weekly

WEEKLY COMMODITY TECHNICAL REPORT 02 DECEMBER TO 06 DECEMBER 2013 Gold: China emerges as top global consumer. China continues to be the largest consumer of largest varieties of commodities produced in the world; and as 2013 draws to a close, the dragon country is going to be the top global...

Markets moved in tight range for most part of the week due to F&O Expiry and bounced in the last session and closed on a strong note. Nifty future on weekly charts took support of 21 day EMA last week and sustained on higher side this week. If the positive momentum continues then in coming weeks...

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...

US gold futures swung between gains and losses on Friday. However it remained almost steady amid weak US Dollar, poor physical demand from Asia and concerns that US Central Bank may start tapering its monetary stimulus later this year on improving economic conditions in the United States and...

MCX GOLD Technical Trend MCX GOLD on its daily charts found important support of trend line and closed near to 50.0% retracement. Now, immediate support is seen near 29500 sustaining below which it may find next support around 61.8% retracement i.e. 28750. On higher side 31150 is seen as...

Hello everyone, Working time regulations are legal restrictions on the amount of time an employee can work for an employer without breaking the law. This debate focuses on the costs and benefits to imposing such a policy for an economy – benefits such as more people employed on a headcount...

Silver gross longs hovering around August lows, gross shorts doubled. In terms of speculative positioning, silver gross longs are hovering around August lows, while gross shorts have doubled over the course of the year as of May 16.Net Comex non-commercial positions as a percentage of open...

The dollar rose against a basket of currencies on Friday, hovering near a 10-month high as debate over whether the Federal Reserve would wind down its asset buying programme later this year gathered pace. There was good dollar demand from importers as well, while exporters stepped up sales of...

Markets settled higher for the fifth consecutive week led by strong global markets. Nifty future lead towards new highs breaching its crucial resistance of 6150 and moved towards 6210. For the coming week, 6250 will act as crucial mark above which bulls will lead it towards new highs. On lower...

Markets settled higher for the fifth consecutive week led by strong global markets. Nifty future lead towards new highs breaching its crucial resistance of 6150 and moved towards 6210. For the coming week, 6250 will act as crucial mark above which bulls will lead it towards new highs. On lower...

Better strategy in MCX COPPER will be buy above 412, with stop loss of 399 for the target of 421.

Better strategy in MCX CRUDEOIL (JUNE) is to buy on dips for the target of 5500-5600 with stop loss of 5140.

Better strategy in MCX SILVER at this point of time is to sell below 42250 for target of 41280-40500, with stop loss of 44000.

Better strategy in MCX GOLD is to sell below 25690 for the targets of 25000-24750 with stop loss of 26600.

Commodity Weekly Report for 06/May/2013 – 11/May/2013 Gold demand drops as prices rise on weak rupee. Demand for gold in India, the world’s biggest consumer of the precious metal, dropped on Friday as local prices rose tracking overseas markets and on a weak rupee. ”Demand is very...

Currency Weekly Report for 15/April./2013 – 18/April./2013 The rupee ended flat on Friday as a slump in local stocks after a weak revenue guidance from IT bellwether Infosys, was evened out by hopes the RBI would cut interest rates next month after data showed slowing consumer inflation. The...

Gold holds above 10-month low, US jobs data in focus. Gold held above $1,550 on Friday, as the dollar steadied and European shares dropped ahead of U.S. jobs data which should give more clues on the health of the world’s largest economy. Gold edged up 0.1 per cent to $1,554.04 by 1029 GMT, but...

Weekly Nifty Report for 01/April./2013 – 05/April./2013 Markets settled on a positive note despite of subdued sentiments on renewed Cyprus bailout or other domestic political issues and F&O Expiry. On weekly charts, Nifty future has found support around its 50 day EMA and 5550 is seen as major...