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Just a year after he unleashed a flood of dollars in a bid to prevent a second Great Depression, Bernanke's job is on the line. More than a dozen senators have said they will oppose his reappointment after his first term ends on Jan. 31. The rest of the vote counting is still in question.
Gold prices had been pressured this month as investors who held winning bets cashed out on the likelihood that 2013 will bring higher U.S. taxes on investment income. Others exited the market on the chance that the fiscal cliff's arrival would push the U.S. into recession and limit the chance of inflation. For More Please Visit here- http://commodity-intraday.blogspot.com
Copper futures declined to their lowest price in almost 2-weeks on signs of lackluster physical demand for the metal and speculation that rising Chinese inflation would limit economic stimulus.
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MCX Tips For Today, MCX Trend For Bullions and Copper Updates Get all these for 14th Jan here- http://commodity-intraday.blogspot.com
NCDEX Spices Report:
Most jeera contracts on the National Commodity & Derivatives Exchange ended down over 1% as commencement of new crop arrivals weighed on the sentiment, while pepper futures gained support from tight supply in local market amid good winter demand. In key Unjha market, exchange-deliverable quality jeera quoted 13,900 rupees per 100 kg, down 100 rupees from Wednesday. Expectations of higher output in leading producer Gujarat are likely to weigh on jeera prices in the near term. Coriander futures ended lower due to thin demand from stockists and profit booking at higher price levels, analysts said. In the near term, however, coriander prices are seen firm due to expectations of a steep decline in output in Rajasthan, the largest producer of the spice in the country...
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JEERA (JAN)
TREND Consolidate
RESISTANCE 2 16540
RESISTANCE 1 16220
SUPPORT 1 15600
SUPPORT 2 15280
STRATEGY Sell on higher Levels........
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NCDEX Pepper (Feb)
Pepper is trading between 30450-30000 levels in its last trading session. Now it has resistance level of 30700 and a support level of 29000....
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Mentha oil trading firm and eyeing for 2,000 level soon on the heels of strong stockiest demand against diminutive arrivals in major mandies, we have seen Mentha oil gaining almost 28.04% (Rs.1,322.00 as on Jan.01, 2012, today`s high is Rs.1,837.10). Good demand from the International markets and the domestic pharmaceutical Industries was noted. As per market sources.....
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Bank nifty futures tips & updates for today, the S&P BSE Sensex surged more than 100 pts in morning trade, led by gains in HDFC, ICICI Bank,Tata Motors, L&T, Sun Pharma, and RIL.
Nifty futures updates : Today, Sensex was trading near 25,713, went up by 90 points or 0.35 per-cent. It attained a high of 25,766.76 & a low of 25,697.22 in early morning trade.