Gold prices bounces back on MCX, August contract up 0.5%

MCX GOLD October contract was trading at Rs 28277 up Rs 130, or 0.46 percent. The GOLD rate touched an intraday high of Rs 28370 and an intraday low of Rs 28177. MCX GOLD August contract was trading at Rs 28087 per 10 gram, up Rs 135, or 0.48 percent. The GOLD rate touched an intraday high of Rs 28186 and an intraday low of Rs 27980. So far 12086 contracts have been traded. GOLD prices have moved down Rs 4140, or 12.85 percent in the August series so far. Mcx commodity charts Mcx trading software Commodity trading

MCX GOLD October contract was trading at Rs 28277 up Rs 130, or 0.46 percent. The GOLD rate touched an intraday high of Rs 28370 and an intraday low of Rs 28177. So far 305 contracts have been traded. GOLD prices have moved down Rs 3573, or 11.22 percent in the October series so far. Mcx commodity charts indicators trading software free download

MCX GOLD December contract was trading at Rs 28470 up Rs 296, or 1.05 percent. The GOLD rate touched an intraday high of Rs 28500 and an intraday low of Rs 28456. So far 5 contracts have been traded. GOLD prices have moved down Rs 2470, or 7.98 percent in the December series so far.

Source : .Money Control

Silver trades higher; July contract rises 0.5%

MCX SILVER September contract was trading at Rs 44375 up Rs 208, or 0.47 percent. The SILVER rate touched an intraday high of Rs 44640 and an intraday low of Rs 44230. MCX SILVER July contract was trading at Rs 43781 per kg, up Rs 235, or 0.54 percent. The SILVER rate touched an intraday high of Rs 44039 and an intraday low of Rs 43610. So far 11468 contracts have been traded. SILVER prices have moved down Rs 21229, or 32.65 percent in the July series so far. mcx commodity live charts live mcx charts commodities

MCX SILVER September contract was trading at Rs 44375 up Rs 208, or 0.47 percent. The SILVER rate touched an intraday high of Rs 44640 and an intraday low of Rs 44230. So far 327 contracts have been traded. SILVER prices have moved down Rs 12944, or 22.58 percent in the September series so far. commodity online charts free software for technical analysis

MCX SILVER December contract was trading at Rs 45595 up Rs 473, or 1.05 percent. The SILVER rate touched an intraday high of Rs 45595 and an intraday low of Rs 45325. So far 3 contracts have been traded. SILVER prices have moved down Rs 1574, or 3.34 percent in the December series so far.

Source : .Money Control

Gold pulls down; world bank cuts growth: Dani Commodities

Dani Commodities has come out with its report on bullion. According to the research firm, one can buy MCX Gold at Rs 28070 with a stop loss of Rs 28000 for target of Rs 28200. Dani Commodities' report on bullion: Goldfutures pulled down in the Asia electronic session today however the losses were limited due to weakness in the US dollar. The Asia equities tumbled sharply today after the World Bank lowered its global economic-growth forecast. indian commodity market live rates commodity trading software

In its semiannual Global Economic Prospects report the World Bank revised lower its expectations for growth in China, Brazil and India, while upping estimates for Japan and the US For 2014, the World Bank sees global growth at 3 percent. The World Bank lowered its global economic-growth forecast Wednesday, tipping 2.2 percent expansion in 2013, down from a 2.4 percent projection issued in January and below last year's estimated 2.3 percent growth. Meanwhile, Australia's May employment data surprised markets with a gain in jobs, sending the nation's currency jumping. Total employment rose by 1,100 last month, with the jobless rate holding steady at 5.5 percent, the Australian Bureau of Statistics said Thursday. On the other hand, the gains came on the back of a 6,400 rise in part-time jobs, with full-time positions falling 5,300. mcx free live charts crude oil technical analysis

Gold for August delivery is trading down USD  2.9 at USD 1389.1 per ounce on the New York Mercantile Exchange. Yesterday, it rose USD 15, or 1.1 percent, to end at USD 1,392 an ounce in floor trade, after earlier dipping to an intraday low of USD 1,372.20. free charting software commodity tips software charting software

MCX GOLD

International: Major Support at USD1400. Bearish below USD1400.
Domestic: Buy at 28070, Stoploss 28000, Target 28200.

MCX SILVER

International: Major Support at USD24. Bearish below USD24.
Domestic: Buy above 43800, Stoploss 43550, Target 44200.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in/ are their own, and not that of the website or its management. http://vogazsahota.blogspot.in/ advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Buy MCX Gold August fut on dips, advises Fortune Financial

Fortune Financial Services has come out with its technical report on bullion. According to the research firm, MCX Gold Aug futures contract trend is looking strong on chart, day traders can buy on dips or buy at Rs 27700 for price target of Rs 27900 & Rs 28000 with a stop loss below Rs 27580. Fortune Financial Services' technical report on bullion - commoditycharts india commodity trading software

Bullion: Gold prices edged higher Wednesday as the dollar slipped against the euro and as global equity markets stabilized after the previous day's volatility. The most actively traded contract, for August delivery, was recently up USD 7.10, or 0.5 percent, at USD 1,384.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Investors in China, the world's largest gold producer and secondlargest consumer of the precious metal behind India, have been on the sidelines since Monday as they celebrate the Dragon Boat holiday. intraday commodity charts india intraday commodity charts

Energy: Crude-oil futures edged higher Wednesday as a weekly government report that showed increasing U.S. oil inventories wasn't as bad as some traders feared. Light, sweet crude for July delivery recently traded up 70 cents, or 0.51 percent, higher at USD 96.08 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 72 cents higher at USD 103.68 a barrel.

Metals: London Metal Exchange copper closed higher Wednesday after Freeport McMoRan Copper & Gold Inc. (FCX) declared force majeure at its Grasberg mine in Indonesia, adding to concerns about the global copper supply this year. At the close of trading, the LME flagship metal three-month copper was 0.8 percent higher on the day at USD 7,120 a metric ton. commodity trading software natural gas technical analysis

MCX Gold Aug futures contract trend is looking strong on chart, day traders can buy on dips Major support is seen in range of Rs 27700, Rs 27580 and Rs 27400 . While important resistance is seen near Rs 27970. Rs 28110, and Rs 28340.

