08/01/2018
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 9009010900
08/01/2018
Market Update (Energy): Crude oil may remain on volatile path as it may move in range of 3850-3930. Oil prices firmed on Monday on the back of a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week. Traders said the gains were due to a slight decline in the number of U.S.
Market Update (Base Metals): London copper edged away from its lowest in a fortnight on Monday but remained not far from a fouryear high, as traders filtered back from holidays and adjusted to a softer dollar and resilient Chinese demand. LME cash zinc is trading at a $26 premium to the benchmark contract up from a $10 discount on Dec. 12. Traders suggested the backwardation has encouraged deliveries into SHFE warehouses, where stocks have climbed around 10,000 tonnes since late December.
Market Update (Bullions): Gold prices held steady on early Monday, below 31/2-month highs hit last week, amid expectations of more US interest rate hikes this year. The US December non-farm payrolls report on Friday was weaker than expected. The dollar dipped briefly, then rose as investors reckoned the data would not deter the US Federal Reserve from raising interest rates multiple times this year, though at a gradual pace. Despite weaker-than-expected data, traders overall stuck to their conviction that the Federal Reserve will raise rates at least twice this year.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 9009010900
08/01/2018
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - DOWN RESISTANCE: - 29300, 29400. SUPPORT: - 29100, 29000. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
Gold daily chart formed “Rising wedge” pattern. The last session seems consolidated near the channel’s support line but overall bullish in trend. As per the technical aspects of the pattern, the market is expected to retest the level and rally on bullish once again. The upside rally could test $1325-1330(29295-29420) levels in upcoming sessions. Alternatively, if market breaks below the support slope line then it might continue in bearish momentum. Major resistance holds at $1330(29420) and previous resistance become support at $1300(28670).
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 9009010900
08/01/2018
SILVER
OUTLOOK: TREND: - DOWN RESISTANCE: - 39400, 39600. SUPPORT: - 39000, 38800. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK Silver daily chart has formed “Descending broadening wedge” pattern. The last few sessions been strongly bullish but consolidated after breaking the channel’s resistance slope line. The retest on the channel’s resistance slope line might push the trend to bullish further and the upside rally could test all the way through 39500-40000 levels in the upcoming sessions. Alternatively, if market breaks below the previous resistance line then market might have a chance turn bearish. Major Resistance holds at 40400 and previous resistance become support at 38800.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 9009010900
08/01/2018
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 455.50,458. SUPPORT: -450.50, 448. STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK Copper daily chart has formed “Megaphone chart” pattern. The last few sessions have been strongly bearish but consolidated after retesting the channel’s resistance slope line. The retest might push the trend to bearish further once the same breaks below a middle support line at 450 and the downside rally could test all the way through 448-445 levels in the upcoming sessions. Major Resistance holds at 465 and Key support at 440.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 9009010900
08/01/2018
CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3930, 3960. SUPPORT: - 3870, 3840. STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK Crude Oil Daily chart has formed “Rising wedge” pattern. The trend remains bullish as prices retested a Key support level at $58.50. As per the technical aspects of the pattern, the retest is expected to push the market furthermore and the upside rally could test $62.50-63.50 levels in the upcoming sessions. Once the market reaches the major resistance level holding at $63.50, then it might have a chance to turn bearish once again.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free: 9009010900
08/01/2018
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: 9009010900
08/01/2018
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: 9009010900