Speaker Profile - Sandesh Nandode


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Sandesh Nandode: Research Analyst Disclosure/Disclaimer

Disclosure/Disclaimer : Sandesh Nandode is an independent research analyst, the research work would be conducted in Equity, commodity and currency segments.  Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions. The views expressed therein are based solely on information available publicly/internal data/other reliable sources believed to be true. The information is provided merely as a complementary service and do not constitute an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of any transactions or contract of any kind. Research data and reports published/ emailed/ text messages via Short Messaging Services, Online Messengers, WhatsAppetc/transmitted through mobile application/s, including but not limited to FLIP™, Video ...
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Gold Slips as Dollar Gains

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Gold on slips more than 1.50% and break 4 weeks low on Wednesday mainly due to increased uncertainty about rising COVID-19 cases in Europe and U.S. presidential elections to be held on 3 November 2020. Spot Gold has fallen by 1.75% to $1870.80 per ounce. There are still so much concern and uncertainty related to COVID-19 and the possibilities of renewed lockdowns in Europe has send a panic wave across the markets. In response to this Dollar is gaining attention and stock markets along with Gold are looking under pressure. On downside gold spot has support at $1848 level, if this level is broken the we may see panic selling up to $1805 levels. On the contrary safe-haven dollar surge by almost 0.8% whereas all major stock market indices are down by more than 1.50%. Gold is considered a hedge against inflation and currency debasement and has appreciated by more than 23% in this year and made a life time high of $2074.88 per ounce. Sandesh Nandode, Forex and Crypto Analyst. Publ...
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Mahindra & Mahindra Quarterly Outlook

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Mahindra & Mahindra, from its recent fall till 245.40 has gain whopping 109% upside and trading at 514 today (23.06.2020; 01:00 PM IST).  This upward movement is mainly drive by tractor segment and company's strong operational performance in the January-March quarter (Q4FY20).  The company reported standalone net sales for the quarter were at Rs. 9,144 crore. As per the company management "The overall service and manufacturing sectors are likely to see a slower recovery, the agriculture and farm equipment sector will be less impacted" On charts M&M looking bullish and the share price can move up to 580 - 600 levels soon. Level of 590 would act as first resistance; once crossed the next resistance level would be at 653.  On downside 460 will work as an immediate support. Recently M&M announced that they will develop four new platforms for tractors along with Mitsubishi.  This will further push the sales of tractors in rural market as monsoon has already a...
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