NIFTY OUTLOOK- 02 JULY 2012-

NIFTY OUTLOOK- 02 JULY 2012- Indian market closes off in highly positive territory as Market got supported by the Currency i.e. Rupee appreciation .Further It was unable to cross its major resistance at 5320 . Support- 5265 & 5180 Resistance- 5320 & 538...

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Sensex at 2-month high

Sensex at 2-month high; European mkts strong on EU summit...

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The 30-share BSE Sensex gained 23 points

The 30-share BSE Sensex gained 23 points or 0.14% to close at 16,991, while the 50-stock Nifty index advanced 7 points to 5,149 Thursday. Markets closed with modest gains for the third straight day. The rupee also traded higher against the dollar. Trade was choppy on account of the derivatives expiry, with the volatility rising marginally. However, the benchmarks refused to move out of the narrow range, which has characterized trade over the last few days. Banking stocks came under some selling pressure today after global banking major...

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Sensex, Nifty end flat

Sensex, Nifty end flat : The 50-share NSE Nifty remained in a consolidation phase for the second consecutive session on Wednesday, especially ahead of F&O expiry tomorrow. European markets too were marginally higher amid volatility as investors seem cautious ahead of major event - European Union summit scheduled for June 28-29 in Brussels. Metals and mining stocks extended gains in late trade session; Tata Steel shot up 2.5%. Coal India, Sterlite Industries and Hindalco Industries climbed 1-1.8%. Sensex is up 61 points and the Nifty...

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TECHNICAL OVERVIEW :- MCX GOLD AUGUST BULLISH

TECHNICAL OVERVIEW :- MCX GOLD AUGUST BULLISH Resistance 1 – 30455 Resistance 2 – 32100 Support 1 – 28940 Support 2 – 27650 Strategy – Buy on dips MCX SILVER JULY CONSOLIDATE Resistance 1 – 54100 Resistance 2 – 56400 Support 1 – 52441 Support 2 – 50990 Strategy – Buy on dips MCX CRUDE OIL JUNE BEARISH Resistance 1 – 4740 Resistance 2 – 4980 Support 1 – 4510 Support 2 – 4290 Strategy – Sell on higher levels MCX COPPER JUNE CONSOLIDATE Resistance 1 – 427 Resistance 2 – 451 Support 1 – 396 Support 2 – 351 Strategy – Sell on...

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A quiet start for the stock markets

A quiet start for the stock markets today with the Sensex and Nifty opening flat despite weak global cues. Sensex is up 24.42 points and the Nifty is holding on to the 5,100 mark, as investors digest a spate of negative news flow from the overseas markets amid disappointment over the government’s measures announced on Monday to boost the Rupee. It was completely a range bound session for the BSE Sensex and NSE Nifty on Tuesday as the market took its time to digest lower than expected measures announced by RBI yesterday to curb rupee's slide...

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Copper prices are expected

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 409 with a stop loss below 405. Fresh buying could witness above 415...

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SBI, L&T, Infosys lead

Sensex rises 100 pts; ICICI Bank, SBI, L&T, Infosys lea...

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Commodity of the week- Crude Oil

Commodity of the week- Crude Oil For this week we have picked commodity of week is crude oil. For the next week crude oil could be bearish.as we saw last week, crude oil was not sustaining at higher levels and reverse from level of 4760.So for the coming week in crude oil one should go for sell on higher levels strategy. If it sustains below the level of 4525 then below the level of 4485 it could reach around the level of 4450...

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Euro zone discuss capital controls

Euro zone discuss capital controls if Greece exits euro...

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Bank shares gain on hopes

Bank shares gain on hopes for CRR cut - Banking shares reverse earlier losses on rising hopes of twin cuts in the repo rate and the cash reserve ratio at the RBI meeting on June 18. Data showing industrial output grew a weaker-than-expected 0.1 percent in April from a year earlier, adds to the case of more aggressive action from the RBI, traders say. Inflation data on Thursday will be key: a Reuters poll shows WPI likely accelerated 7.60 percent in May from a year ago, the fastest pace this year...

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Brent slips below $98

Brent slips below $98, Europe debt fears weig...

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Industry output

Industry output grows at 0.1% in Apri...

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Nickel prices as expected

Nickel prices as expected tested the 960 mark one can buy on dips around 955 -950 with a stop loss below 938 for the target at 980 -985...

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Copper prices are expected

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 408 with a stop loss below 404. Fresh buying could witness above 415...

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Gold prices can further inch up till 29880

Gold prices can further inch up till 29880 -29930 whereby we expect selling pressure to continue, one can maintain a stop loss above 30080...

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Silver prices are expected to trade

Silver prices are expected to trade within the broader range from 55250 to 53500 one could trade within the range. Oscillators too suggest a flat to positive move...

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Gold in bear territory

Gold in bear territory, upside capped at $170...

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कमोडिटी एक्सचेंज एनसीडीईएक्स

कमोडिटी एक्सचेंज एनसीडीईएक्स ने सोयाबीन और सरसों पर लगी स्पेशल कैश मार्जिन घटा दी है। एफएमसी के निर्देश के तहत एनसीडीईएक्स ने सोयाबीन पर खरीद के सौदों पर 10 फीसदी की स्पेशल कैश मार्जिन घटा कर 5 फीसदी कर दिया है। साथ ही सरसों पर भी ये मार्जिन 10 फीसदी से घटाकर 5 फीसदी कर दी गई है। नई कैश मार्जिन 8 तारीख से लागू होगी। जल्द ही एफएमसी चने में भी मार्जिन घटा सकता है। एग्री कमोडिटीज में सट्टेबाजी और जरूरत से ज्यादा तेजी रोकने के लिए एफएमसी ने स्पेशल कैश मार्जिन लगाई थी। ...

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Jeera Update

Jeera Update- A drop in domestic supplies at the end of the peak arrival season and some buying at lower levels supported an upside in Jeera. Daily arrivals at Unjha, a major market in the western state of Gujarat, have dropped to around 7,000-8,000 bags of 60 kg each from 8,000-10,000 bags in the previous week...

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Oilseeds and soy oil futures rose

Oilseeds and soy oil futures rose more than 1 percent on Wednesday taking cues from higher overseas prices and tight domestic supplies. Soybean stocks have dropped because of aggressive crushing by millers earlier this year to feed robust export demand for meal. With an estimated drop in rapeseed output, India, which is a big importer of vegetable oils, will be more vulnerable to world prices. At Sri Ganganagar in Rajasthan, rapeseed climbed 61 rupees to 3,631 per 100 kg. Outlook for Soybean is up for the day. CPO is expected to trade up for...

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