technical

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...

EURUSD The Euro trades in a near-term consolidative phase, after last week’s sharp fall, the biggest weekly loss in over one year. The pullback from 1.3831 peak was for now contained at very strong daily support at 1.3450/20 zone, previous peaks of 19/06 and 20/08 / daily cloud top and...

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...

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...

EURUSD The Euro trades in extended consolidative phase, off fresh high at 1.3831, with price holding for now within 1.3760/1.3831 range. Negatively aligned hourly studies keep the downside risk in play while the price stays below 1.38 barrier, as 4-hour indicators are heading south and support...

EURUSD The Euro resumes bulls and cracks psychological 1.38 barrier, after near-term consolidation under the latter was completed. Extension of the third wave that commenced from 1.3103, 06/09 higher low that broke above its 100% Fibonacci expansion at 1.3797, focuses the next target at...

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...

EURUSD The Euro trades in widened consolidative range, with downside being for now protected by hourly 55DMA / 4-hour 20DMA at 1.3650, also Fibonacci 23.6% of 1.3472/1.3702 ascend and previous high of 03/10. Hourly studies are neutral to negative, with further sideways mode seen while 1.3650...

EURUSD The Euro ended week in the positive tone, closing just below psychological 1.37 barrier that was cracked last Friday. Annual high at 1.3710 remain in immediate focus, with break here to extend the third wave that commenced from 1.3103, 01/09 higher low and could travel to 1.3803, its...

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...

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...