the futures broke out of the crucial level of ₹4000.The bull trend stood intact, and consequently, the January futures contract of soybean marked a high of ₹4,571 in mid-November. Between April and September this year, the price of futures contract of soybean on the National Commodity and Derivatives Exchange (NCDEX) was largely held within ₹3,700 and ₹4,000. Considering the above factors, traders can initiate fresh long positions in NCDEX-Soybean with stop-loss at ₹4,500 and look for a target of ₹4,775.
This means, the rupee has lost about 2.4 per cent against the dollar in 2020.Today, the Indian currency has opened at 73.09. less The rupee (INR) opened with a gap-up on Thursday at 73.15 versus preceding close of 73.30 against the dollar (USD).
Emkay GlobalJindal Stainless (Buy)Target: ₹95CMP: ₹75.75Jindal Stainless (JSL) announced merger with Jindal Stainless (Hisar) Ltd (JSHL) to join the league of top 10 stainless steel companies globally.
The company on Thursday disclosed that some of IndiGo’s servers were hacked earlier this month.Most Asian markets and the US market is closed for the newyear holiday.0