Posted by dimpyarora on September 1, 2010
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Spot Gold prices gained around 1% to close at $1247/oz yesterday. The yellow metal prices touched a five-week high of $1249/oz on Tuesday as uncertainty in the global financial markets attracted demand for the safe-haven investment. Gold prices on the MCX platform gained slightly more than the international prices on the back of deprecation in the Indian Rupee. Spot Rupee closed at 47.07 against the dollar on Tuesday, after touching an intra-day high of 47.15 against the greenback. The SPDR gold trust reported yesterday that its holdings rose to 1,302.508 tonnes by Aug. 31 against 1,298.556 tonnes as of Aug. 30th.
Gold prices will continue to trade with a positive bias in the medium term. Today, the DX is expected to weaken and this factor will also push gold prices to move upwards. Moreover, poor global economic scenario would also influence prices positively.On intraday basis, Spot Gold prices have immediate support at $1243/$1236 whereas resistance is seen at $1254/$1262. Spot Silver prices shall find support at $19.16/$18.90 whereas resistance is seen at $19.68/$19.83 levels.
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Posted by kukreja on
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Intraday Stock Tips For Thu(02nd, Sept’10)
FDC Ltd.
Recommendation : Buy @ 110
CMP : 111.80
Target : 122-130
Stoploss : 108
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Posted by swati83 on
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Source -: http://freecashmarkettips.blogspot.com
FREE INTRADAY TIPS
Trading as per the support and resistance levels may be quite useful for intraday trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying / selling. In general it’s advisable to buy the stocks at support levels and sell at the resistance levels. In Intraday trading there are few support and resistance levels known as Support1 Support2, Resistance1 Resistance2 etc.
The support and the resistance levels for Nifty can be seen in the table below.
Nifty Levels in simple format can be seen as follow
| Pivot Level = 5459 |
| Support1 = 5430 |
Resistance1 = 5506 |
| Support2 = 5383 |
Resistance2 = 5535 |
| Support3 = 5354 |
Resistance3 = 5582 |
Posted by dimpyarora on
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MARKET ROUNDUP
U.S. gold futures rallied to a two-month high on Tuesday, as uncertainty about the economic recovery boosted the metal’s appeal as an alternative investment.
IN FOCUS
- The world’s largest gold-backed exchangetraded fund, SPDR Gold Trust, said its holdings rose to 1,302.508 tonnes by Aug. 31, from 1,298.556 tonnes on Aug. 27. The holdings hit a record at 1,320.436 tonnes on June 29.
- The world’s largest silver-backed exchange-traded fund, the iShares Silver Trust, said its holdings stood at 9227.13 tonnes as of August 31, rose by 76.1 from the previous business day.
- Northgate Minerals Corp discovers fault offset of the Magdala and Golden Gift orebodies at its Stawell Gold Mine and says diamond drilling at its Stawell GoldMine has intersected a new zone of goldmineralization
- Jaguar Mining Inc announces first gold pour at caet. Reiterates its gold production target at new caeté operation will total approximately 20,000 ounces in Q4 2010
FUNDAMENTAL OUTLOOK
Precious metals prices edged lower on COMEX today. Our outlook in gold remains bullish on the back of uncertain economic outlook that is likely to drive the gold prices up. Buying at every dip should be the investor’s strategy today.
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Posted by janvi on
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BUY EIH Associated Hotels Limited
Price 197.00
TGT 200.00-203.00-206.00
SL 192.00
Source http://onlinetradingttips.blogspot.com/
NIFTY
Mode-Flat to weak
RESISTANCE-5421/5439/5469
SUPPORT-5384/5366/5336
SENSEX
Mode-Flat to weak
Resistance-18025/18079/18169
Support-17917/17863/17773
Above resistance= Strong
Below support =Weak
All above levels are spot levels
Posted by dimpyarora on
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Crude prices lost their three days winning streak on Monday and slipped below $75 a barrel mark. Traders got worried with disappointing economic data. Crude prices gathered some support from news on Monday that US consumer spending rose in July at the strongest pace in four months in July, though it was less than expected. Traders are now eyeing at American Petroleum Institute (API) weekly oil inventory data, also the NYMEX September refined products contracts expire on Tuesday.
Benchmark crude for October delivery fell 69 cents, or 0.92 percent, to $74.48 a barrel, after trading in a range of $74.36 to $75.58 on the New York Mercantile Exchange. In London Brent for October fell 55 cents to $76.05 a barrel on the ICE.
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Posted by kukreja on August 31, 2010
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Looking at the daily reports and Charts Nifty has tested the support of 5,400 and 5,380 but owing to good recovery in the final moments it closed above the 5,400 level, which is a positive indication for our market. For the day, Nifty has registered its PCR level at 1.10 against 1.13 as of last trading session. Because of selling in indices heavyweights, Nifty failed to cross the 9 & 14 day`s SMA placed at 5,476 & 5,462 but managed to close above 50 and 100 day`s SMA placed at 5,395 and 5,267; these levels may act as new supports, in coming sessions. For the market tomorrow it is expected that some more consolidation and ranged movement in coming days.
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