Recommendation - Day traders can buy at Rs 27700 Target Rs 27900 & Rs 28000 SL below Rs 27580.

MCX Silver July futures contract is looking strong on chart, day traders can buy on dips Major support is seen in range of Rs 43300, Rs 42900 and Rs 42400 . While important resistance is seen near Rs 43900, Rs 44300 and Rs 44750.

Recommendation - Day traders can buy at Rs 43300 Target Rs 43900 & Rs 44200 SL below Rs 42950.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in/ are their own, and not that of the website or its management. http://vogazsahota.blogspot.in/ advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Rupee weakens at open tracking fall in Nifty futures

The downside for the rupee is likely to be limited ahead of Finance Minister P Chidambaram's scheduled press conference to announce measures to prop up the rupee. The rupee weakened in opening trade on Thursday, tracking a fall in the Nifty futures traded in Singapore, but the downside is likely to be capped ahead of the finance minister's conference later in the day. share market technical analysis indian stock market software

Nifty futures traded in Singapore were trading down 0.8 percent in line with other emerging Asian markets. However, the downside for the rupee is likely to be limited ahead of Finance Minister P Chidambaram's scheduled press conference to announce measures to prop up the rupee. intradaycharts for nse stocks stock market software

At 9:05 am (0335 GMT), the partially convertible rupee was trading at 58.08/09 per dollar versus its Wednesday's close of 57.79/80.The stock market regulator also announced a hike of USD five billion in government debt for long-term foreign investors while a follow-on impact of the Fitch ratings outlook upgrade should also limit the downside in the rupee, traders said. share market software free technical analysis charting software

Source : .Money Control

F&O Cues: Nifty 5700 Put adds 7.25 lakh shares in OI

F&O Cues: Nifty 5700 Put added 7.25 lakh shares in open interest (OI) and Nifty 5800 Call added 19.4 lakh shares in OI on Wednesday. nifty technical analysis best nifty buy sell software

F&O Cues:

Nifty 6000 Call adds 6.9 lakh shares Open Interest (OI) on Wednesday

Nifty 5700 Put adds 7.25 lakh (11 percent) shares in OI, premium down from 58 to 55.5

Nifty 5800 Call adds 19.4 lakh (60 percent) shares in OI, premium down from 83 to 71

Nifty 5400 Put adds 11.7 lakh (58 percent) shares in OI, premium up from 5 to 5.5

Nifty 5700 Call adds 5.2 lakh (50 percent) shares in OI, premium down from 141 to 125

Nifty 5900 Call adds 3.9 lakh (7.5 percent) shares in OI, premium down from 46 to 37

Nifty 5900 Put sheds 5.5 lakh (11 percent) shares in OI, premium up from 160 to 164

FIIs in F&O (June 12; Sources - NSE) nse software intraday buy sell signal free software

FIIs net sell Rs 483 crore in index future; OI contracts up by 42773

FIIs net sell Rs 1520 crore in index option; OI contracts up by 60455

FIIs net sell Rs 235 crore in stock futures; OI contracts up by 16522

FIIs net buy Rs 2 crore in stock options; OI contracts up by 6011

Source : .Money Control

Sensex down 170 pts; Apollo Tyres & Sun Pharma crash

The market has once again opened on a shaky note as the Sensex starts trading session 194.49 points down at 18846.64, and the Nifty is down 50.85 points or 0.88% at 5709.35. About 38 shares have advanced, 241 shares declined, and 26 shares are unchanged. The market has once again opened on a shaky note as the Sensex starts trading session 194.49 points down at 18846.64, and the Nifty is down 50.85 points or 0.88% at 5709.35. About 38 shares have advanced, 241 shares declined, and 26 shares are unchanged. indianstock market software stock market software
Ratings agency Fitch raising India's economic outlook to 'stable' from 'negative' has not even managed to boost market sentiments. On Wednesday, the rating agency has given a thumbs up to the government's fiscal consolidation drive and expects inflation to ease further.Stock specifically, Apollo Tyres crashes 13% as the company acquired US based Cooper Tires for about USD 2.5 billion  and will fund the deal through debt. nifty buy sell signal software stock market software

Other losing stock is Sun Pharma (down 5.1 percent) as the drug company settled Protonix patent infringement battle with Pfizer and Takeda for USD 550 million. Meanwhile, the rupee has opened at 58.10 per dollar Thursday, down by 31 paise compared to previous day's closing of 57.79 per dollar. On the global market front, Wall Street ended yet again in red in choppy trading. The CBOE VIX, the volatility index, spiked 9 percent. The Dow posted its first three day losing streak, amid concerns of Fed tapering its quantitative easing (QE) The Dow Jones Industrial Average tumbled 126.79 points, to close at 14,995.23The important data to be released from the US today are the weekly jobless claims. Estimates peg it slightly higher at 350000 compared to 346000 the previous week. share market technical analysis indianstock market software

In other asset classes, the euro is holding firm above 1.33 to the dollar. The dollar index has slipped below the 81 mark. Meanwhile, the yen strengthened, currently sub 96. In commodities, Brent Crude hovers around 103 dollars per barrel. From precious metals space, gold is continuing to trade around 1385 dollars an ounce.

