Posted by dimpyarora on July 28, 2010
source:- FREE MCX TIPS
MARKET RECAP
Crude oil prices lost around 2% to close at $77.5/bbl on the Nymex yesterday. Increasing inventories in the US coupled with mild strength in the DX affected the crude oil prices yesterday. On the MCX platform, crude oil prices closed at Rs 3624/bbl.
OUTLOOK
Crude oil prices will take cues from the inventory data to be released by the US Energy department today. Increasing inventories would further exert pressure on the commodity prices. Moreover, the DX is expected to remain strong today, and this factor will also weigh on the crude oil prices, making the dollar-denominated commodity less attractive for holders of other currencies.
Support for NYMEX September Crude Oil is seen at $76.30/$75.00 levels & resistance at $78.00/$79.20 levels.
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Posted by prem on
Source – http://www.futures-option-tips.blogspot.com/
BHARAT FORGE
TODAY THE STOCK MANAGED TO CROSS OUR PREVIOUS MENTIONED SUPPORT LEVEL AND CLOSED AT 321.85. IN DOWNSIDE THE STOCK MAY GO TILL THE LEVELS OF 315-310 IN NEAR TERM WITH STTRONG RESISTENCE AT 340.
TVS MOTORS
THE STOCK IS LOOKING BULLISH IN NEAR TERM, IN UPSIDE IT MAY GO TILL THE LEVELS OF 140 WITH STRONG SUPPORT AT 127.
TATA MOTORS
TODAY THE STOCK MANAGED TO CROSS OUR MENTIONED RESISTENCE LEVEL AND CLOSED AT 854.80, IN UPSIDE IT MAY MOVE TILL THE LEVELS OF 885 WITH STRONG SUPPORT AT 820.
CLUTCH AUTO
THE STOCK FACES IMMEDIATE RESISTENCE AT 77, CROSSING THIS MAY TAKE UP THE STOCK TILL THE LEVELS OF 80-82.WHILE IT FACES SUPPORT AT 68, CROSSING THIS MAY TAKE DOWN THE STOCK TILL THE LEVELS OF 64.
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Posted by dimpyarora on
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MARKET ROUNDUP
U.S. gold futures settled at a three-month low on Tuesday, losing 2 percent after option expiration and weak consumer confidence data triggered technical selling.
IN FOCUS
- The world’s largest gold-backed exchangetraded fund, SPDR Gold Trust said its holdings fell to 1,300.829 tonnes by July 27, down 0.913 tonnes from the previous business day.
- The world’s largest silver-backed exchange-traded fund, the iShares Silver Trust, said its holdings stood at 9185.29 tonnes as of 27th July, unchanged from the previous business day.
FUNDAMENTAL OUTLOOK
Precious metals prices are trading steady on COMEX today after falling 2 percent the day before. We don’t see any major downside from these levels in the prices of precious metals. Any downside should be used as a good buying opportunity today.
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Posted by dimpyarora on
courtesy:- MCX COMMODITY TIPS
Gold prices suffered a sharp decline on Tuesday and fell by 2 percent to a near three-month low, on getting a report of bigger-than-expected drop in US consumer confidence and an option expiry prompted heavy selling.
Gold futures for August delivery settled at a three-month low at $1,158 an ounce, down $25.10 on the Comex metal division of the New York Mercantile Exchange. Spot gold fell to a low of $1,157.65 an ounce on Tuesday, the cheapest price since May 5.
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Posted by janvi on
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SL 1880
TGT 1829, 1795
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Posted by prem on
Source – http://www.futures-option-tips.blogspot.com/
Buy Indian Bank SL of Rs 222, abv 230 for tgt of Rs 230-239
Maruti Suzuki India Ltd. Support for tomorrow– 1180-1122.50 price- 1226-1290
Sensex may get the next short term support close to the level 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run. Overall Sensex is looking to continue its uptrend & might make more up moves after some time consolidation.
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Posted by dimpyarora on July 27, 2010
source:- FREE COMMODITY TIPS
The Reserve Bank of India (RBI) raised interest rates more forcefully than expected on Tuesday to fight inflation that is on track to hit double digits for a sixth straight month, setting the stage for more policy tightening.One-year overnight interest rate swap rates jumped after the RBI notched up its fourth rate rise this year and said it was “imperative” to normalise policy in line with the economy’s growth and inflation.
A clutch of Asian central banks have started to raise interest rates from the low levels reached during the world wide downturn as the region leads the global recovery.
But inflation has risen sharply in India, sparking public protests and raising the heat for the ruling party in parliament, in contrast to several western economies that are worried more about disinflation as their recoveries show signs of faltering.
The RBI lifted the repo rate, at which it lends to banks, by 25 basis points to 5.75 percent, matching forecasts. But it bumped up the reverse repo rate, used to absorb excess cash, by 50 basis points to 4.50 percent — more than the expected quarter point.Bond yields and swap rates rose, with the 10-year benchmark bond yield gaining 3 basis points to 7.70 percent after reaching 7.72 percent. The 1-year overnight indexed swap rate jumped 19 basis points on the day to 6.1 percent and touched 6.13 percent, its highest since late 2008.
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Posted by swati83 on
SOURCE :- http://freecashmarkettips.blogspot.com/
- Lets see in which direction Nifty breaks the trading range shown by two blue dotted trend lines in the chart above ( 5350-5460).
- Historically Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. The same oscillator is indicating fresh bullishness in market only if Nifty close above 5520 in next few days.
- The red trend line of the channel in the long term Nifty chart (shown at the end of this column) or 5550 level may act as supply zone if Nifty continues marching upwards.
- Moderate to hight risk in fresh long term (1 to 3 years) investment.
Posted by prem on
Source – http://www.futures-option-tips.blogspot.com/
Maruti Suzuki India Ltd. Support for tomorrow– 1180-1122.50 price- 1226-1290
Maruti Suzuki India continued to feel the heat with competition hotting up with new launches especially in the A2 Segment. MSIL domestic car volumes were up 18.7% to 206k units as against an industry growth of 33% i.e. a marketshare loss of 590bps.
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