stabilizing after sliding to a one weeklow overnight USDollar IndexFutures also inched down 0.1%
Oilprices fellto their lowestLevels in about twomonths on hopesof a deescalation in tensions and a reopening of energy supplyroutes
The Indianrupee led regional gainswith the USD/INR
Asian currencies traded mixed on Friday while theUS dollar edged lower as investors weighed renewed US Iran peace agreement hopes while persistent inflation concerns complicated the outlook for Federal Reserve policy
The USDollar Indexticked 0.1% lower in Asiantrading stabilizing
Iran war was close and may be even signed over the weekend His comments sparked strong gains inrisk-driven assets with techshares in the lead
SouthKorea KOSPI was the best performer inAsia surging over 8% onstrong gains inheavyweight chipmaking stocks Japan Nikkei 225 also jumped
Asian stocks rose sharply on Friday after U.S President Donald Trump touted a peace agreement with Iran while major technology and chipmaking stocks rebounded sharply from recent losses
Regional markets tracked an overnight rally on Wall Street after Trump said a deal to end the
NIFTY FUTURES
Nifty pulled back from its morning high of 23412 and found support in the 23327 range between the 0.5 and 0.618 Fibonacci retracement levels.
Since then, it has been rising non-stop gaining over 100 points.
Lebanon capital city Beirut would no longer take place and that talks with Iran were continuing
Brent crude futures expiring in August the global oil benchmark rose 4.4% to $95.16 while U.S West Texas Intermediate crude futures expiring in July advanced 5.6% to $92.30 a barrel
Oil prices rose sharply on Monday, bouncing back after posting steep losses for May, as Iran reportedly suspended negotiations with the U.S. after renewed strikes between the warring parties
President Trump calmed tensions somewhat by saying an intended Israeli attack in
# KEC International :
Multiple Inside bar Breakout on daily time frame
Stock is reversing from strong daily support level
Stock trading above RSI 40's
Company has been maintaining a healthy dividend payout of 26.5%
EPS : 22.75
ROE : 11.3 % ROCE : 14.5 %
.
DIXON TECH
Inside bar Breakout on daily time frame
Stock trading above 50 EMA
trading above RSI 60
Volume over 2 x 20 day average trading volume
EPS : 232.61
Company profit growth of 55.2% CAGR over last 5 years
Company has a good return on equity track record 3 Years ROE 33.6%