Source : .Money Control

Nifty to rely on global cues; seek relief in stable rupee

It was not a bad day for our market yesterday; the rupee too had pulled back a bit but unfortunately global pressure is begining to mount again. Over the last couple of days the foreign insitutional investors have started selling. Therefore it is not a great enviornment to start the day, said CNBC-TV18's managing editor, Udayan Mukherjee. The market had a bad day yesterday. The rupee too had pulled back a bit but unfortunately global pressure is beginning to mount again. Over the last couple of days the foreign institutional investors have started selling. Therefore, it is not a great environment to start the day, says CNBC-TV18's managing editor, Udayan Mukherjee. technical analysis best trading software charting software

US market closed badly yesterday. Japan is down 5 percent and other markets like Hong Kong and China which have opened after a break are doing very badly as well. According to him, the ongoing debate on whether Quantitative Easing (QE) tapering will happen or not, is putting a lot of pressure on flows for emerging market equities and currencies. Therefore, next week's Fed meeting assumes a lot of importance. So, the fate of our market is not only in our hands but it depends quite a bit on what happens overseas too, he added. Below is the verbatim transcript of his analysis on the channel

Global markets

Global pressures are beginning to mount and that is very disconcerting. There is a debate going on in the west on whether Quantitative Easing (QE) tapering will happen or not. From what is going on right now it is clear to spot that markets are putting a lot of pressure on the US Federal Reserve and the Bank of Japan and they will test the regulators out because at the first sign of money being taken away or the punch bowl being taken away, markets will not let you do that very easily and they will test your resolve out. However, there is never a good time to do it so you can keep postponing it but it is not an easy decision because every time there is a hint of taking the punch bowl away, markets will collapse and they will prevent the regulators from doing that. This is exactly the sequence of events which is playing out. nifty trading software stock trading software charting software

Therefore, the next week’s Fed meeting assumes a lot of importance because the Fed will do one of two things. It will either stand up to the market and say that quantitative easing is the prudent thing to do and although we are not doing it today but chances are we will do it in three-four months time and if markets sell off then that is bad luck or it will say that in my role as cheer leader to asset classes, I obviously cannot afford to do this, so why are you panicking. QE is here to stay as long as I am here, markets will bounce back once again. However, it seems to be becoming a binary kind of outcome for the next meeting because the markets are putting so much pressure on the regulators. You can see it happening in Japan as well. After the BoJ meeting the way the currency has moved and the way the stock markets are moving out there, must be alarming the authorities there as well. So that is a bit of a game of blink which is going on in global markets. indian stock marketsoftware stock market software

For the near-term, it is obviously putting a lot of pressure on flows for emerging market equities and currencies and that is a reality that we are trying to grapple with as well.

On FII outflows:

We have had corrections in the past this year but they have usually not come on the back of very large foreign institutional investors (FIIs) outflows. Sometimes it has been a technical correction where FIIs have stopped buying for a few days but this Rs 1,000 crore kind of selling in the cash market for the last couple of days is a disturbing sign because it follows more than USD 3 billion outflow in the bond market in India as well. So, I think people are getting quite edgy about how this flow situation will pan out in the near-term.

Also, last couple of days we have seen quite a bit of shorting in the Nifty futures. Yesterday, there was evidence of some stock futures shorting happening as well in select names like Axis Bank, Titan Industries, Tata Steel and the options activity also is not betraying a lot of confidence. This is a big stone on the market’s back and when it ties-in with what we have been discussing on the global liquidity parameter and you should expect some pressure on near-term flows. eod charts indian stocks best trading software

Now, it could go two ways. This could be the start of a bigger unwind which the Fed does not stop next week and then we are looking at serious trouble for most emerging markets including ours or this is a period of pain, which lasts for another couple of sessions. The Fed and authorities get quite alarmed and they jump in to prevent a 2008-2009 kind of situation. Then for the near-term you see a back stop in liquidity and market has rebound and shorts get covered up. One of the two will play out, so in the next couple of days there could be pain. However, next week given the meetings of the Central Banks here and overseas, and the kind of comments, which might come through from the finance ministry today as well, you will probably see Central Banks also getting onto fairly hyper active mode to prevent big accidents. Because there is a bit of a scare going on now in emerging markets with the prospect of liquidity drying up.
While everybody is saying there is no panic, I can assure you that a lot of the people who are watching from the regulatory and the governments, they are beginning to show a semblance of panic out there.

Source : .Money Control

Will Fitch boost help Nifty shrug off bad global cues?

The Sensex ended the day at 19041, down 102 points over its previous close, after touching a low of 18969. The Nifty finished at 5760, down 29 points over its close. In a big vote of confidence, ratings agency Fitch raised India's economic outlook to ‘stable’ from ‘negative’. The Indian benchmark indices extended its losing streak on Wednesday bogged down by macro economic data of April industrial output and May inflation numbers. The market ended in red despite a mild recovery seen in the rupee

The Sensex ended the day at 19041, down 102 points over its previous close, after touching a low of 18969. The Nifty finished at 5760, down 29 points over its close. In a big vote of confidence, ratings agency Fitch raised India's economic outlook to ‘stable’ from ‘negative’ .It has given a thumbs up to the government's fiscal consolidation drive and expects inflation to ease further. stock market technical analysis technical analysis of stocks

US Markets

Wall Street ended yet again in red in choppy trading. The CBOE VIX, the volatility index, spiked 9 percent. The Dow posted its first three day losing streak, amid concerns of Fed tapering its quantitative easing (QE) The Dow Jones Industrial Average tumbled 126.79 points, to close at 14,995.23The important data to be released from the US today are the weekly jobless claims. Estimates peg it slightly higher at 350000 compared to 346000 the previous week.

European Markets

European markets closed lower mirroring losses in US markets, on continuing concerns about an imminent scaling back of ultra-loose monetary policies by central banks. The European FTS Eurofirst 300 closed down 0.3 percent at 1,176.14 points, extending the previous session's decline.In the debt market - Italy sold 7 billion euros in 12-month bonds. The Italian treasury paid an average yield of 0.96 percent for the bonds, slightly up from a record low of 0.73 percent at the last such auction in may. The demand was 1.49 times the amount on offer. technical analysis best trading software charting software

In Greece, the government has shutdown its public broadcaster and has laid off all 2,700 employees, as part of cost cuts demanded by international creditors. The greek government has said it would reopen its broadcasting department with a smaller workforce later. The decision has triggered widespread protests in the country. Meanwhile, the European Commission has said that it did not seek the closure of Greece's national broadcaster.

