23/08/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
Crude oil futures bounce back ahead of inventory data: Crude oil futures moved higher on Tuesday ahead of the inventory data, with traders expecting the data to show US supplies of crude oil fell for an eighthstraight week. Gasoline inventories are expected to be closely watched, as gasoline demand tends to ease, following the end of the U.S. 'summer driving season'. Meanwhile OPEC is meeting this week in Vienna to discuss its supply quota plan. OPEC officials estimated the cartel and other producing countries in July have delivered 94 percent of their pledged oil output cuts.
Comex copper futures end higher on Tuesday: Comex copper futures ended higher on Tuesday after tapping intraday highs above $3 a pound, while London copper prices retreated from a three-year high as speculators and funds locked in some profits after a steep rally .
Gold futures end lower as dollar strengthens: Gold futures ended lower on Tuesday as the US dollar strengthened against a basket of major currencies ahead of an annual meeting of central bankers this week. Investors awaited speeches by European Central Bank President Mario Draghi and US Federal Reserve Chair Janet Yellen on Friday at Jackson Hole, Wyoming, for clues to the direction of interest and currency rates.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - UP RESISTANCE: - 29200, 29300. SUPPORT: - 29000, 28900. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
MCX Gold futures eased today, sliding in tune with the global prices amid a steady recovery in equities. COMEX Gold has tested a two month high above $1300 per ounce but has failed to hold onto the coveted mark. The counter currently trades down around half a percent at $1290 per ounce. MCX Gold futures are down 0.02% at Rs 29097 per 10 grams.
OUTLOOK: TREND: - UP RESISTANCE: - 39150, 39300. SUPPORT: - 38800, 38600. STRATEGY: - SELL ON HIGH.
SILVER 301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
TECHNICAL OUTLOOK The Prices of silver were consolidated on Tuesday. And at end of the day the prices were settled at 38939 per 30 kilogram. On the higher side Rs 39225 per 30 kilogram as resistances were noted while lows were at Rs 38722 per 30 kilograms as support noted. The metals remain under a volatile zone.
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 423.50,426. SUPPORT: -418.50, 416. STRATEGY: - SELL ON HIGH.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
TECHNICAL OUTLOOK COMEX Copper futures soared to fresh two and half year highs amid excellent buying support as equities edged up and traders remained confident about the near term prospects of the commodity. COMEX Copper futures hit highs above the key $3 per pound levels as a mild correction in last week proved short lived. European markets rose following recent losses, although trading was thin ahead of the Jackson Hole meeting of central bankers later this week. The tensions pertaining to the US- North Korea standoff have eased somewhat and risky assets are still betting on the broadbased improvement in world economy in recent times. MCX Copper futures witnessed a sound rally as the futures hit a high of Rs 426.40 per kg. The counter currently trades at Rs 425.95 per kg, up around 1% on the day.
OUTLOOK: TREND: - DOWN RESISTANCE: - 3090, 3120.
CRUDE OIL
SUPPORT: - 3030, 3000. STRATEGY: - SELL ON HIGH.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
TECHNICAL OUTLOOK WTI Crude remained supported following strong cues from US equities. Following the lackluster performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Tuesday. The tech-heavy Nasdaq rebounded strongly after ending the previous session at its lowest closing level in well over a month. WTI futures are up in Asia too as the momentum in global stocks remained strong. The commodity currently trades at $47.65 per barrel, up 0.60% on the day. MCX Crude oil futures closed around Rs 3075 per barrel, up 0.30% on the day. Expect a positive opening today with prices likely to test highs around Rs 3100 mark.
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
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
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. 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
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
23/08/2017
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