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Technical Outlook valid for October 30, 2013 Unit Support Resistance Spot Gold $/oz 1335/1328 1348/1355 MCX Gold Dec’13 Rs/10 gms 30000/29850 30300/30450 Spot Silver $/oz 22.25/22.00 22.55/22.80 MCX Silver Dec’13 Rs/kg 49000/48600 49800/50300 Read More Info Visit Here - BULLION MCX...

US Dollar Index The Dollar Index gained around 0.5 percent yesterday on the back of unfavorable economic data from US along with US Federal Reserve beginning its two day meeting in yesterday’s trade. The DX touched an intra-day high of 79.74 and closed at 79.67 on Tuesday. US Core Retail Sales...

The MCX Gold December futures, as expected, has almost achieved our short-term target of Rs 30,700-odd levels. Gold prices may spike to Rs 30,850-odd levels, or consolidate around current levels given the sharp 7.7 per cent rally in the last nine trading days. The overall bias for the MCX Gold...

Meanwhile, in the Euro-zone, a report showed that the region’s Markit manufacturing PMI rose to a level of 51.3 in October, less than market expectation for a rise to 51.4 from a reading of 51.1 registered in the previous month. However, Markit service and composite PMI declined unexpectedly to...

Chana Chana futures witnessed short coverings on Wednesday on expectations of demand to emerge at lower price levels. November futures settled 0.92% higher while spot prices settled 1.91% higher on Wednesday. Prices had declined over the last one week as sowing operations have started in key...

LME Inventories Unit 23rd October 22nd October Actual Change (%) Change Copper tonnes 489,400 492,350 -2,950 -0.6 Aluminum tonnes 5,402,650 5,401,975 675 0.0 Nickel tonnes 231,636 231,480 156 0.1 Zinc tonnes 1,045,700 1,050,750 -5,050 -0.5 Lead tonnes 232,425 232,825 -400 -0.2 Read More Info...

U.S. Dollar (% Change) as on October 22, 2013 Last Prev . month- day -year WoW dollar index 79.29 -0.2 -1.7 -1.6 -0.6 U.S. $ / INR (Spot ) 61.64 -0.1 0.3 0.9 -13.1 U.S. $ / INR Futures Oct’13 (NSE ) 61.69 0.09 -0.5 -1.27 15.28 U.S. $ / INR Futures Oct’13 (MCX -SX ) Read More Info Visit Here -...

Base metals pack on the LME traded on a positive note yesterday on the back of weakness in the DX. Upbeat global market sentiments also acted as a positive factor. Further, decline in US non-farm employment data eased concern of QE tapering program by the Federal Reserve which supported an...

WEEKLY MARKET TREND Sensex closes at 3-year high; banks, metal lead rally. S&P 500 breaks record, Google tops $1,000/sh on Q3 earnings. NHPC’s tax-free bonds oversubscribed over two times. SpiceJet shares surge over 3% amid stake sale reports. L&T Q2 net falls 14% to Rs 978...

Domestic Forex markets Updates: Dollar slides to 8-1/2 month lows on US economy worries. Rupee trims most losses; RBI assurance on forex window for oil firms aids. Rupee at over two-month high; broad dollar fall, share gains aid. Sterling trades near two-week high versus...

MCX GOLD on its daily charts unable to sustain on lower level and showed some correction towards the 50% retracement level. Now, if it sustains below the psychological level of 30000 then 28740 will act as major support. On other hand if it maintain above 30000 then trend reversal can be seen...

Technical Outlook validity of October 18, 2013 the Support Unit to the Resistance Spot gold $ / oz 1307/1298 1325/1334 MCX Gold Dec’13 Rs/10 g 29300/29100 29700/29900 Silver Spot $ / oz 21.60/21.40 Silver MCX Dec’13 22.00/22.20 Rs / kg 47700/47300 48600/490 Read More Info Visit here - Mcx...

Chana November Chana futures traded on a flat note and settled slightly higher at 0.03 % on Tuesday . Expectations of lower planting due to switch to other crops , and demand prices paid holidays . However, supplies remain ample to meet demand , capping sharp gains.Prices negotiated on an...

Gold Spot gold prices gained marginally by 0.1 percent due to the global market sentiments upbeat after U.S. lawmakers was able to resolve their debt ceiling and avoid default on the government. However, the sharp rise in prices was crowned as a result of decreased SPDR gold holdings by 0.4...

Gold Spot gold prices traded on a flat note and gained marginally due to weakness in the DX. Further, upbeat global market sentiments as US lawmakers confident to solve its debt ceiling issues and avoid default in the US government supported an upside in prices. However, sharp upside in prices...

Gold futures rose as the safe haven appeal went again into the picture as global stock markets fell after weak economic data from China and as reports said Senate leaders remained stagnant U.S. in a deal to raise the debt limit of the nations. The bus stop is in its 14th day , with Republican...

Base Metals Base metals pack on the LME traded on a positive note yesterday as the US Republicans and President Barack Obama agreed on a temporary increase in the debt ceiling indicating that the default could be avoi ded. Also, decline in LME inventories except Lead supported an upside in...

Views on markets today - Benchmark share indices ended flat on Thursday, amid range bound trade, as investors remained cautious ahead of Infosys second quarter earnings. The 30-share Sensex ended up 24 points at 20,273 and the 50-share Nifty ended up 14 points at 6,021. - Among the 13 BSE...

S & P CNX Nifty CMP 6007.45 Index is expected for a small rally in the charts, while resistance at 6060 & 6150 is expected. Best Trading startegy for traders would be buying on dips. Intraday trading Levels Buy Above: 6040 Resistance 6060 | 6093 | 6146 Sell Below: 5975 Support 5955 | 5922 |...

India gold futures opened slightly down Rs.29601 on Tuesday tracking a steady development in the global market . Gold futures for December on India’s Multi Commodity Exchange ( MCX) was consisted by 0.06 % to Rs.29600 per 10 grams at 10:23 IST on Wednesday . Read More Info - Gold prices remain...