Daily Equity Report and NEWS 17-Oct

on

Indian Face

1. INDIAN EQUITY BENCHMARK rebounded in late trades on Friday to end at their highest levels in eight weeks, amid firm global cues, led by engineering major L&T and renewed buying interest in financials. In the broader market, BSE MidCap index gained 0.4% while SmallCap ended flat with positive bias.

2. Nestle India rose 5.59% after the company said that tests in three separate laboratories conclude that Maggi Noodles are safe for consumption.

3. Radico Khaitan surged 5.55%, after the company said Reliance Mutual Fund bought an additional stake in the company through open market

GLOBAL FACE

1. Asian shares rose after upbeat U.S. price and jobless claims data eased recent concerns over the U.S. economy, but trading activity was subdued as investors looked ahead to more catalysts.

2. European shares extended the previous session’s rally on Friday, tracking strong gains on Wall Street and in Asia, as some U.S. data releases eased concerns about the pace of recovery in the world’s biggest economy.

3. U.S. stock index futures poised for a lower opening at the Wall Street on Friday.

2 comments
Labels: , , , , , ,

COMMODITY MARKET TIPS 01-OCT-15

on

We are Provide Research Calls On All Segments Of Share Market Like Commodity Market Tips, base metal, equity market, future & options, Mcx intraday tips, intraday trading calls as well as forex market.

GOLD NEWS

gold
Gold steadied after a three-day losing streak but was headed for its worst quarter in a year on a looming U.S. rate hike. The metal’s 15 percent loss this quarter is its fifth straight quarterly drop and its worst three-month period since the third quarter of 2008. It is down 9 percent for the month, its biggest monthly drop since May 2012. Gold has been hurt by expectations that the Federal Reserve would raise U.S. rates this year for the first time in nearly a decade, a move that could dent demand for non-interest-paying bullion. Traders will be eyeing a speech by Fed Chair Janet Yellen later on Wednesday.

BASE METAL

copper
Base metals market was overshadowed by sluggish Chinese and European economy, possible rate hike in the US, falling copper demand in China and selloffs in Glencore’s shares earlier. China’s support for infrastructure projects will cheer market up. Today is the last trading day before the week-log Chinese holiday, so caution will dominate. LME copper should move between USD 4,950-5,010/mt on Wednesday. SHFE 1512 copper should rise to RMB 37,800-38,300/mt on exit of shorts before the holiday. In China’s spot market, trading activity will quiet down, and spot discounts of RMB 0-30/mt

ENERGY NEWS

energy

Crude oil futures fell in Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst expectations. The American Petroleum Institute said late on Tuesday that U.S. crude oil stockpiles rose by 4.6 million barrels to 457.8 million barrels in the week to Sept. 25. Analysts polled by Reuters had expected an increase of only 102,000 barrels. U.S. crude oil production should continue on its decline with falling rig counts,” Ang said. Wednesday’s session may have added volatility due to the close of September and third-quarter trading, according to some analysts.

BULLION & ENERGY

CS GOLD (OCTOBER) OVERVIEW:
gold 1
TREND : BEARISH
RESIST 2: 26580
RESIST 1: 26460
SUP 1: 26050
SUP 2: 25870
STRATEGY: SELL ON RISE
0 comments
Labels: , , , , , , , , , ,

Commodity Tips For Today 25-Sep-15

on

We are Provide Research Calls On All Segments Of Share Market Like Commodity Market Tips, base metal, equity market, future & options, Mcx intraday tips, intraday trading calls as well as forex market.

GOLD NEWS

gold
Gold prices fell in Asia on Friday after Fed Chair Janet Yellen said that an interest rate hike this year is still very much on the cards. Yellen said she anticipates that it will be appropriate to raise short-term interest rates by the end of the year. In prepared remarks for a speech at the University of Massachussetts-Amherst, Yellen emphasized that most of her colleagues will likely support raising the target range for the Federal Funds Rate at some point this year. FOMC only disclosed that 13 of 17 of its members were in favor of raising rates this year. Yellen had not personally associated herself with a rate hike since July.

BASE METAL

copper
Overnight, LME copper once dipped to USD 5,013/mt but later rebounded due to softer dollar, to close up USD 21/mt at USD 5,080/mt. Safety-seeking sentiment is boosted in market. German’s auto industry is attacked and Caterpillar will lay off workers. European and US stocks all dropped. US durable goods orders are soft. US dollar index fell initially but later rallied thanks to the dovish tone of Yellen’s speech, weighing down base metals. Investors will exit market to seek safety ahead of holiday. LME copper should move between USD 5,020-5,120/mt during Asian trading hours

ENERGY NEWS

energy

Oil markets remained subdued in early trading in Asia on Friday after weak data from Japan reinforced concerns over global economic growth. Japan's core consumer prices fell 0.1 percent in August from a year earlier, government data showed on Friday, marking the first year-on-year drop since April 2013. The index includes oil products but excludes fresh food prices. HSBC cautioned not to over-focus on weak China data, arguing that fully developed economies were also slowing. Yet a global oversupply that analysts estimate at 2.5 million barrels per day remains largely in place due to high production.
0 comments
Labels: , , , , , , , ,

Commodity Tips and Tricks For Today

on

We are Provide Research Calls On All Segments Of Share Market Like Commodity Market Tips, base metal, equity market, future & options, Mcx intraday tips, intraday trading calls as well as forex market.

