Thursday, 12 April 2012
Volumes in agricultural commodities jumped 50.74% to Rs 21,94,000 core in the fiscal year that ended in March, while bullion futures volumes jumped 85.33% to Rs 101,81,998 crore, data from the regulator showed.
The commodity indian stock market regulator has taken a series of steps from limiting position limits to imposition of margins to check excessive speculation in agricultural commodities, after banning trade in guar gum and seed in late March.
India, which allowed futures trading in commodities in 2003, has 24 commodity bourses, including six operating at the national level.
Tuesday, 10 April 2012
* "Few orders are there on the lower side... market is slowly gearing up ahead of Akshaya Tritiya," said a dealer with a private bullion importing bank in Mumbai.
* Jewellers in India ended their three-week strike on Saturday after assurance the federal government would consider scrapping a budget proposal to levy excise duty on unbranded jewellery.
People will be buying now after closing shops for weeks together as wedding season is on," said Harshad Ajmera, proprietor of JJ Gold House. "There were good retail sales yesterday."
Gold for June delivery on the Multi Commodity Exchange (MCX) was up 0.48% at Rs 28,333 per 10 grams.
* "A level of Rs 27,200-27,500 will be good enough for market to activate," said the private bank dealer.
Saturday, 7 April 2012
• The Sensex closed at 17597.4 up 199.3 points or 0.7% and the Nifty ended at 5358.5, up 40.6 points or 0.8%. Broad market indices too ended in the positive as the BSE Mid Cap and Small Cap indices gained 1% and 1.1% respectively.
• Market breadth was positive, as the A/D ratio was 1.76:1 on the BSE.
• NSE cash turnover stood at Rs. 10574 cr. vs. Rs. 9254 cr. in the previous session.
• As per the provisional figures on Tuesday, FIIs were net buyers of Rs. 332 crores in the cash
market, while they were net buyers of Rs. 931 crores in the F&O market. DIIs were net buyers of Rs.
200 crores in the cash market.
• All the metals ended in the green with Nickel gaining 2.6% while Copper rose by 1.2%. Zinc and Aluminium ended higher by 1% and 0.2% respectively.
• Oil for May delivery slipped $1.04 to $104.19 a barrel.
• Gold futures for April delivery fell $33.10 to $1,646.90 an ounce.
Tuesday, 3 April 2012
No other commodity investment product in gold available in India has this facility. Certain other features such as transparent pricing, seamless trading and zero holding costs have made this product a preferred investment option for retail investors and HNIs," NSEL managing director and CEO Anjani Sinha.
In e-Gold, investors have found a unique way to park their money in gold without having to worry about purity or physical security that is inherent to jewellery and physical bullion, he added. This launch was to mark the completion of two years of launch of 'e-Gold' - India's first commodity investment product in demat form.
This is in addition to the existing delivery denomination options available in 8 gms, 10 gms, 100 gms and 1 kg lots. E-Gold comprised 18% of NSEL's total turnover in the FY12. PTI SM ABC
Saturday, 31 March 2012
Silver prices are likely to remain positive if sustains above 56202 and test 57552 on higher end. Oscillators are in negative zone.
Copper prices are holding the middle bollinger band on closing, can test 434-432 on higher end which seems a good resistance for the metal. Oscillators indicating range bound move ahead.
Nickel prices have entered the oversold zone hence selling at these level are not recommended. One should accumulate between 890 -882 zone
Lead, one can enter long with a stop loss below 102 for the target of 104.50 - 102. prices could hold support at 103.20. oscillators are in negative zone.
Crude prices are expected to test the resistance at 5330 -5342 one should look for selling opportunity on higher end. oscillators are heading down.
Thursday, 29 March 2012
In the past week, MCX Gold prices tested the valid uptrend line support visible on daily chart and bounced sharply to close around 28000 levels. This is also coinciding with the neckline support of bullish head and shoulders chart pattern. More Information About share market tips please visit the site stock-market-expert-tips.blogspot.com
We expect prices to rise up from current levels in upcoming sessions.
Recommendation: Buy above Rs28012 for a target of Rs28491 with a stop loss of Rs27791.
MCX Crude Oil:
MCX Crude is forming a broadening pattern on the weekly chart and it is moving higher towards the upper end of the pattern.
On the daily charts it is forming a triangular pattern, and the resistance line is pegged at 5410 levels. Long positions can be initiated above the resistance line.
Recommendation: Buy above Rs5411 for a target of Rs5541 and a stop loss of Rs5348.
The double bottom chart pattern failure is evident in the continuous weekly chart of MCX Nickel. Prices can retest their previous bottoms of 860 levels. Short positions can be initiated below 940 levels.
RSI (14) has given a negative crossover and is on the verge of entering the over sold zone.
Recommendation: Sell at Rs940 for a target of Rs860 and a stop loss of Rs1001.
Tuesday, 27 March 2012
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Wednesday, 11 January 2012
Buy Kingfisher Airlines, cmp is Rs 21,the target is Rs 23 and stop loss is Rs 20.5.
Buy Educomp Solutions, cmp is Rs 220.25,the target is Rs 234 and stop loss is Rs 217.
Buy Timken India, cmp is Rs 177,the target is Rs 191 and stop loss is Rs 174.
Buy Cropton grice, cmp is Rs 131.5, the target is Rs 139 and stop loss is Rs 130.
Buy NMDC, cmp is Rs 169, the target is Rs 178 and stop loss is Rs 166.
Friday, 6 January 2012
The Sensex opened 70 points lower on Friday amid choppy trade, tracking endless eurozone fears. Asian markets too were down 0.3-1.4% in early trade. Banks, capital goods, telecom and metals stocks were taking beating.
The Sensex was down 82 points at 15,775.28 and the Nifty fell 30 points to 4,719.90.
In the frontline shares, ONGC, GAIL Ranbaxy Labs, L&T, SBI, ICICI Bank, Axis Bank, PNB, Wipro, Bharti, JP Associates, IDFC (below Rs 100 mark), Ambuja Cements and Hero Motocorp were down between 1% and 2%.
Wednesday, 4 January 2012
Nifty should sustain 4812 level on hourly chart & further close above 4854 which will set up game for tug of war between bulls n bears.History says,that Jan month has not given more than 5% returns in last 10 years.7 out of 10 times,Jan month was a negative ( avg negative returns 8%),so this rally should be viewed with apprehension.Get daily market report of traveling levels at http://stock-market-expert-tips.blogspot.com/
Monday, 2 January 2012
- HDIL (LTP:58.3) - SELL
For today's trade, long position can be initiated only in Rs.405-400 range for a target of Rs.430-440, with a strict closing based stop loss of Rs.395.
- LUPIN (LTP: 439.9) - SELL
For today's trade, short position can be initiated only in Rs.443.50-446 range for a target of Rs. 430, with a strict stop loss of Rs.452.
- M&M (LTP: 686.3) - SELL
For today's trade, short position can be initiated only in Rs.697-700 range for a target of Rs. 674, with a strict stop loss of Rs.712.
- VIPIND (LTP: 81.0) - SELL
For today's trade, short position can be initiated only in Rs.83-84 range for a target of Rs.80-78, with a strict stop loss of Rs.85.
- PNB (LTP: 780.9) - BUY
For today's trade, long position can be initiated only in Rs.764-760 range for a target of Rs.781-789, with a strict stop loss of Rs.752.
- IGL (LTP: 368) - BUY
For today's trade, long position can be initiated only in Rs.365-362.5 range for a target of Rs.374-380, with a strict stop loss of Rs.359. Traders are advised to avoid early morning whipsaws.