28/08/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
Crude oil futures end higher on Friday: Crude oil futures once again moved higher on Friday, despite fears that Hurricane Harvey could disrupt refinery activity, reducing demand for crude oil. The government weather agencies said Harvey became a Category 2 storm as it crossed the Gulf of Mexico with winds of 110 mph (175 kph), 145 miles (235 km) off Port O'Connor, Texas. Traders also got some support with oilfield services firm Baker Hughes report, which said its weekly count of oil rigs operating in the United States fell by four to a total of 759 this week.
Copper futures trade higher on MCX: Copper futures traded higher on MCX as speculators raised bets following a firm trend on increasing demand at the domestic spot markets.
Gold futures edge higher on Monday: Gold futures edged higher on Monday as investors noted the weaker dollar as central bank chiefs in Wyoming dodged policy discussions and the impact of Hurricane Harvey on the US growth outlook was under review. In the week ahead, Friday’s US jobs report for August is in focus to gauge how it will impact on the path of Fed policy. Traders will also be closely watching a revised reading of US second quarter growth.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - UP RESISTANCE: - 29300, 29400. SUPPORT: - 29100, 29000. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
COMEX Gold rose Friday, extending weekly gains after downbeat economic data. The metal added 0.5%, to settle at $1,297.90 per ounce, the highest in two months. US stocks were steady on Friday. Janet Yellen, the US Federal Reserve chair delivered a cautious speech that offered little in the way of fresh information about the outlook for monetary policy. This should keep the metal afloat in near term as weakness in US dollar has always been a very positive factor for Gold. MCX Gold closed around Rs 29160 per 10 grams, up 0.22% on the day.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
SILVER
OUTLOOK: TREND: - UP RESISTANCE: - 39300, 39500. SUPPORT: - 38900, 38700. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK The Prices of silver were moderate gained on Friday. And at end of the day the prices were settled at 39012 per 30 kilogram. On the higher side Rs 39288 per 30 kilogram as resistances were noted while lows were at Rs 38313 per 30 kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 430,432.50. SUPPORT: -426, 423.50. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK nternational Copper Study Group (ICSG) mentioned in a latest update that world copper mine production is estimated to have declined 3% in the first five months of 2017. World refined copper balance for the first five months of 2017 indicates a surplus of around 15000 tonnes. The decline in world mine production was mainly due to: A 10% (220,000 t Cu) decline in production in Chile, the world's biggest copper mine producing country, negatively affected by the strike at Escondida mine and lower output from Codelco mines. A decline in Canada and Mongolia concentrates production of 20% and 21%, respectively, mainly due to lower grades in planned mining sequencing.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3090, 3120. SUPPORT: - 3030, 3000. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK Crude oil futures were higher Friday on extended buying support following an extremely weak undertone in the US dollar and steady cues from equities. Falling US inventories and generally supportive commodity prices have pushed oil up in last few days. WTI Crude added around 1% on Friday but slipped slightly in Asia today as traders focused on after effects of the devastating Hurricane Harvey. The hurricane has hit Texas, the refinery hub of the US, stoking fears of an uptick in crude supplies as refineries are expected to shut down operations. WTI Crude is currently trading down 0.38% at $47.69 per barrel. MCX Crude should see a mixed opening on these cues. The counter ended up 0.62% at Rs 3060 per barrel in the last session.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Trade India Research Recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Trade India Research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Trade India Research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
28/08/2017
All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not Touch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Trade India Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801