This development comes on a day when the MSCI cut Greece's status to emerging markets, booting the country from its index of developed countries. This is the first time the index provider has demoted a country from its developed to emerging-market category. 

Asian Markets

Asian stocks stumbled earlier thursday after the uncertainty over US monetary policy led to more losses on Wall Street, with Japanese shares plunging toward their sixth loss in seven sessions as a strengthening yen hurt exporters. Japan's benchmark Nikkei trimmed its losses after plunging as much as 6 percent on Thursday in a vicious sell-off after the yen rallied over 1 percent against the greenback.

Other asset classes

In other asset classes, the euro is holding firm above 1.33 to the dollar. The dollar index has slipped below the 81 mark. Meanwhile, the yen strengthened, currently sub 96. In commodities, Brent Crude hovers around 103 dollars per barrel. From precious metals space, gold is continuing to trade around 1385 dollars an ounce.

Source : .Money Control

GOLDM prices decline 0.65% on MCX

MCX GOLDM August contract was trading at Rs 27714 down Rs 185, or 0.66 percent. The GOLDM rate touched an intraday high of Rs 27865 and an intraday low of Rs 27705. MCX GOLDM July contract was trading at Rs 27724 per 10 gram, down Rs 180, or 0.65 percent. The GOLDM rate touched an intraday high of Rs 27925 and an intraday low of Rs 27711. So far 23388 contracts have been traded. GOLDM prices have moved down Rs 2276, or 7.59 percent in the July series so far. mcx real time best charting software technical analysis software

MCX GOLDM August contract was trading at Rs 27714 down Rs 185, or 0.66 percent. The MCX GOLDM rate touched an intraday high of Rs 27865 and an intraday low of Rs 27705. So far 8050 contracts have been traded. MCX GOLDM prices have moved up Rs 364, or 1.33 percent in the August series so far. commodity live charts technical charts free technical analysis

MCX GOLDM September contract was trading at Rs 27750 down Rs 158, or 0.57 percent. The GOLDM rate touched an intraday high of Rs 27895 and an intraday low of Rs 27655. So far 233 contracts have been traded. MCX GOLDM prices have moved up Rs 26, or 0.09 percent in the September series so far.

Source : .Money Control

SILVERM prices slip on MCX, June contract dips 0.4%

MCX SILVERM August contract was trading at Rs 44090 down Rs 184, or 0.42 percent. The SILVERM rate touched an intraday high of Rs 44280 and an intraday low of Rs 44028. MCX SILVERM June contract was trading at Rs 43450 per kg, down Rs 180, or 0.41 percent. The SILVERM rate touched an intraday high of Rs 43750 and an intraday low of Rs 43388. So far 24851 contracts have been traded. MCX SILVERM prices have moved down Rs 22835, or 34.45 percent in the June series so far. intraday commodity charts commodities trading software

MCX SILVERM August contract was trading at Rs 44090 down Rs 184, or 0.42 percent. The MCX SILVERM rate touched an intraday high of Rs 44280 and an intraday low of Rs 44028. So far 904 contracts have been traded. SILVERM prices have moved down Rs 13072, or 22.87 percent in the August series so far. commodities trading software mcx real time charting software

MCX SILVERM November contract was trading at Rs 45150 down Rs 148, or 0.33 percent. The SILVERM rate touched an intraday high of Rs 45786 and an intraday low of Rs 45100. So far 32 contracts have been traded. SILVERM prices have moved down Rs 656, or 1.43 percent in the November series so far.

Source : .Money Control

GOLDGUINEA prices decline marginally on MCX

MCX GOLDGUINEA August contract was trading at Rs 22322 down Rs 49, or 0.22 percent. The GOLDGUINEA rate touched an intraday high of Rs 22357 and an intraday low of Rs 22252. MCX GOLDGUINEA June contract was trading at Rs 22150 per 10 gram down Rs 76, or 0.34 percent. The GOLDGUINEA rate touched an intraday high of Rs 22190 and an intraday low of Rs 22096. So far 3620 contracts have been traded. GOLDGUINEA prices have moved down Rs 2051, or 8.47 percent in the June series so far. Mcx Commodity trading software india free download.

MCX GOLDGUINEA July contract was trading at Rs 22221 down Rs 69, or 0.31 percent. The GOLDGUINEA rate touched an intraday high of Rs 22269 and an intraday low of Rs 22140. So far 552 contracts have been traded. GOLDGUINEA prices have moved up Rs 740, or 3.44 percent in the July series so far. commodity charts mcx commodity trading in india.
MCX GOLDGUINEA August contract was trading at Rs 22322 down Rs 49, or 0.22 percent. The GOLDGUINEA rate touched an intraday high of Rs 22357 and an intraday low of Rs 22252. So far 160 contracts have been traded. GOLDGUINEA prices have moved up Rs 616, or 2.84 percent in the August series so far.

Source : .Money Control

Buy MCX Crude oil; target Rs 5250: Dani Commodities

Dani Commodities has come out with its report on energy and metals. According to the research firm, one can buy MCX Crude oil at Rs 5220 with a stop loss of Rs 5200 for the price target of Rs 5250. Dani Commodities' report on commodities - Crudeoil futures tumbled below USD 96 a barrel in the Asia electronic session today as the US dollar gained ground ahead of the release of monthly U.S. retail-sales data. Crude oil for June delivery declined 72 cents, or 0.8 percent, to USD 95.32 a barrel during Asian hours on the New York Mercantile Exchange. The contract on Friday fell 35 cents, or 0.4 percent, as the U.S. dollar rose, though oil recovered from levels below USD 94 a barrel to end back above USD96. Mcx Intraday Technical Analysis Software Mcx Charting Software

The dollar was extending gains against major rivals Monday, with Japan's currency falling below the 102-yen level and the Australian dollar trading below parity. The ICE dollar index , which measures the U.S. dollar's moves against six other major currencies, rose to 83.268, up from 83.132 late Friday in North America. The moves came as the U.S. Federal Reserve had reportedly sketched out a plan for winding down its stimulus program of buying USD 85 billion in bonds each month. Oil prices and the dollar may react later Monday to the U.S. Commerce Department's report on retail sales for April, as the report could give signs about the outlook for oil demand. On Friday, the Organization of the Petroleum Exporting Countries said demand grew less than expected in the first quarter of 2013, but it left its overall forecast unchanged at a rise of 800,000 barrels a day. OPEC, in a monthly report ahead of its May 31 summit, still expects consumption will increase in the second half of this year.

