Monday, 31 July 2017

Gold trading range for the day is 28323-28723

Gold prices fell in Asia on Monday as investors eyed demand prospects in China as a tad weaker than expected after official manufacturing and services PMI estimates for July.

Gold for August delivery eased 0.06% to $1,267.69 a troy ounce on the Comex division of the New York Mercantile Exchange. For last week, the precious metal was up 1.08%, its third consecutive weekly gain.

Gold on MCX settled up 0.37% at 28580 after weaker than expected U.S. inflation dampened expectations that the U.S. Federal Reserve will aggressively raise interest rates and North Korea fired a ballistic missile, triggering safe-haven buying. 

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Technically market is under short covering as market has witnessed drop in open interest by -23.39% to settled at 3472 while prices up 104 rupees, now Gold is getting support at 28451 and below same could see a test of 28323 level, And resistance is now likely to be seen at 28651, a move above could see prices testing 28723.

                              Trading Ideas
* Gold trading range for the day is 28323-28723.

* Gold prices rose after weaker than expected U.S. inflation data and North Korea fired a ballistic missile, triggering safe-haven buying.

* Data on U.S. second quarter gross domestic product (GDP) and labor costs also pushed the dollar lower.

Cardamom futures rise amid pickup in spot demand

Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.

 At the MCX, cardamom futures for August 2017 contract was trading at Rs 1162 per kg, up by 1.56 per cent, after opening at Rs 1150, against a previous close of Rs 1144.20. It touched the intra-day high of Rs 1165.

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Friday, 28 July 2017

डॉलर में उछाल, सोना 6 हफ्तों की ऊंचाई से फिसला

कल के कारोबार में अच्छे आर्थिक आंकड़ों से डॉलर में उछाल देखने को मिला है जिसके बाद सोना 6 हफ्तों की ऊंचाई से फिसल गया जबकि क्रूड 8 हफ्ते के रिकॉर्ड स्तर पर कारोबार कर रहा है और ब्रेंट 51 डॉलर प्रति बैरल के पार चला गया है।

सोना एमसीएक्स: खरीदें – 28400, स्टॉपलॉस – 28325, लक्ष्य – 28550

कच्चा तेल एमसीएक्स: बेचें – 3125, स्टॉपलॉस – 3145, लक्ष्य – 3080

यदि आप हमारे साथ शेयर मार्किट मैं व्यापार करना चाहते हैं अधिक जानकारी के लिए हमारी साइट पर जाएँ www.marketmagnify.com मिस्ड कॉल करे :- 7879881122

Friday, 21 July 2017

Gold demand slumps as prices rise, seasonal consumption slows in India

Gold demand in Asia eroded this week due to higher prices with a seasonal slowdown denting the lure for the precious metal in second-biggest consumer India.Dealers in India offered discounts for gold, as the absence of key festivals kept demand subdued, especially as the wedding season has passed.

 

The international spot gold benchmark hit a three-week high of $1,248.35 an ounce on Friday, with prices set for an about 1.5 percent weekly gain, bolstered by weakness in the U.S. dollar, which was at multi-month lows.

 

In top consumer China, premiums were slightly below the $10 per ounce level reported last week, while in Hong Kong, the premiums were at 60 cents to $1 against 70 cents to $1 in the previous week.

 

Technically market is under short covering as market has witnessed drop in open interest by -0.92% to settled at 5951 while prices up 81 rupees, now Gold is getting support at 28182 and below same could see a test of 28032 level, And resistance is now likely to be seen at 28431, a move above could see prices testing 28530.

 

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Thursday, 20 July 2017

सोने में गिरावट, क्रूड की चाल सुस्त

अमेरिकी डॉलर में बढ़त से सोने पर दबाव देखने को मिल रहा है। कॉमैक्स पर सोना 0.25 फीसदी की गिरावट के साथ 1238.8 डॉलर पर कारोबार कर रहा है। चांदी में भी कमजोरी नजर आ रही है। कॉमैक्स पर चांदी करीब 0.5 फीसदी टूटकर 16.25 डॉलर पर कारोबार कर रही है।

अमेरिका में भंडार घटने से कच्चे तेल में तेजी देखने को मिली थी और क्रूड 1.6 फीसदी चढ़कर 6 हफ्तों के रिकॉर्ड स्तर पर पहुंचने में कामयाब हुआ। हालांकि, अब ऊपरी स्तरों पर थोड़ा दबाव दिख रहा है। फिलहाल नायमैक्स पर डब्ल्यूटीआई क्रूड सपाट होकर 47.1 डॉलर पर कारोबार कर रहा है। वहीं, ब्रेंट क्रूड भी सुस्त होकर 49.7 डॉलर पर कारोबार कर रहा है।

शेयर मार्किट की जानकारी के लिए यहाँ क्लिक करे https://www.marketmagnify.com अधिक जानकारी के लिए मिस्ड कॉल करे :- 7879881122.

  • चांदी एमसीएक्स (सितंबर वायदा) : बेचें - 37700, स्टॉपलॉस - 37900 और लक्ष्य - 37200.

  • नैचुरल गैस एमसीएक्स (अगस्त वायदा) : खरीदें - 198, स्टॉपलॉस - 196.5 और लक्ष्य - 201.