01/09/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
01/09/2017
Crude oil futures bounce back on Thursday: Crude oil futures bounced back from its recent lows on Thursday, after the US Energy Department's release of 1 million barrels a day from the Strategic Petroleum Reserve. The move was made in the wake of Hurricane Harvey which has disrupted refinery operations on the Texas coast. Though, the gasoline futures remained sharply higher, as markets continued to weigh the impact of Tropical Storm Harvey on supply and demand and ahead of the Labor Day weekend that typically brings a surge in driving. Crude prices have been under pressure on concerns U.S. refiners will stay shut and demand less oil, potentially leading to higher US stockpiles and rekindling fears of a global supply glut.
Copper futures end higher on better than expected Chinese data: Copper futures ended near three-year highs on Thursday after a measure of China's factory activity came in better than expected. The latest purchasing managers index (PMI), a gauge of factory conditions, came in at 51.7 in August, from the 51.4 reading in July.
Gold futures end higher on Thursday: Gold futures ended higher on Thursday as the dollar retreated after data showed the pace of US annual inflation slowed, while rising security concerns triggered by tensions on the Korean peninsula provided safe-haven support.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
01/09/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - UP RESISTANCE: - 29850, 29950. SUPPORT: - 29650, 29550. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
Gold futures for December delivery gained $8.10, or 0.6 percent, to settle at $1,322.20 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.8 percent at $1,319.31 an ounce. MCX Gold futures hit highs above Rs 29767 per 10 grams earlier this week before easing and ended around Rs 29745 per 10 grams on the day.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
01/09/2017
SILVER
OUTLOOK: TREND: - UP RESISTANCE: - 40150, 39950. SUPPORT: - 39550, 39350. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK The Prices of silver were gained on Thursday. And at end of the day the prices were settled at 39798 per 30 kilogram. On the higher side Rs 39865 per 30 kilogram as resistances were noted while lows were at Rs 39435 per 30 kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
01/09/2017
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 442.50,445. SUPPORT: -438.50, 436. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK Copper futures for December delivery added 0.4 percent to settle at $3.099 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 0.3 percent at $6,788 a metric ton. MCX copper made a high of 438.40, and low of 433.20, which are acting as resistance and support.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
01/09/2017
CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3040, 3070. SUPPORT: - 2980, 2950. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK WTI Crude oil futures recovered from their five week low on bargain buying, supportive equities and rallying gasoline prices in the US. A continued drop in US crude inventories also worked in favour of the commodity yesterday as the WTI futures rose well above $46 levels. However, a modest setback was seen in Asia as profit selling took charge of the counter. WTI futures are currently trading at $4.95 per barrel, down 0.60% on the day. This should set up MCX Crude for an interesting opening. The local futures closed at Rs 3031 per barrel yesterday, up 2.50% on the day as a break above Rs 3000 levels triggered good buying.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
01/09/2017
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
01/09/2017
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