MCX CRUDEOIL

International: Major Support for WTI at USD88 Bullish above USD 91

Domestic: Buy at 5220, Stoploss 5200, Target 5250.

MCX GOLD

International: Major Support at USD1400. Bearish below USD1400.

Domestic: Buy at 26770, Stoploss 26700, Target 26870.

MCX SILVER

International: Major Support at USD24. Bearish below USD24.

Domestic: Buy at 44900, Stoploss 44700, Target 45200.

MCX COPPER

Domestic: Buy at 408, Stoploss 406, Target 410.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in are their own, and not that of the website or its management. http://vogazsahota.blogspot.in advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Buy MCX Gold at Rs 28070; target Rs 28190: Dani Commodities

Dani Commodities has come out with its report on commodities. According to the research firm, Gold for August delivery is trading down USD 3.2 at USD 1382.8 per ounce on the New York Mercantile Exchange. One can buy MCX Gold at Rs 28070 with a stoploss of Rs 28000 for target of Rs 28190. Dani Commodities' report on commodities: Gold futures slipped in the electronic session today, with the Asia equities trading mostly lower after Bank of Japan held its asset-buying and other policy elements unchanged and upped the economic outlook. Real timeTechnical Analysis Software Commodity Charting Software
The policy announcement sent the yen rising and pushed stock futures lower. The central bank said "Japan's economy has been picking up" and "exports have started picking up," after saying at its last meeting on May 22 that the economy "has started picking up" and "exports have stopped decreasing." It also said "some indicators suggest a rise in inflation expectations."Australia resumed trading after closing on Monday for a public holiday, getting its first chance to react to the events that influenced the previous session - namely, last week’s forecast-beating U.S. nonfarm payrolls data and disappointing Chinese economic data that came out over the weekend. Markets in mainland China remained closed for a three-day public holiday, though Chinese companies listed in Hong Kong remained weighed by the poor economic data out over the weekend. The Hang Seng China Enterprises Index was down 0.5 percent and the Hang Seng Index was off 0.5 percent.
Gold for August delivery is trading down USD 3.2 at USD 1382.8 per ounce on the New York Mercantile Exchange. It ended with a gain of USD 3 an ounce, or 0.2 percent, at USD 1,386 yesterday.

MCX GOLD

International: Major Support at USD1400. Bearish below USD1400.

Domestic: Buy at Rs 28070, Stoploss Rs 28000, Target Rs 28190.

MCX SILVER

International: Major Support at USD24. Bearish below USD24.

Domestic: Buy at Rs 44050, Stoploss Rs 43750, Target Rs 44400.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in are their own, and not that of the website or its management. http://vogazsahota.blogspot.in advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Gold up on rupee; physical market muted

 Gold futures edged higher on Monday, after the rupee hit a record low, while physical trading remained muted due to seasonal slackness amid lack of supplies after a ban on consignment imports.  At 0833 GMT, the most-active gold for August delivery on the Multi Commodity Exchange (MCX) was 0.11 percent higher at 27,609 rupees per 10 grams.  The Indian rupee hit a record low, escalating worries about the country's current account deficit and complicating the task of the central bank as it tries to loosen monetary conditions to spur an economic recovery.  The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal. Real time Commodity Technical Analysis Software Charting Software

 However, weakness in global gold kept the gains in check.  "Nobody has stocks, people are not importing and there is no demand due to rains," said Ketan Shroff, director with Penta Gold, a wholesaler in Mumbai.  The Indian government raised the import duty on gold to 8 percent, after a ban on consignment imports by banks, state-run and premier trading houses.  India's festival and wedding season has ended and will re-start in August. Silver for July delivery on the MCX was 0.47 percent lower at 42,790 rupees per kilogram.

Source : Economic Times

Expect Aluminium to fall towards Rs 106: Sharekhan

Sharekhan has come out with its report on base metal. According to the research firm, Mcx Aluminium is expected to fall towards 106. However, if the level of Rs 112.20 is crossed, the metal can stretch till the level of Rs 115 Aluminium reaching key hurdles: Commodity TechnicalAnalysis Software Commodity Charting Software

The chart shows the price movement of MCX Aluminium. MCXAluminium has been trading in a medium-term downward sloping channel. Recently, it had fallen from the upper channel line towards the lower line and bounced thereon. The daily momentum indicator that was showing a positive divergence entered a bullish mode. As a result, the base metal has moved up significantly. It has crossed its key daily moving averages and 61.8 percent of the previous fall. It has reached near the 78.6 percent retracement mark (112.20) from where the base metal is expected to cool off. The daily momentum indicator has been stretched to an overbought territory. Thus, unless the base metal crosses 112.20 on a closing basis, it is expected to fall towards 106. However, if the level of 112.20 is crossed, Mcx aluminium can stretch till 115, ie the upper channel line.

Source : .Money Control

Gold prices decline marginally; August contract down 0.4%

MCX GOLD October contract was trading at Rs 27999 down Rs 86, or 0.31 percent. The GOLD rate touched an intraday high of Rs 28025 and an intraday low of Rs 27938. MCXGOLD August contract was trading at Rs 27788 per 10 gram, down Rs 104, or 0.37 percent. The GOLD rate touched an intraday high of Rs 27863 and an intraday low of Rs 27743. So far 3706 contracts have been traded. GOLD prices have moved down Rs 4439, or 13.77 percent in the August series so far. Best charting software in India

MCX GOLD October contract was trading at Rs 27999 down Rs 86, or 0.31 percent. The MCX GOLD rate touched an intraday high of Rs 28025 and an intraday low of Rs 27938. So far 129 contracts have been traded. GOLD prices have moved down Rs 3851, or 12.09 percent in the October series so far.

