Archive for August 2013

27th Aug Evening Updates: Crude Oil Call For Today: Technical Bullion Level

Crude Oil CallCrude Oil Call For Today

Crude is prone to rupture contract high in today's trades that is situated at Rs 6927 on MCX. The costs shut at Rs 6868 Yesterday. The Support level for crude oil is at Rs 6835 and 6818. The volumes have seen a minor dunk in final session to 80236 kgs. Open investment was at 38551 relentless from a week ago. If crude will get the 7045 level in today's trading then we can see 7200 level in tomorrow's session. For Today we suggest to wait for the 7045 level then only Buy MCX Crude oil for the Target of 7180-7200.

Commodity Updates (Evening)

Bullion metals are in perfect bullish trend due to a stronger trend in USD. Comex gold has got 1400 mark today. As the resulted MCX Gold has also breached the 32850 level as day's high. All Commodities are in full bull trend. We suggest to Buy Gold and Silver for 2-3 days trading.

Technical Levels For Gold: MCX Gold has strong support at 32300 level and after that 32000, while a resistance level can be in a range of 33100-33300.
Technical Levels For Silver: MCX Silver has a strong resistance at 56000 for intraday trading and a support level at 54800 on down side.
Posted by Niti Mathur

Evening Bullion Updates and Live MCX Tips For 13th Aug '13

MCX Tips Bullion Updates

Bullion metals recouped to its most elevated in practically two weeks on delicate U.s. data and as possessions on the biggest gold trade exchanged store climbed without precedent in two months. Property in SPDR Gold Trust developed 0.2 percent to 911.13 tonnes on Friday -the first expansion since June 10. However, strength in the DX prevented sharp upside movement in prices. Appreciation in the Indian Rupee prevented sharp upside in prices on the MCX.

The fund has seen in excess of 14 million ounces in surges in the not so distant future, about $19 billion at current costs. Surges from Etfs have had a huge sway on gold, which has lost around the range of 20 percent of its worth in 2013. Moguls have been leaving gold energetic about higher-yielding stocks as the metal's safehaven request has been imprinted by a recouping U.s. economy. 

Live MCX Tips

Sell MCX Gold around 29000 with a stop loss placed above 29200 for targets of 28500 Intraday
Buy MCX Silver at 46100 For Positional (2-3 Days) Target of 48200 with a stop loss placed below 45300.

MCX Live Tips: MCX Gold May Show its Strength Today

LIve MCX TipsMCX Gold has Positive Trend Today

The yellow metal prices at MCX seen in a positive frame today. The Gold price gained despite crash in COMEX prices and weak global cues. It was trading around Rs 29000 per 10gm levels.

Indian rupee hit record low at 61.6 levels topped further misfortunes in gold costs. The Indian Rupee depreciated around 0.7 percent in yesterday’s trading session. Desires on that U.s. Central bank will moderate the pace of security buys and as property in the greatest bullion-sponsored trade exchanged item swayed yellow metal costs.

In last trading session MCX gold prices traded on a positive note and gained around 3.7 percent on account of depreciation in the Rupee and closed at Rs.28,923/10 gms after touching a high of Rs.29,049/10 gms yesterday. Today October gold rose to a high of 27966 Rs/10gm as of 01.29 pm IST and is expected t trade negative in near term on weak global cues. Intra-day support is now seen at 27500, 27300 and resistance is at 28000 & 28180.

Live MCX Tips

Buy MCX Aug Copper between 444-445 levels, with stop loss at 441, Target at 450/451

Silver Trend and Evening Intraday MCX Strategy for Today with Gold Updates

MCX TipsGold Updates

After the close vertical fall in April, gold had taken back close to the enduring climbing trendline. It merged there for a few weeks, which took manifestation of a triangular trend. The trend broke out on the downside and the cost tumbled sharply. It accomplished the balance focus on the downside and the value has begun moving higher. On the upside, the yellow metal is relied upon to climb till $1,394-1,410. The inversion could be tightened to $1,268. On Domestic market Gold is trading bullish on MCX. However MCX gold has a strong resistance level at 28600 today, it it brock this level then it will stay in bullish frame for rest of this month else below 28000 level today it will turn to consolidate trend.

