Category: Personal Finance

Positive on the auto sector

To begin with, the brokerage has said that the faster rollout of vaccinations will augur well for economic recovery. “As far as demand is concerned, we expect pent-up demand will continue to drive growth for the automobile sector from Q2FY2022. However, semi-conductor shortage remains a key concern in the near term. Automobile companies expect semi-conductor supply issues to gradually improve from H2FY2022. OEMs and auto ancillary companies dependent on exports will be better positioned to drive volumes during the current scenario. We remain positive on the automobile sector and expect a strong rebound in FY2022E,” the brokerage has said.

9 stocks that the brokerage likes

In the OEM space, Sharekhan prefers rural-centric companies with a strong balance sheet.

1. HeroMoto Corp from 2 wheeler space

“In the 2W space, we prefer Hero MotoCorp because of positive sentiments in rural and semi-urban areas,” the brokerage has said.

2. Maruti Suzuki from passenger vehicle space

In the passenger vehicle space, Sharekhan likes Maruti Suzuki and expect it to maintain its dominant market share and robust export growth.

3. M&M in the tractor space

“In the tractor segment, we like M&M, given its leadership position in the tractor segment and its continued strong performance in other segments such as LCV and Uvs,” the brokerage has said,

4. Bosch, Sundram Fasteners, Suprajit Engineering, Ramkrishna Forgings, Apollo and Gabriel India

In the auto-ancillary space, Sharekhan likes Bosch (due to its extensive network and brand equity), Sundram Fasteners (beneficiary of strong growth traction in CV, PV, 2Ws, and tractor and its strategy to de-risk business from cyclicality), Suprajit Engineering (on account of increased share of business with existing clients and new client additions), Ramkrishna Forgings (beneficiary of CV upcycle in India, North America, and Europe), Gabriel India (due to its leadership position and brand recall in the suspension components segment and focus on the e-mobility space), Greaves Cotton (beneficiary of e-2W adoption and focus on nonautomotive segment), and Apollo Tyres (strong brand recall in India and Europe and focus on profitable growth).

The brokerage sees supply constraints of semi-conductors remains the key risk in the near term. Any significant delay in recovery from COVID-19 infection or vaccination rollout could slow down demand, it has said.

Disclaimer

The above stocks are based on the report of Sharekhan. Investing in stocks is risky and investors should do their own research. The author, the brokerage firms or Greynium Information Technologies are not responsible for any losses incurred due to a decision based on the above article. Investors should hence exercise due caution as are at record peaks. Please consult a professional advisor.

In this review, we will tell you how to become a Binomist and take your first steps in online trading. In addition, you will know about the importance of learning on the Binomo trading platform, practicing on a demo account, and the convenience of a mobile app for trading on the go.

Binomo is the perfect online trading platform for enthusiasts, those who trade wisely using various strategies and market analysis. They are a community of Binomists who refrain from making guesses and instead make forecasts based on market analysis.
In this review, we’ll discuss Binomo, including all about deposits, withdrawals, tutorials, contests, and a lot more.

Why Binomo?

What’s Binomo and why do traders choose it? It’s an online trading platform that allows traders to get extra profit.
It has many benefits that attract users, and the question being asked by beginners is “How to play Binomo”, but it’s not a game. So what is it and how does it work then? It’s a platform that requires analysis, education, and experience; along with that, it provides all the necessary tools for training and learning. If you understand the importance of learning, you are on your way to becoming a Binomist.

Is Binomo legal in India?

Some new traders may have doubts whether Binomo is real and legit or fake and fraud. It’s not a scam but a really safe and regulated platform with a certificate by the International Finance Commission (IFC) – proof of Binomo authenticity. It gained a lot of positive reviews on forums for traders and brokers on the net or on platforms like Quora. For more information like office address, contact details, etc. of the company, check their website.

How to start trading on Binomo?

Before making a deposit on Binomo, learn the basics. So you’ll understand how the platform works and how to trade.

Registration, and log in

Head to the Binomo website or app and open the login page. Then enter the email address and password to sign up. Select the currency, read and accept the Client Agreement. Click on “Create an account”, and your registration is complete. Sign in to start trading.
Note! According to the company’s policy and regulations, you cannot change the account currency after registration.

Tutorials and trading tips

Some individuals ask how to make money on Binomo. Here you can get extra income, it’s not a way for getting a fast profit. Practice on the demo account, apply trading strategies and develop your style in trading. (There are no “winning” strategies and they don’t guarantee a 100% result.)
So you’ll get empowerment for real trades. There are tips and tutorials on www.binomo.com and educational features like Glossary of terms, tournaments, Help Center with FAQs (it serves like Wikipedia for traders). You can learn in Hindi or English by changing the language settings.

First deposit

The minimum deposit in India is $5. Payment methods include such options as NetBanking, UPI, PayTm, etc. (PayPal is not available).
There are no-deposit and deposit bonuses. The no-deposit bonuses depend on the promotion (f.e. a code or coupon giving 100% to deposit). Users can activate a 25% bonus after creating a free account. Go through Binomo terms and conditions to learn more.

How do you open and close the first trade?

Binomo uses fixed time trades (FTT). To open a trade:
1. Make an investment of $5 or more;
2. Choose an asset;
3. Select trade amount and time;
4. Make a forecast, whether the price will go UP or DOWN.
5. When the trade is closed, you get extra profit if the forecast is correct.
Note! Don’t use signals as they can misguide you.

Track trades wherever you go

You can invest and trade via the web browser on PC or log in via a mobile trading app. Find the Binomo logo and download the app from Google Play/AppStore.
Android users facing issues with downloading the app, don’t need to hack. Get the free apk file: https://binomo.com/en/promo/android.
You can’t have any software app on a PC desktop (Windows/Mac) as the app works only on tablets and smartphones. For questions, access the chatbot on the app for iOS and Android.

Don’t forget about verification

Sometimes a company may request verification of the account holder. Now the automatic service is available on Binomo and it takes a few minutes (vs. IQ Option).

Withdraw funds from Binomo without fees

How to withdraw money from Binomo? You can withdraw cash with the payment methods you used to deposit. The minimum amount is $10; there are also withdrawal limits.

H2 – Result

Binomo offers an opportunity to earn extra profit and helps you learn how to use the tools through tutorials. Besides, there is a BinPartner affiliate program if you want to benefit not only as a trader. By using the tools wisely, constantly learning, and developing your skills you’ll become a Binomist.
However, ensure you are clear about the risks involved in online trading before you join the platform.