Source : .Money Control

Silver prices slip on MCX, July contract dips 0.3%

MCX SILVER September contract was trading at Rs 44060 down Rs 167, or 0.38 percent. TheSILVER rate touched an intraday high of Rs 44304 and an intraday low of Rs 44040. MCX SILVER July contract was trading at Rs 43478 per kg, down Rs 133, or 0.30 percent. The SILVER rate touched an intraday high of Rs 43705 and an intraday low of Rs 43420. So far 3401 contracts have been traded. SILVER prices have moved down Rs 21532, or 33.12 percent in the July series so far. Commodity buy sell signal software 

MCX SILVER September contract was trading at Rs 44060 down Rs 167, or 0.38 percent. The SILVER rate touched an intraday high of Rs 44304 and an intraday low of Rs 44040. So far 118 contracts have been traded. SILVER prices have moved down Rs 13259, or 23.13 percent in the September series so far.

Source : .Money Control

Sell Turmeric below Rs 5600: Geojit Comtrade

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Maize below Rs 1375, Turmeric below Rs 5600 and buy Mentha oil above Rs 962 in its report dated June 04, 2013. Geojit Comtrade's report on agricultural commodities Turmeric June NCDEX: 5600 is the key support, which if breaks could call for selloff immediately to 5450 levels. Or else expects short covering rallies. Maize June NCDEX: If prices broke the support of 1375 could enable long liquidations towards 1350/1320 levels in the near term. Ncdex Technical Analysis Software Ncdex Charting Software

Mentha oil June MCX: After reversing its previous day’s losses prices skyrocketed and finally closed at 959 levels. If prices break the descending trend line resistance of 962 with streaming volume, could see prices to trade higher towards 975 followed by 980/990 levels for the day. Daily RSI (14) seems more supportive for the bullish view. On the other side, any break below 950 could minimize bullish steam in the short run. Cardamom June MCX prices witnessed a higher level liquidation and settled the day at 706.90. As prices trading below the strong support of 718, expect to continue the selling pressure towards 700 followed by 680 levels during the day. However, if unable to break below 700 would see bounce back towards 730 regions. Strong upside rallies would be visible only on a close above 750.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in are their own, and not that of the website or its management. http://vogazsahota.blogspot.in advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Sell Turmeric on pullbacks: Geojit Comtrade

Geojit Comtrade has come out with its report on agriculturalcommodities. The research firm has recommended to buy Soybean, Chilli on dip and sell Turmeric on pullbacks in its report dated June 10, 2013. Geojit Comtrade's report on agricultural commodities

Soybean July NCDEX: Consistent trades above 3750 could see upside rallies towards 3815/3850 levels.
Chilli Jul NCDEX: As prices are able to withstand the support of 5900, expect to continue the current buying momentum towards 6060 followed by 6132/6250 levels for the day.
Turmeric July NCDEX: Consistent trades below 5550 would continue present selling momentum towards 5230 levels. MCX Technical Analysis Software 

Cardamom July MCX : Cardamom witnessed a bounce back from the support of 705 and closed the day at 729.50. If prices are able to hold the support of 705, could see respire rally towards 730 followed by 750 levels. The daily RSI is also supporting mild positive sentiments but it requires breaking and sustaining above 760 for the immediate trend reversal. On the lower side, break below 705 could drag the prices lower to 680. MCX Charting Software

Dhaniya July NCDEX: Prices slumped yesterday from a high of 6850 and finally closed at 6591 levels. A minor support is seen at 6580, break below the same with streaming volume is likely to witness continuation of selling pressure towards 6440 followed by 6400/6320 levels. On the other side, unable to do so could see profit booking towards 6690 levels during the day.

Strategy: Buy Soybean, Chilli on dip and sell Turmeric on pullbacks.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in are their own, and not that of the website or its management. http://vogazsahota.blogspot.in advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Sensex falls 300 points, Nifty breaches 5,800

The Nifty extended intraday losses, breached 200-DMA support and fell below 5,800 on Tuesday as institutional investors booked profits on the back of depreciating rupee and weak global cues.  There are also concerns whether the Reserve Bank of India will cut interest rates when it meets next week.  According to analysts, the market momentum is on the downside and more sharp correction with intermediate upmoves are not ruled out.  "The rupee was threatening to go down earlier when Nifty was around 6,150-6,200 and when it started correcting, there was withdrawal of funds first from the fixed-income market and now in last few trading sessions, we are also seeing the pace of infusion of funds by the FIIs also slowed down. In fact, yesterday, inflows were negative," said Deven Choksey, MD, KR Choksey Securities.  Real time intraday Technical Analysis Software Charting Software

 "We are going to see the eventual downturn in the market. Probably one would not see a straight fall but one might probably see some corrective upsides also during this particular fall but market. The Nifty might trend downwards to around 5,750 and if it is taken out, then we might see it correct to 5,500 levels," Choksey added.  The rupee has been under pressure on the back of demand for the US dollar on expectations of improving US economy and tapering of QE program.  The partially convertible rupee was trading at all-time low of 58.94 down 79 paise per dollar. It had closed at 58.14, an all-time closing low against the dollar on Monday.  At 12:00 p.m.; the 50-share index was at 5,785.35, down 92.65 points or 1.58 per cent. It touched a high of 5,868.05 and a low of 5,782.90 in trade today.  The Sensex was at 19,130.77, down 310.30 points or 1.60 per cent. It touched a high of 19,418.74 and a low of 19,121.18 in trade today.  The S&P BSE Midcap Index fell 1.90 per cent and the S&P BSE Smallcap Index was 1.98 per cent lower.  The S&P BSE Metal Index fell 4.81 per cent, the S&P BSE Realty Index was 4.11 per cent lower, the S&P BSE Power Index was down 2.27 per cent and the S&P BSE Bankex declined 2.08 per cent.

