Digitalization of DD and AIR gets government nod

doordarshanThe Government of India has approved the digitalization program of Doordarshan (DD) and All India Radio (AIR).

The two state-owned broadcasters will get an amount of around Rs. 1,500 crore from the government to go ahead with the process. Private operators have become a challenge for the duo now.

In order to compete with these private companies, the Cabinet Committee on Infrastructure (CCI) has approved the proposal of the Ministry of Broadcasting regarding for digitization.

India to launch satellite with its own cryogenic engine

India to launch satellite with its own cryogenic engineIndia is soon going to unveil a satellite which will have its own cryogenic engine. The information was given by Indian scientists, who have developed the cryogenic engine.

This is for the first time that such an engine is going to be used in an advanced communication satellite. The new engine is being incorporated into the upper-stage of India's Geostationary Satellite Launch Vehicle (GSLV).

The officials also said that only five countries in the world had such a technology earlier. Now India has also joined the league.

Commodity Outlook for Soya Oil by KediaCommodity

Soya OilRef Soyaoil prices ended down on poor buying support against increased selling. Ref Soyaoil yesterday traded with the negative node and settled -0.66% down at 446.2. In yesterday's trading session Ref Soyaoil has touched the low of 445.7 after opening at 449.5, and finally settled at 446.2. For today's session market is looking to take support at 444.6, a break below could see a test of 443 and where as resistance is now likely to be seen at 448.9, a move above could see prices testing 451.6.

Trading Ideas:

Ref soyaoil trading range is 443.2-451.8.

Ref Soyaoil prices ended down on poor buying support against increased selling

Commodity Outlook for Aluminium by KediaCommodity

AluminiumAluminium output in the fourth quarter rose 19 percent to a record

Commodity Outlook for Natural Gas by KediaCommodity

Natural GasNatural gas tumbled after government data showed an unusually large build in U.S. gas inventories. The U.S Energy Information Administration reported a build in U.S inventories of 31 billion cubic feet for the week ended April 2. Natural Gas yesterday we have seen that market has moved -3.7%. Market has opened at 181.1 & made a low of 172.2 versus the day high of 183.2. The total volume for the day was at 50834 lots and the open interest was at 16468.Now support for the Natural Gas is seen at 170.1 and below could see a test of 165.7. Resistance is now likely to be seen at 181.1, a move above could see prices testing 187.7.

Trading Ideas:

Commodity Outlook for Jeera by KediaCommodity

JeeraJeera ended lower as fresh arrivals, slack overseas demand and hopes of higher output hurt sentiment. At Unjha, the spot benchmark market in Gujarat, jeera dropped 35 rupees to end at 12,063 rupees per 100 kg. India's jeera exports fell 17 percent to 2,500 tonnes in February from the same month a year ago. April contract dropped Rs 123 and settled at Rs 11425 a kg. The contract made intraday low of Rs 11415 a kg and high of Rs 11550 a kg. Support for jeera is at 11377 below that could see a test of 11328. Resistance is now seen at 11512 above that could see a resistance of 11598.

Trading Ideas:

Jeera trading range is 11328-11598.


News in Focus

Real Money Gaming Industry Is On The Rise

The art of gaming is one fun, thrilling, and exhilarating experience that never disappoints those who have had it before.

100 New Airports Will Boost Tourism and Hospitality Sector in India

Indian government has announced many ambitious projects over the last five years.

PE Inflows in Indian Retail Touch 5-Year High in 2019: ANAROCK Report

Despite tepid consumer spends, the total PE inflows into Indian retail hit a new high in 2019 among all five years between 2015 to 2019.

Titan Company Buy Call by Mitesh Thakkar and Ashwani Gujral Suggests Buy Call for SBI: Short Term Market Trades

Ashwani Gujral has given Buy call for State Bank of India with target price of Rs 345 and stop loss of Rs 330 for short term traders.

Indian Market Closes Strong on Tuesday: Review by TradingBells

Indian market closed strong on Tuesday after two days of correction. Stock markets have ignored BJP's loss in the New Delhi elections. Markets had already factored in the results from exit polls.

Delhi Election Impact on Stock Markets

Indian Stock markets are particularly sensitive to elections and elections in New Delhi present a challenge to Narendra Modi-led BJP.

Buy Biocon, says Mitesh Thakkar while Ashwani Gujral recommends United Spirits

United Spirits has been recommended as a buy at current levels by Ashwani Gujral. Other stock on Gujral’s buy list is Ashok Leyland with stop loss of Rs 80 and target price of Rs 89.