Silver Trend

Silver has been falling in a channelised way since the most recent not many months. It has framed a channel inside a channel. On the downside, the white metal split through various past lows and arrived at the more level end of both the channels. It has realized the medium-term balance focus on the downside. Since then silver is in a recuperation mode. It has framed a heading cornerwise on the upside, and has done a minor-degree adjustment and has begun crisp climb. The every day energy marker is additionally heading towards the north as well as the cost. The key level on the upside is at $21.80. The inversion could be trailed to $19.13. Silver is up by more then 1200 points on intraday trading. Looking more bullish above 44300 level. Buy on Lower level for intraday strategy.

Intraday Stregies For Today

Buy MCX Gold on lower level, Silver is also looking bullish Buy MCX silver above 44100 level today.

Free Commodity Tips>MCX Tips>NCDEX Tips>Commodity Updates Today

Free Commodity TipsWe provide Intraday and positional tips in all segments of MCX and NCDEX commodity, In that you will get Free tips in MCX Base Metals, MCX Gold and Silver Tips, NCDEX Agri Tips, MCX Crude Calls. With these you will get live commodity updates on Copper, Gold Silver and Crude Oil. you all regularly watch our MCX intraday tips are best tips in India . We ensure you that you will get at least 30% of your capital on every call which we provide from here. We invit to take a free trial of our commodity calls by just simple fill the free trial form. For Live MCX updates stay connected with us.
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MCX Tips: Commodity Market is bearish Today

Commodity TrendCommodity Market is bearish Today

As the currency updates suggest that Rupee open on a weaker note today against the US dollar. All commodities are also following the same trend now. Talking about bullion Gold silver both are looking down for intraday trading. MCX gold has crossed its support level at 27700 level. While silver has checked 41000 level today. Talking about base metals all are trading in red. Silver is trading sideways to bearish and traders are advised to book profit in narrow range for the day.

MCX Tips and Calls

MCX Gold Tips: Sell below 27550 level with a stop loss at 27700 levels for targets of 27100.
MCX Silver Tips: Sell at 40900 level for the target of 40000 level with a stop loss above 41500.
Crude Oil Call: Sell crude oil below 6450 with a stop loss at 6520 level for targets of 6340.
MCX Copper Call: Sell MCX Copper at 428 for the target of 424 level with a stop loss at 431.

Raghuram Rajan is appointed as the RBI Governor: Know Raghuram Rajan

Raghuram RajanRaghuram Rajan is appointed as the Reserve Bank of India Governor for a three year term, successor to Dr. Subbarao whose term ends on September 4th. Mr. Rajan expected to balance out Central Bank and Government objectives amidst tricky fundamentals

Mr. Rajan recent statements and views:

* The RBI and Government are on the same page and working together to ensure stability and growth of the economy.
*On INR - Stabilising the battered rupee is a priority,
*On Growth - RBI's action in this regard must not hurt growth too much.- "The RBI has come up with measures to put stability in the exchange rate. With these measures I hope there should not be serious consequences to growth. We must try to ensure that growth is not diminished,"
*On Monetary Policy - "The priority for monetary policy now is to restore stability in the currency market so that macro-financial conditions remain supportive of growth," even though it admitted that growth recovery is likely to be slower.
*On CAD - The Finance Ministry will in the next few weeks announce some "specific" measures to enable stable and sustainable funding of the current     account deficit. "Consequently, we believe CAD will be brought down significantly this year regardless of the outside world. Of course, if growth   picks up in Europe and US, CAD will come down faster".
*Recent measures not reactive/ not an external looking policy maker - "one should not see the proposed measures as "one-off" or those driven by the US policy measures of tapering its bond purchase programme." "Our measures here are not when the US tapering will start. Financing has to be stable, sustainable and additional-not cannibalise existing sources of financing by creating a new source of financing".