Jindal Steel BSE -15.18 % (18.52 per cent), Hindalco (5.47 per cent), DLF (5.26 per cent), Tata Power BSE -5.87 % (4.56 per cent) and Tata Steel BSE -3.06 % (4.25 per cent) were among the top Nifty losers.  HCL Tech (1.30 per cent), GAIL (0.71 per cent), Cipla (0.59 per cent), Kotak Bank (0.58 per cent) and Hero MotoCorp BSE -0.18 % (0.54 per cent) were among the top gainers.  The market breadth was negative on the NSE with 187 gainers against 1,082 losers.  Foreign institutional investors sold shares worth Rs 114 crore and domestic institutional investors sold equities worth Rs 69.75 crore on Monday as per the provisional data from the National StockExchange.

Source : Economic Times

Buy MCX Mentha oil June; target Rs 1040: Angel Commodities

According to Angel Commodities one can buy MCX Mentha oil June contact between Rs 988-998 with a stop loss of Rs 960 for price target of Rs 1040. Angel Commodities' special technical report on MCX Mentha oil. MCXMentha Oil June contract is trading in a positive trend from last 7 days and today it has breached the “Inverse Head and Shoulder Pattern” coupled with “Rising volumes” which indicates optimism. Prices are trading above its 5 Day, 20 Day and 50 Day EMA (Exponential Moving Average) and in addition 5 day

EMA crossover the 20 Day EMA & 50 Day EMA, which also signals positivity. On the oscillator front, RSI is rising and MACD crossover showing positive divergence which indicates bullishness. MCX Mentha Oil can find support around 990 levels and below that strong support is seen at 960 levels. Resistance is seen at 1040 levels and above that at 1100 levels. Looking at Inverse Head and Shoulder breakout with rising volumes coupled with oscillators supporting bullishness, we recommend Buy in MCX Mentha Oil June contract.

Positional call (2-3 Days) - Buy MCX Mentha oil June between Rs 988 - Rs 998, SL Rs 960, Target Rs 1040 (CMP 998)

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.inare their own, and not that of the website or its management. http://vogazsahota.blogspot.inadvises users to check with certified experts before taking any investment decisions.

Source : .Money Control

Mentha oil futures up on strong demand

Mentha oil continues its upward journey for the fourth day today with prices rising by Rs 10.30 to Rs 984 per kg in futures trade as traders engaged in creating positions supported by strong demand at spot market from consuming industries.  Lower arrivals from Chandausi in Uttar Pradesh also influenced prices.  At the Multi Commodity Exchange (MCX), mentha oil for delivery in June rose by Rs 10.30, or 1.05 per cent, to Rs 984 per kg, with a trading volume of 509 lots.  The prices for delivery in July also rose by Rs 8.30, or 0.84 per cent, to Rs 986.50 per kg, with a business turnover of 116 lots.  Marketmen said besides restricted arrivals, a firming trend at the spot markets on firm industrial and export demand, mainly influenced mentha oil prices at futures trade here.
Source : Economic Times

Sell MCX Gold Aug fut; target Rs 27800: Fortune Financial

Fortune Financial Services has come out with its technical report on bullion. According to the research firm, MCX Gold Aug futures contract trend is looking weak on chart, day traders can sell on rise or sell at Rs 28000 Target Rs 27800 & Rs 27600 SL above Rs 28200.

Fortune Financial Services' technical report on bullion -Bullion MCX gold up as rupee hits all-time low, Despite the fall in COMEX futures, gold futures on MCX were trading higher today as the rupee fell to a record low against the Dollar. The rupee fell over 1 percent today and touched an all time low of 57.7950 against the dollar Gold futures on COMEX were trading lower today as the dollar firmed up against the euro following better-than expected US jobs data Friday.
Energy Crude oil futures on MCX traded higher today due to the steep fall in the rupee against the dollar, however, the fall in New York Mercantile Exchange contracts limited the rise. NYMEX oil futures traded lower today due to the dollar gaining strength in early trade against the euro and a fall in China's crude oil imports.

 Metals Base metal futures erased early losses on MCX today as the rupee depreciated sharply against the dollar, The rupee fell sharply to touch an alltime low of 58.15 per dollar.LME base metals traded lower following slowdown in industrial production growth in China in May. Participation in base metals' trade remained low because Chinese markets were closed on account of a public holiday. MCX Gold Aug futures contract trend is looking weak on chart, day traders can sell on rise Major support is seen in range of Rs 27770, Rs 27580 and Rs 27400. While important resistance is seen near Rs 28180, Rs 28360 and Rs 28600. Recommendation - Day traders can sell at Rs 28000 Target Rs 27800 & Rs 27600 SL above Rs 28200

MCX Silver July futures contract is looking weak on chart, day traders can sell on rise Major support is seen in range of Rs 43650, Rs 43100 and Rs 42700. While important resistance is seen near Rs 44350, Rs 44750 and Rs 45150 Recommendation - Day traders can sell at Rs 44350 Target Rs 43700 & Rs 43200 SL above Rs 44900.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on http://vogazsahota.blogspot.in/are their own, and not that of the website or its management. http://vogazsahota.blogspot.in/advises users to check with certified experts before taking any investment decisions.

Source : .Money Control

MCX gold October contract gains 0.44%

MCX GOLD August contract was trading at Rs 27707 per 10 gram, up Rs 127, or 0.46 percent. The GOLD rate touched an intraday high of Rs 27784 and an intraday low of Rs 27617. So far 6057 contracts have been traded. GOLD prices have moved down Rs 4520, or 14.03 percent in the August series so far. MCX GOLD October contract was trading at Rs 27892 up Rs 122, or 0.44 percent. The GOLD rate touched an intraday high of Rs 27970 and an intraday low of Rs 27793. So far 246 contracts have been traded. GOLD prices have moved down Rs 3958, or 12.43 percent in the October series so far.