GOLD NEWS

gold
Bullion saw some safe-haven bids as U.S. and Asian stocks fell, dragged down by economic reports portraying U.S. factory growth as tepid and China in its worst manufacturing contraction since the global financial crisis. Spot gold XAU= was firm at $1,130.75, after gaining 0.5 percent on Wednesday. December Comex Gold futures posted a solid gain on Wednesday after trading lower earlier in the session. Traders initially sold gold after the release of China’s bearish manufacturing PMI report because of a stronger U.S. Dollar.

BASE METAL

copper
LME copper fell from highs during European and US trading hours as a result of worries about China’s demand and a slump in crude oil prices. LME lead finally ended at USD 5,059/mt, down by USD 16/mt. China’s Caixin manufacturing PMI for September recorded a 6.5-year low, triggering concerns over China’s demand and crude oil prices tumbled, weighing down base metal prices. LME copper should move in USD 5,040-5,100/mt during Asian trading hours. SHFE 1511 copper will range between RMB 38,300-39,000/mt on Sept. 24 with strong resistance emerging.

ENERGY NEWS

energy

Oil prices pared some losses on Thursday after sharp falls overnight on an unexpectedly large buildup in U.S. gasoline stocks and seasonally tepid demand. Data from the Energy Information Administration on Wednesday showed that U.S. crude oil stocks fell 1.9 million barrels in the week to Sept. 18, the second straight weekly drawdown, compared with analyst expectations for a decrease of 533,000 barrels. Asian shares got off to a cautious start on Thursday after more dour economic news in China and the United States prompted a bruising selloff the previous day.

BULLION & ENERGY

CS GOLD (OCTOBER) OVERVIEW:
gold 1
TREND : BULLISH
RESIST 2: 26850
RESIST 1: 26680
SUP 1: 26345
SUP 2: 26220
STRATEGY: BUY ON DIPS

CS SILVER (SEPTEMBER) OVERVIEW:
silver-1TREND : BULLISH
RESIST 2:36200
RESIST 1:35820
SUP1:35150
SUP2:35000
STRATEGY : BUY ON DIPS

OUR SERVICES :
0 comments
Labels: , , , , , , , ,

Commodity Tips For Today

on

We are Provide Research Calls On All Segments Of Share Market Like Commodity Market Tips, base metal, equity market, future & options, Mcx intraday tips, intraday trading calls as well as forex market.

GOLD NEWS

gold
Gold prices eased in Asia on Wednesday as investors eyed a key China manufacturing survey that came in weaker than expected and signaled possible weak demand for the precious metal. The Caixin Manufacturing index for September fell to 47, from the August level of 47.3, putting it at a 78-month low. Investors remain concerned that persistent weakness in the Chinese economy could continue to spillover onto markets outside Asia.   At the FOMC's September policy meeting, 13 of its 17 members predicted that the committee will raise short-term rate by at least 0.25% at some point this year.

BASE METAL

copper
LME copper touched a 4-week low of USD 5,036/mt during Asian trading hours on sell-offs and finally closed at USD 5,075/mt, slipping 3.41%, its largest single-day drop since July 7 this year. Overnight, pessimistic sentiment loomed market. US dollar surged, weighing down commodity prices. Volkswagen’s emissions scandal triggered worries about demand for auto and base metals. Meanwhile, investors showed concerns over China’s Caixin manufacturing PMI number due out Wednesday. LME copper should move in USD 5,030-5,100/mt during Asian trading hours.  

ENERGY NEWS

energy

Crude oil prices reversed early gains in Asia on Wednesday as weak China manufacturing estimates trumped U.S. industry data that showed a much larger than expected draw in U.S. stockpiles last week. The Caixin Manufacturing index for September fell to 47, from the August level of 47.3, putting it at a 78-month low. On Tuesday, the Asian Development Bank lowered its 2015 economic growth projections for China from 7.2% and 6.8%. American Petroleum Institute said crude stocks fell a whopping 3.7 million barrels last week, compared to an estimate of 700,000 barrels drop. Data on refined products was not immediately available.

BULLION & ENERGY

CS GOLD (OCTOBER) OVERVIEW:
gold 1
TREND : BEARISH
RESIST 2: 26550
RESIST 1: 26420
SUP 1: 26170
SUP 2: 25960
STRATEGY: SELL ON RISE

OUR SERVICES:



1 comments
Labels: , , , , , , ,