Mr. Rajan's Previus Roles
. Mr. Rajan is currently the Chief Economic Adviser to the Government of India
. He formerly was the chief economist of the International Monetary Fund (IMF)
. His previous work with the Indian government includes his helmsmanship of a Planning Commission-appointed committee on financial reforms, and as honorary   economic adviser to Prime Minister Manmohan Singh.
. Finance minister P. Chidambaram and Rajan have helped lead a government push since September'12 to revive investment, woo foreign inflows and avert a credit-rating downgrade
. His efforts include steps on the recent tightening measures and the push to encourage foreign investments

Mr. Rajan's Qualifications:
. Graduate from the Indian Institute of Technology, Delhi with a bachelor's degree in electrical engineering
. Post Graduate Diploma in Business Administration at the Indian Institute of Management Ahmedabad
. PhD in management from the Massachusetts Institute of Technology (MIT)

Posted by Niti Mathur

MCX Tips with Copper Updates: Buy MCX Gold

Commodity FaceMCX Gold Tips

The Current MCX Gold trend suggest that prices have reversed after touching the initial level of 28200. RSI is in a sell mode. Our technical expert suggest that prices to correct up to levels of 27500. Over all here is a consolidate to bearish trend for MCX Gold. MCX Gold Tips: Sell MCX Gold Oct around 27900 levels for the target of 27500 level with a stop loss above 28200 level.

Copper Updates

Technical chart of Copper suggest that copper prices have get the initial resistance level of 430. Still RSI is in a buy mode. We expect prices to go up to levels of 440. MCX Copper bullish further buying expected till 438 level.

MCX Premium Tips For Gold and Silver

MCX Premium Gold Tips

A spot gold cost expanded by 0.21 percent on Friday on the once more of shortcoming in DX. Further, frail US Non-Farm Payrolls information underpinned price to exchange green. Nonetheless, blended worldwide market conclusions as well as the decrease in SPDR gold trust possessions topped sharp climb in the Price. In the Indian Markets, gold costs climbed by 0.48 percent taking signals from Intl spot gold costs. Further, deterioration in the Indian Rupee underpinned costs to exchange on positive note. Gold costs touched an intraday High of 28173/10gms and shut at 28068/10gms.
We expect that spot gold costs will exchange on the positive note on the once more of shortcoming in Dollar Index (DX). Further, unacceptable Non-ranch Payrolls information and Factory Orders information from US blur the desire around the speculators that the US Federal Reserve might begin trimming bond purchasing programme soon on current status while we have an bullish trend we suggest to Buy MCX Gold on lower level to get Premium profit as MCX Premium Gold Tips

MCX Premium Silver Tips

Spot Silver costs expanded by 1.63 percent on Friday taking signals from climb in spot gold costs coupled with upside in the base metals packs. Further, shortcoming in DX as well as the decrease in US Unemployment rate backed costs to exchange green. In the Indian Markets, silver costs climbed by 1.51 percent taking signals from Intl spot silver costs. Further, deterioration in the Indian Rupee backed costs to exchange on positive note. Silver costs touched an intraday high of 42600/kg and shut at 42034/kg.
We expect that spot Silver price will exchange on the positive note on the back of shortcoming in DX. Further, unacceptable Non-ranch Payrolls information and Mill Orders information from US blur the desire around the expert that the US Federal Reserve might begin trimming bond purchasing programme soon. this may enactment as a positive element for the costs. Furthermore, desire of positive investment information from UK and Euro Zone might back costs to exchange green.As the MCX gold trend is going on upside Silver may also get a bull trend in near future. We suggest to Buy Silver on lower levels as MCX Premium Silver Tips.

Commodity Trend and Updates and MCX Gold Tips For Today

Free Commodity Tips Commodity Updates and Trend Today

Due to Dollar strength Gold prices declined in the international market. COMEX gold is trading 1.5 % lower at $1292 from its previous close. However, due to weakness in Indian rupee MCX Gold price are down in the domestic market. MCX gold is trading around 27900.

MCX Gold Tips

In MCX, Gold trend is looking consolidate to bearish. Might get more bearish after getting 27790 level and may fell to 27400 level today. We suggest to sell MCX Gold on higher level.
Silver is also trending weak on technical charts. With a loss of 1.34 per cent on MCX, silver is trading below Rs 41000. However, COMEX Silver is up by 1 % and is trading at $ 19.5.

Crude oil futures on India's Multi Commodity Exchange (MCX) for August delivery hit its highest in 2013 on Friday amid positive global cues. The trend in MCX crude oil is bullish and is seen trading with high volatility MCX crude oil for August delivery was seen trading up by 0.99% at Rs.6621 per barrel as of 10.18 AM IST on Friday. Base metals showing a mixed trading momentum. Copper has dropped down to Rs 425. Aluminum is down by 0.2%. Nickel is also some strength. Lead and zinc are dull.

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