06/09/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
06/09/2017
Crude oil futures surge as Gulf Coast refineries resume operations: Crude oil futures extended their gains and surged on Tuesday, as Gulf Coast refineries resumed operations, following the disruptions caused by Hurricane Harvey last week. Prices were supported by a stronger dollar and concerns about rigs in the Gulf of Mexico. Just a week after Hurricane Harvey, Hurricane Irma is bearing down on Caribbean islands and may be heading for the Gulf of Mexico as a category 4 or 5 storm.
Copper futures extend gains on Tuesday: Copper futures extended gains on Tuesday as investors’ optimism on the Chinese economy lifted the base metal to fresh three-year highs. Copper improved further after the world's number one producer of the metal, Chile's Codelco, on Tuesday said first half production from its eight copper operations fell by 5.3% to 798kt from 843kt during the first six months of 2016.
Gold futures end higher on Tuesday: Gold futures ended higher on Tuesday as the US dollar eased by a Federal Reserve official's comments about low US inflation, hit a one-week low against the Japanese yen and was on track for its biggest decline in eight days against a basket of currencies. Yellow metal prices further improved as the safe-haven buying demand remained robust due to continued concerns over North Korea's nuclear tests.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
06/09/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - UP RESISTANCE: - 30350, 30450. SUPPORT: - 30150, 30000. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
Gold futures for December delivery gained $14.10, or 1.1 percent, to settle at $1,344.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.6 percent at $1,341.86 an ounce. On MCX gold prices were down initially and resume in second half given closed 30223, during this movement made a high of Rs 30243 per 10 gram, and made a low of Rs 29955, which are acting as resistance and support respectively.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
06/09/2017
SILVER
OUTLOOK: TREND: - UP RESISTANCE: - 41550, 41700. SUPPORT: - 41200, 41000. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK The Prices of silver were gained on Tuesday. And at end of the day the prices were settled at 41421 per 30 kilogram. On the higher side Rs 41650 per 30 kilogram as resistances were noted while lows were at Rs 41236 per 30 kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
06/09/2017
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 449.50,453. SUPPORT: -445.50, 443. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK The performance of Non Ferrous Metals in August was outstanding. Copper maintained winning streak with prices rising for eight month in a row. Copper was up 44% on a y-o-y basis by August end and was up 4.4 percent since the start of August. Copper, used in manufacturing and construction, has been rising on momentum and bullishness for the global economy. The other metals have followed the trend. India a potential consumer and producer of non ferrous metals is exploring opportunities to modernize its mining space. Australian Mining Equipment Technologies and Solutions (METS) team is working to improve the productivity and modernization of Indian mining sector. India per capita production is still quite low compared to global average. Mining equipment, technology and services are designed to ensure that mines are productive, achieve high environmental standards.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
06/09/2017
CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3160, 3190. SUPPORT: - 3100, 3170. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK WTI Crude oil futures edged up to a high near $48 per barrel today as supportive equities in Europe boosted sentiments. The commodity has been on a recovery trail after testing a five week low and strong equities have been pushing the futures up this week. The counter currently trades at $47.89 per barrel, up 1.27% on the day. MCX Crude oil futures also rose near Rs 3100 per barrel and currently trade at Rs 3071 per barrel, up 0.72% on the day.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
06/09/2017
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
06/09/2017
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