MCX GOLD December contract was trading at Rs 28080 up Rs 131, or 0.47 percent. The GOLD rate touched an intraday high of Rs 28121 and an intraday low of Rs 28049. So far 18 contracts have been traded. GOLD prices have moved down Rs 2860, or 9.24 percent in the December series so far.

Source : .Money Control

Silver prices on MCX trade higher

Silver prices on MCX are trading higher on Monday. MCXSILVER September contract was trading at Rs 43800 up Rs 162, or 0.37 percent. MCX SILVER July contract was trading at Rs 43152 per kg, up Rs 162, or 0.38 percent. The SILVER rate touched an intraday high of Rs 43471 and an intraday low of Rs 43050. So far 7819 contracts have been traded. SILVER prices have moved down Rs 21858, or 33.62 percent in the July series so far.

MCX SILVER September contract was trading at Rs 43800 up Rs 162, or 0.37 percent. The SILVER rate touched an intraday high of Rs 44116 and an intraday low of Rs 43712. So far 335 contracts have been traded. SILVER prices have moved down Rs 13519, or 23.59 percent in the September series so far. MCX SILVER December contract was trading at Rs 44777 up Rs 80, or 0.18 percent. The SILVER rate touched an intraday high of Rs 45062 and an intraday low of Rs 44777. So far 4 contracts have been traded. SILVER prices have moved down Rs 2392, or 5.07 percent in the December series so far.

Source : .Money Control

MCX-SX's debt segment to go live on Monday

The country's newest stock exchange, MCX-SX, will commence live trading on its dedicated debt- trading platform from tomorrow. The debt segment was launched by MCX-SX on Friday when its equity segment daily turnover crossed Rs 1,000 crore milestone, while turnover of its flagship stock index 'SX40' crossed Rs 500 crore mark. The country's largest stock exchange NSE recently launched its dedicated debt platform, while BSE has also got an approval from Sebi for this segment. MCX-SX's debt segment would go live from Monday, June 10, 2013. The new dedicated segment would facilitate trading and settlement in all debt securities on a single platform, in line with the mechanism in place globally in the fixed income markets.

MCX-SX would offer retail and institutional market for the debt segment in line with regulator Securities and Exchange Board of India (Sebi) guidelines and the market timings would be from 9 am to 5 pm. The exchange received permission from Sebi to deal in equity and equity futures & options, interest rate futures and wholesale debt segments in July 2012. Consequently, it conducted a membership drive in September-October 2012 and finalised the necessary infrastructure, systems and procedures to begin trading. It launched equity and derivatives trading in February 2013, followed by commencement of derivatives trading in flagship index SX40 in April. The live trading of SX-40 began in May. It also started listing service and conducted first IPO with Just Dial offering last month. It has also got in-principle approval from Sebi for a dedicated SME platform, while the average daily turnover of the exchange has also increased substantially from Rs 11 crore in February to Rs 678 crore in May and to over Rs 1,000 crore so far in the current month.

Source : Economic Times

MCX rallies 4% on launch of debt-trading platform

Multi Commodity Exchange Ltd (MCX) surged nearly 4 per cent in morning trade on Monday, after the country's newest stock exchange, MCX-SX, will commence live trading on its dedicated debt- trading platform from today.   At 09:45 a.m.; MCX was trading 3.1 per cent higher at Rs 908. It hit a high of Rs 913.75 and a low of Rs 886 in trade today.  The debt segment was launched by MCX-SX on Friday when its equity segment daily turnover crossed Rs 1,000 crore milestone, while turnover of its flagship stock index 'SX40' crossed Rs 500 crore mark.

 MCX-SX's debt segment will go live on Monday, would facilitate trading and settlement in all debt securities on a single platform, in line with the mechanism in place globally in the fixed income markets. "The exchange received permission from Sebi to deal in equity and equity futures & options, interest rate futures and wholesale debt segments in July 2012," PTI said in a report.  "Consequently, it conducted a membership drive in September-October 2012 and finalised the necessary infrastructure, systems and procedures to begin trading," added the report.

Source : Economic Times

Crude oil down 0.1% on weak Asian cues

Crude oil futures prices today fell by 0.17% to Rs 5,395 per barrel, after speculators reduced exposures amid weak trend in Asian trade. At the Multi Commodity Exchange, MCX crude oil for delivery in June fell by Rs 9, or 0.17%, to Rs 5,395 per barrel in 7,142 lots. Crude oil for the July delivery moved down by Rs 7, or 0.13%, to Rs 5,426 per barrel in a turnover of 1,061 lots.

The trading sentiment weakened at futures trade as crude prices declined in Asian trade as dealers await the release of crucial US jobs data later in the day, analysts said. Meanwhile, crude oil for the July delivery dropped five cents to $94.71 a barrel on the New York Mercantile Exchange.

Source : Business-Standard

Copper up 0.3% on spot demand, global cues

Copper for delivery in August traded higher by 0.2%. Copper prices up by 0.34% to Rs 418.30 per kg in futures trade today as speculators enlarged positions driven by pick up in spot demand and a firming global trend. At the Multi Commodity Exchange, MCX copper for delivery in June edged up by Rs 1.40, or 0.34%, to Rs 418.30 per kg in business turnover of 4,793 lots.  Likewise, copper for delivery in August traded higher by Rs 1.15, or 0.27%, to Rs 423.60 per kg in 366 lots.

Market analysts attributed the rise in copper futures to firm global trend amid growing concerns that a shutdown of the world's second-biggest mine will curb supplies and a weakening dollar may boost the appeal of metals as an alternative investment. Also, pick up in demand in the spot market further fuelled the uptrend, they said. Meanwhile, copper rose 0.6% to $7,376 a tonne on the London Metal Exchange.

Source : Business-Standard