mcx tips

MARKET SUMMARY Nifty witnessed a sell off after a positive opening on the back of pressure in Banks, It & Pharma names. The day was started with positive note yet nifty faces resistance at 6345 & tumbled below 6300 mark; there was no major recovery seen in the market for the entire trading...

MARKET SUMMARY: The Indian equity benchmark index nifty continues its losing streak for fifth consecutive session as weak China’s PMI data and accelerated WPI data supported the current weakness. The day was started on flat not and nifty remain range bound for entire trading session in range of...

Asian markets were trading mixed on Friday. China’s Shanghai Composite was flat at 2,218.89. Hong Kong’s Hang Seng was up 0.14 percent or 33.81 points at 23,822.90. Japan’s Nikkei was flat at 15,726.83. Singapore’s Straits Times was down 0.33 percent or 10.67 points at 3,175.70. South...

Chana Chana futures opened higher on account of short coverings as well as rumors that duty on imports of pulses may be imposed. Also, there are worries over acreage on the back of excessive soil moisture as well as diversification towards wheat in MP. However, prices could not sustain at...

Gold futures bounced back in the Asia electronic session today after tumbling to as low as $ 1305.2 an ounce yesterday its lowest level since 17th October 2013. The metal was weighed down by strong gains in the US dollar against the Euro yesterday after the European Commission lowered its...

JPY/INR The Japanese Yen appreciated by around 0.3 percent yesterday taking cues from mixed global market sentiments, leading to rise in demand for the low yielding currency. GBP/INR The Sterling Pound traded on a flat note yesterday on the back of strength in the DX. Also, mixed global...

Gold Gold prices declined around 1.4 percent yesterday on the back of strength in the DX. Further, declining trend in SPDR Gold Holdings acted as a negative factor. Holdings in the world’s largest gold ETF have slipped to 872.02 tonnes. Silver Spot silver prices declined around 3.5 percent...

Highlights US Federal Reserve maintained status quo on QE in yesterday’s meet Indian equities yesterday touched at highest level in last three years. US ADP Non-Farm Employment Change fell to 130,000 in October. Spanish Flash GDP gained 0.1 percent in the quarter ended Sept...

Base Metals Base metals traded higher yesterday on the back of positive economic data from the Euro Zone. Also, delay in QE taper by the Federal Reserve in the FOMC meet yesterday acted as a positive factor for the base metals group. However, strength in the DX coupled with mixed inventories...

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...

Nifty 6300 Call adds 10.2 lakh shares in Open Interest on October 23 Nifty 6200 Call adds 5.8 lakh shares in Open Interest Nifty Nov 6400 Call adds 2.5 lakh shares in Open Interest Nifty 6000 Put adds 8.5 lakh shares in Open Interest Nifty Nov 6000 Call adds 6.3 lakh shares in Open Interest

Indian rupee has opened flat at 61.57 per dollar on Thursday as against previous day’s closing of 61.59.

Asian equity markets pared losses Thursday following upbeat manufacturing data from China but concerns over tight liquidity in the mainland continued to weigh on sentiment. China’s Shanghai Composite slipped 0.50 percent or 10.84 points at 2,172.27. Hong Kong’s Hang Seng shed 0.49 percent or...

US stocks fell on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings, ending the S&P 500′s four-session streak of record high finishes. The Dow Jones industrial average was down 54.40 points, or 0.35 percent, at 15,413.26...

The Sensex is up 134.10 points at 20901.98, and the Nifty gains 34.85 points at 6213.20. About 710 shares have advanced, 301 shares declined, and 38 shares are unchanged. BSE Sensex hits 21000 while the Nifty is at 2013 high. Both the Nifty and Sensex are trading at highest levels since 2010...

The market opened flat on Thursday despite resolution on the US debt ceiling. The Sensex is up 15.01 points at 20562.63, and the Nifty is up 5.25 points at 6094.30.

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...

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...

Gold futures on Multi Commodity Exchange of India (MCX) opened with a slight profit. MCX Gold for December was negotiated by 0.05 % to Rs.29472 per 10 grams from 10.07 IST on Tuesday. Holdings in the SPDR Gold Trust, stood for a second day on Monday unchanged at 899.99 tons, the lowest level...

Gold futures extend gains in Asian trade today as electronic impasse in Washington that has led to the first partial shutdown of the U.S. government for 17 years, increased safe-haven appeal of the metal. December gold futures trading to 0.7 at $ 1,325.8 an ounce on the Comex division of the...