82.91/$.

 

OUTLOOK

 

Today morning, Nikkei and Hang Seng are down 0.7% each while Shanghai is off 0.1%. GIFT Nifty is suggesting around 70 points lower start for our market.

 

In yesterday's report we had said that 21831, followed by 21667, which are the 50% and 61.8% retracement levels of the 21137- 22526 upmove seen since 24th January, were the next downside levels to eye while 22350 was the immediate hurdle on the hourly chart.

 

Nifty, after touching a low of 21916, rebounded to end at 22055 but is set to open below 22000 today.

 

Nifty has been taking support near 21900 level for past four sessions and that is the immediate support to eye, upon breach of which, 21831, followed by 21667, which are the 50% and 61.8% retracement levels of the 21137- 22526 upmove seen since 24th January, would be next downside levels to eye; 22250-22300 is the immediate resistance zone.

 

For Banknifty, 46000, the is immediate support, upon breach of which 45661, the bottom made on 29th Feb., would be next downside level to eye. On the way up, 47000 is the immediate hurdle on the hourly chart.

Investment in securities market is subject to market risk.

Please check https://www.prudentbroking.com/Disclaimert.aspx for detailed disclaimer. 

21831, 21667 ARE SUPPORTS; 22350 IS IMMEDIATE HURDLE

 

21831, 21667 ARE SUPPORTS; 22350 IS IMMEDIATE HURDLE

 

WORLD MARKETS

 

U.S. indices fell 0.5%-1% on Friday.

 

Data showed a solid U.S. manufacturing sector, with output rebounding by 0.8% last month after a downwardly revised 1.1% decline in the prior month. The University of Michigan’s preliminary reading on the overall index of consumer sentiment for March came in at 76.5, down from a final reading of 76.9 in February. The survey’s reading of one-year inflation expectations, was unchanged at 3.0% and five-year inflation outlook held steady as well at 2.9% for the fourth straight month.

 

U.S. 10-year treasury yield rose 2 bps to 4.31%. Dollar index inched up 0.1% to 103.45. Gold fell 0.3% to $2156 per ounce.

 

WTI crude futures fell 0.3% to settle at $81.04 a barrel and Brent futures eased 0.1% to $85.34 a barrel.

 

In Europe, CAC and DAX were little changed while FTSE fell 0.2%.

 

For the week, Dow was little changed while S & P 500 and Nasdaq fell 0.1% and 0.7% respectively.

 

AT HOME

 

Benchmark indices ended lower by 0.6% each on the last day of the turbulent week. Sensex settled at 72643, down 453 points while Nifty lost 123 points to finish at 22023. Nifty mid-cap index fell half a percent while small-cap index rose 0.4%, extending yesterday's big upmove. Except marginally higher Metal and FMCG indices, all the NSE sectoral indices ended lower, with Oil & Gas and Auto indices being the top losers, down 2% and 1.6% respectively.

 

FIIs net bought stocks worth Rs 849 cr but net sold index futures and stock futures worth Rs 633 cr and 1921 cr respectively. DIIs were net sellers to the tune of Rs 682 cr.

 

Rupee depreciated 6 paise to end at 82.88/$.

 

For the week, Sensex and Nifty fell 2% and 2.1% respectively, snapping 4-week winning streak and posting worst weekly cut since 27th October 2023. Nifty mid-cap index tumbled 4.6%, extending the losing streak to third consecutive week and posting worst week since 23rd December 2022. Small-cap index nosedived 5.5%, extending the losing streak to sixth straight week and had it's worst week since 23rd December 2022.

 

OUTLOOK

 

Today morning, Nikkei is up more than 2% while Shanghai and Hang Seng are up 0.5% and 0.1% respectively. GIFT Nifty is suggesting around 70 points lower start for our market.

 

In Friday's report we had said that 21860, the bottoms made on 29th February, continued to be next downside level to eye while 22350 continued to be immediate hurdle.

 

Nifty, after touching a low of 21931, closed at 22023.

 

21831, followed by 21667, which are the 50% and 61.8% retracement levels of the 21137- 22526 upmove seen since 24th January, are the next downside levels to eye. 22350 is the immediate hurdle on the hourly chart.

 

For Banknifty, 46200, the 78.6% retracement level of the upmove since 29th February, is the immediate support, upon breach of which 45661, the bottom made on 29th Feb., would be next downside level to eye. On the way up, 47225 is the immediate hurdle on the hourly chart.

Investment in securities market is subject to market risk.

Please check https://www.prudentbroking.com/Disclaimert.aspx for detailed disclaimer. 

21860 CONTINUES TO BE IMMEDIATE SUPPORT; 22350 IMMEDIATE HURDLE

 

21860 CONTINUES TO BE IMMEDIATE SUPPORT; 22350 IMMEDIATE HURDLE

 

WORLD MARKETS

 

U.S. indices fell 0.3%-0.4% after the release of hotter-than-expected U.S. inflation data sent Treasury yields higher.

 

February’s producer price index advanced 0.6% last month. Core PPI rose 0.3%. Expected figures were 0.3% and a 0.2% respectively. Weekly jobless claims fell 1,000 to a seasonally-adjusted 209,000 as against forecast of 218,000 claims. Retail sales rose 0.6% last month, lower than the expected 0.8% rise. The numbers for January were revised lower to show sales tumbling 1.1% instead of 0.8% as previously reported.

 

U.S. 10-year treasury yield rose 10 bps to 4.29%. Dollar index jumped 0.6% to 103.36. Gold fell 0.6% to $2162 per ounce.

 

Oil prices rose to four-month highs as the International Energy Agency predicted a tighter market in 2024 and raised its view on oil demand growth this year. Brent futures climbed 1.7% to settle at $85.42 a barrel and WTI futures rose 1.9% to end at $81.26.

 

In Europe, CAC rose 0.3% while FTSE and DAX fell 0.4% and 0.1% respectively.

 

AT HOME

 

Sensex and Nifty gained 0.5% and 0.7% respectively, recouping nearly half of yesterday's steep losses. Sensex settled at 73097, up 335 points while Nifty finished at 22151, up 153 points. Nifty mid-cap and small-cap indices climbed 2% and 3.4% respectively, recovering 45% and 64% of yesterday's cuts respectively. Nifty Oil & Gas index was the top gainer among the sectoral indices, up 2.3%, followed by 2% higher Metal, IT and Media indices. Nifty Bank and Financial Services indices were the top losers, down 0.4% and 0.2% respectively.

 

FIIs net sold stocks and index futures worth Rs 1356 cr and 711 cr respectively but net bought stock futures worth Rs 2138 cr. DIIs were net buyers to the tune of Rs 139 cr.

 

Rupee appreciated 4 paise to end at 82.82/$.

 

OUTLOOK

 

Today morning, Hang Seng is down 1.4% while Shanghai and Nikkei are off 0.2% each. GIFT Nifty is suggesting nearly 100 points gap-down start for our market.

 

In yesterday's report we had said that 21860, the bottoms made on 29th February, was the next downside level to eye while 22350 was the immediate hurdle on the hourly chart.

 

Nifty, after touching a low of 21917, rebounded to end at 22151. The benchmark is set to open near 22050 today.

 

21860, the bottoms made on 29th February, continues to be next downside level to eye; 22350 continues to be immediate hurdle.

 

For Banknifty, 46500, around which 34-DMA is placed, is the immediate support to eye; 47500 is immediate hurdle.

Investment in securities market is subject to market risk.

Please check https://www.prudentbroking.com/Disclaimert.aspx for detailed disclaimer.