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MARKET REPORT

Commodity Report
GOLD HITS OVER SIX-MONTH HIGH ON SIGNS OF AILING GLOBAL ECONOMY
Gold prices scaled a more than six-month peak in international market as fears of a global economic slowdown embellished safe-haven demand for bullion, with a weaker dollar adding further support.

Technical overview:
Gold MCX Fut has break a major resistance level of 31750 and sustaining above it. Overall MCX Gold Fut is looking bullish on charts. Now Gold is near major psychological level of 32000. On the upside if it breaks the level of 32000 then it can test the level of 32148 & 32248. On the downside if it breaks 31500 then it can test the levels of 31350-31260

Support & Resistance
R1- 32000, R2-32148
S1- 31500, S2-31350
Stock Report
SELL KOTAK BANK FUT BELOW 1241.50 WITH SL OF 1246.50 TGT1- 1238.30 TGT2-

In the above chart we can see that there is proper level breakout below 1241.50. We have given this stock below 1241.50 & it went till 1231 . Overall trend of stock was bullish on daily chart but in intraday trend was bearish and when it broke support level of 1241.50 it fall 10 point from given level .

Lot Size : 800

Market Cap :  (RS CR)237,298.49

P/E Ratio : 35.23

Book Value : (RS)264.67

Nifty Overview


Trend Identification :
Primary trend of Nifty is still looking bullish on chart,while daily chart is indicating rangbound movement until it is not breaking 11,000 on higher side & 10,500 onlower side.In near term we have seen 200 EMA has taken an important support mark of 10700.

Trading Strategy :
Buy on dips in Nifty can be the trading strategy if it trades around 10780-10740 while on higher side wait and watch the important resitance mark of 11000 if sustain strongly then can enter further long trades.It is advisable to trade cautiosly near 11000.

Target :
Near term target looks like 10940-10980

 

Commodity Overview


Trend of Precious Metals :

Ad.................................................................................................................................................................................................................................................

Trend of Base Metals:

...........................................................................................................................................................................................................................................................................................................................................................................................................................................................

 

Trend of Energy:

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InstrumentsSupport 1Support 2PivotResistance 1Resistance 2
Nifty1052010600107001080010900
BankNifty2600026200260002567525610
Gold3200032100322003230032400
Silver4900049500500005010050400
Crude32503270329033103325
Copper126127128129130
Nickel12511270130013101315
Commodity Report
Commodity Report
GOLD HITS OVER SIX-MONTH HIGH ON SIGNS OF AILING GLOBAL ECONOMY
Gold prices scaled a more than six-month peak in international market as fears of a global economic slowdown embellished safe-haven demand for bullion, with a weaker dollar adding further support.

Technical overview:
Gold MCX Fut has break a major resistance level of 31750 and sustaining above it. Overall MCX Gold Fut is looking bullish on charts. Now Gold is near major psychological level of 32000. On the upside if it breaks the level of 32000 then it can test the level of 32148 & 32248. On the downside if it breaks 31500 then it can test the levels of 31350-31260

Support & Resistance
R1- 32000, R2-32148
S1- 31500, S2-31350
Stock Report
Stock Report
SELL KOTAK BANK FUT BELOW 1241.50 WITH SL OF 1246.50 TGT1- 1238.30 TGT2-

In the above chart we can see that there is proper level breakout below 1241.50. We have given this stock below 1241.50 & it went till 1231 . Overall trend of stock was bullish on daily chart but in intraday trend was bearish and when it broke support level of 1241.50 it fall 10 point from given level .

Lot Size : 800

Market Cap :  (RS CR)237,298.49

P/E Ratio : 35.23

Book Value : (RS)264.67
Market Overview

Nifty Overview


Trend Identification :
Primary trend of Nifty is still looking bullish on chart,while daily chart is indicating rangbound movement until it is not breaking 11,000 on higher side & 10,500 onlower side.In near term we have seen 200 EMA has taken an important support mark of 10700.

Trading Strategy :
Buy on dips in Nifty can be the trading strategy if it trades around 10780-10740 while on higher side wait and watch the important resitance mark of 11000 if sustain strongly then can enter further long trades.It is advisable to trade cautiosly near 11000.

Target :
Near term target looks like 10940-10980

 

Commodity Overview


Trend of Precious Metals :

Ad.................................................................................................................................................................................................................................................

Trend of Base Metals:

...........................................................................................................................................................................................................................................................................................................................................................................................................................................................

 

Trend of Energy:

.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

 
Support and Resistance
InstrumentsSupport 1Support 2PivotResistance 1Resistance 2
Nifty1052010600107001080010900
BankNifty2600026200260002567525610
Gold3200032100322003230032400
Silver4900049500500005010050400
Crude32503270329033103325
Copper126127128129130
Nickel12511270130013101315

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