Jeera May NCDEX: Jeera prices afloat higher and yesterday closed positively at 18840 levels. In the hourly chart, prices are trading well above long run ascending trend line support of 18050, could see buying momentum towards 18900 followed by 19200 levels in the near term. Conversely, the daily RSI (14) is still treading within the overbought zone, which suggests a cautious approach while taking any long positions. Hence, profit booking cannot be ruled out towards 18200 and long liquidations starts when prices break the support of 17800 levels.
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Crude Oil prices are Increased tension in the Middle East
On Wednesday, crude oil prices are the main reasons of speeding a Middle East tension as well. In fact continues in Yemen ladai. Led by Saudi Arabia in Yemen run military campaign in the southern city of Aden attacks on insurgents have bases. On the other hand this night rebels killed seven people in the news.
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MCX Gold rose by 0.4% to close at 27190. Gold is expected to trade higher taking cues from international markets. MCX Gold trading Sideways to Bullish, Support at 27036-26640, Resistance at 27278-27608, Buy on low Suggested. while, MCX Silver Trading Sideways to Bullish, Support at 37600-36474, Resistance at 38303-39286, Buy on low Suggested by Experts
In volatile trading, the Nifty index today failed to sustain initial gains and ended almost flat on caution ahead of expiry of monthly derivative contracts and much-awaited Union Budget. Nifty moved up by 5 points to finish at 8767 after hitting the day's high of 8840.
Thursday will see markets reacting to the Railway Budget as well as portfolio churning by investors as monthly derivative contracts expire
U.S. stocks retreated to one-month lows on the back of a surge in the U.S. dollar and some weakness in oil. DJIA was down 332.8 points or -1.8% at 17662.9. Asian stocks are trading mixed as markets awaited more data that could shed light on the state of China's economy. Nikkei 225 is trading up 92.4 points or 0.5% at 18757.6, while Hang Seng is trading down 69.5 points or -0.3% at 23827.5. Indian rupee weakened to close at 62.7800 against USD.
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Copper prices have retraced from its early morning highs at 387 levels. Major support for the counter is seen around 382 levels and prices will find buying on corrective moves until this support is not broken decisively. A close below 382 will see prices move lower towards 378/376.50 areas again. Traders holding long positions should maintain the same with a stop loss placed below 382 levels.
The markets opened in the negative territory today. At present, both the indices are trading very flat with the Sensex down 11 points at 15959 and Nifty down by 3 points at 4775. Banking stocks were under selling pressure, falling nearly 0.5 per cent. Auto and FMCG stocks also traded lower. Capital goods stocks extended gains. Energy and IT stocks also saw 0.5-1 per cent gains.
The Indian stock market has corrected enough over the past few weeks and the thesis remains that local equities are in a sustainable long-term run, as compared to countries like China where shares have seen a 'poor quality' rally, said Samir Arora of Singapore-based Helios Capital. Arora has upped the net exposure of his long-short hedge fund by 5-7 percent...
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Indian benchmark indices snapped their seven-day losing streak, amid a volatile trading session, with bank and auto shares leading the gains. Market breadth was marginally weak with 1,400 losers and 1,330 gainers on the BSE. Sensex was up 128.2 points or 0.5% at 28355.6, while Nifty was up 39.2 points or 0.5% at 8565.6...
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Positive side from data though, Unemployment rate increased and also labour force participation inched tad higher. That is the reason which kept Gold and Silver in a band for the day and whole of last week with mercurial movement seen higher within that band. Today morning, we are seeing Gold largely flat to negative as Asian equities move higher tracking US and also backed by another Chinese rate cut. With markets not having any major data today, likely that movement in Bullion would be restricted. While bias stays on negative side, we advice traders taking momentary shorts in Gold for small TGT's.
Taking cues from overseas markets, gold futures prices today fell 0.22 percent to Rs 27,120 per 10 grammes as speculators offloaded their positions. At the Multi Commodity Exchange, gold prices for delivery in far-month August shed Rs 59, or 0.22 percent , to Rs 27,120 per 10 gm in business turnover of seven lots. Also, metal prices for delivery in June declined by Rs 54, or 0.20 percent , to Rs 26,880 per ten gm in 292 lots. Analysts said the fall in gold futures was attributed to trimming of positions by speculators, tracking with trend overseas after data on US jobless claims showed an improving labour market ahead of the release of non-farm payroll figures for April, boosting speculation that interest rates will rise this year.
Stock market investment can help you get better benefit if you try it in a proper way. Before you do stock market investment, get some ideas from reliable sources on stock market. For more on Stock Market Investment please log on to http://www.tradegreeks.com
Stock market investing is a process of investing money from where you can get innumerable profit. But it requires a lot of skills and study on the mater. There is profit in the stock market investing and to get it you try with a small amount that to after a period of noticing and studying everything.