SUMANSPEAKS  |  ESTD 2006  |  CAPITAL MARKETS INTELLIGENCE JUNE 2025  |  MACROECONOMICS & GLOBAL FINANCE SumanSpeaks Independent Capital Markets Intelligence  ·  Estd 2006 sumanspeaks.blogspot.com Macro Currents  |  Currency Architecture  |  Geopolitical Finance The Multipolar Currency Dream Meets Economic Reality Why the rupee's march to global trade currency status will be measured in decades, not headlines Much has been written about the emergence of a multipolar currency system and the gradual erosion of US dollar dominance. The narrative is undeniably seductive: greater monetary sovereignty, reduced exposure to American sanctions architecture, and a s...
Tit - bits
Yesterday Nifty 50 closed below the 200-day
exponential moving average (which was placed at 11,826) declining 119.40 points or 1.01% to 11,678.50, forming yet another bearish candle on daily charts.
However, today Nifty is likely to give a bounce, from 11600 levels, which can be used to build long positions for targets of 11900/12000. I feel the new F&O trading should start with a positive note. Therefore, buy good mid and small cap counters for 3/4 months perspective. 

#You can buy the shares of Ashoka Buildcon Ltd (Rs.92.90) near that Rs.89/90 during intraday dips for short term targets of Rs.102/105. Prabhudas Lilladher is bullish on Ashoka Buildcon has recommended buy rating on the stock with a target price of Rs 167 in its research report dated February 11, 2020.


#Buy the shares of JHS Svendgaard Ltd (Rs.12.75) during intraday dips near Rs. 12/13, for short term targets of Rs.16/17. JHS, which has a manufacturing facility at tax-free zone in Himachal Pradesh, makes toothpaste, toothbrush, and mouthwash for almost all leading brands including Colgate, Dabur, Patanjali, Emami and Apollo. This is a play in the Indian consumption story.

#Buy the shares of Jindal Steel and Power Ltd (Rs.170.15) at around Rs.168/169, for short term targets of Rs.182/191. SL: Rs.165.
The fall in the metal stocks during the last few days was in line with the broad-based bearish trend in the market following reports of hundreds of new cases of Covid-19 infections that were reported over the weekend. China continues to fight the coronavirus outbreak that has killed more than 2000 people and disrupted factories and businesses in the world's second-largest economy. However,  I feel the correction has been done away with and it is time to accumulate the scrip near the support levels.

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