22/09/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
22/09/2017
Nymex crude turns lower ahead of Opec meet: Crude oil futures snapped their rally mood and ended lower on Thursday ahead of the Opec meeting and traders continued to weigh data showing a sharp rise in U.S. crude production and stockpiles. Some strength in dollar too weighed on the sentiments after the Federal Reserve suggested a rate hike is imminent. Also, the Fed said it will begin shrinking its bloated $4.5 trillion portfolio in October by allowing $10 billion in bonds to mature without replacing them. Meanwhile, Opec and other major producers will meet Friday in Vienna to discuss the market impact of the production-cut agreement and progress toward rebalancing supply and demand.
Copper futures trade lower on MCX: Copper futures traded lower on MCX as speculators trimmed positions, amid muted demand at the domestic spot markets. Moreover, weak trend at the London Metal Exchange (LME) where copper and other base metals weakened also weighed on copper futures.
Gold futures edge higher on MCX: Gold futures edged higher on MCX due to a firming trend overseas where gold rebounded from a fourweek low as the latest twist in tensions between the US and North Korea prompted investors to seek out the safe-haven asset.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
22/09/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - DOWN RESISTANCE: - 29800, 29900. SUPPORT: - 29600, 29500. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
COMEX Gold slipped heavily yesterday and extended the slide further today after the US Federal Reserve announced that, for the first time in nine years, it would start reducing the size of its $4.5 trillion asset portfolio starting in October. The Fed kept interest rates unchanged, as widely expected, but said it would start to shrink its balance sheet by $10 billion a month. The Fed also noted that a December rate increase remains on the table. This pulled the metal is a flash, sliding nearly ten dollars within an hour. The commodity extended losses today and currently trades at $1302 per ounce, down 1% on the day. These are the lowest levels in last one month for the counter. MCX Gold futures should see a sharp slide in early moves following these cues. The counter ended at Rs 29774 per 10 grams yesterday, up half a percent on the day.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
22/09/2017
SILVER
OUTLOOK: TREND: - DOWN RESISTANCE: - 40200, 40400. SUPPORT: - 39800, 39600. 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 39833 per 30 kilogram. On the higher side Rs 40080 per 30 kilogram as resistances were noted while lows were at Rs 39515 per 30 kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
22/09/2017
COPPER
OUTLOOK: TREND: - DOWN RESISTANCE: - 422.50,425. SUPPORT: -418, 415.50. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK COMEX Copper has slipped 1% in Asia to quote around $2.90 per pound amid continued worries over Chinese economy and a broad correction in Asian equities. According to the latest report from International Copper Study Group (ICSG) World refined copper balance for the first half of 2017 indicated a deficit of around 75,000 t. World mine production is estimated to have declined by around 2% in the first half of 2017, with concentrate production declining by around 1.7% and solvent extraction-electrowinning (SX-EW) declining by around 3.5%.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
22/09/2017
CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3330, 3360. SUPPORT: - 3270, 3240. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK Benchmark crude oil futures for November delivery ended lower by 14 cents or 0.3 percent at $50.55 a barrel on the New York Mercantile Exchange. Brent crude for November delivery gained 12 cent to $56.41 a barrel on the ICE. On MCX crude oil price 3295, made a resistance for a day at 3312, and support for day at 3255.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 18003157801
22/09/2017
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
22/09/2017
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