08/11/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
Crude oil futures decline marginally ahead of inventory data: Crude oil futures cooled a bit on Tuesday ahead of the inventory data and after Opec said it expected a surge in North American shale output to cap demand for the cartel’s crude oil. Opec in its 2017 World Oil Outlook revised upwards North American shale oil to 5.1 million barrels per day (bpd) from 4.1 million bpd, citing the recent rally in crude prices as one of the catalysts to drive up shale output. The U.S. Energy Information Agency in separate report also revised upwards its estimate for domestic crude oil production.
Copper futures edge higher on firm trend overseas: Copper futures edged higher on MCX as participants enlarged their holdings amid firm trend overseas on expectations of healthy demand from the electric vehicle sector. Further, pick-up in demand in the spot market too supported copper prices.
Gold futures trade higher on MCX: Gold futures traded higher on MCX due to rising demand of the precious metal from jewellers and retailers at the spot market.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - UP RESISTANCE: - 29600, 29750. SUPPORT: - 29400, 29250. STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK
MCX Gold futures edged up amid soaring Crude oil prices as the inflationary edge of the metal swung into action. COMEX Gold futures are trading at $1277 per ounce, marginally lower on the day after a sharp rebound yesterday. MCX Gold futures are trading at Rs 29400 per 10 grams, up 0.20% on the day. The local futures have edged up after testing lows near Rs 29K levels.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
SILVER
OUTLOOK: TREND: - UP RESISTANCE: - 40000, 40200. SUPPORT: - 39500, 39300. STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK The Prices of silver were down on Tuesday from the previous close. And at end of the day the prices were settled at 39594 per 30 kilogram. On the higher side Rs 40034 per 30 kilogram as resistances were noted while lows were at Rs 39544 per 30 kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 447.50,450. SUPPORT: -442.50, 440. STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK Asian equities mostly slipped. European stocks witnessed lax moves even as banks gained ground on growth optimism after ECB President Mario Draghi said there is little evidence that negative rates are undermining banking profitability. In other key commodities, Copper extended losses amid steady profit selling. The metal is down 0.65% at $3.13 per pound. MCX Copper futures are also down 0.30% at Rs 449.60 per kg.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3740, 3770. SUPPORT: - 3670, 3640. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK WTI Crude oil futures are lingering around $57 per barrel - their highest levels in nearly two years, extending its recent break above $50 in a surreal manner. Oil has soared on political upheaval Saudi Arabia. Media reports noted that dozens of Saudi princes and senior officials and businessmen were arrested as part of a purported corruption investigation. Saudi Arabia is the world's largest exporter of oil. MCX Crude oil futures are up 1.1% to trade at Rs 3730 per barrel.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
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. All Rights Reserved. Investment in Commodity and equity market has its own risks.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
08/11/2017
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