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Join with us to get unexpected gains.
(Cash pack Rs4000 /month, 9000/qrtly)
Currently, Domestic commodities markets are trading with negative note. All the indices are showing declining trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,530.55 (down by 0.54%), MCXMETAL is trading at 4,481.05 (down by 0.80%), MCXENERGY is trading at 3,338.15 (down by 0.12%), and MCXAGRI is trading at 2,720.47 (down by 0.71%). (At 05:23 PM today).
The total above ground stocks of gold is estimated to be around 1,63,000 tonnes by Gold Fields Minerals Services (GFMS) as on end of 2008 and out of this total stock, 51% is estimated to be present as jewellery, 18% as official reserves, 17% held as investment, 12% used for industrial purposes and 2% is unaccounted for.
INTRADAY MARKET OUTLOOK FOR 16th, MARCH, 2011
1% UP @EARLY HOUR.
TOMORO RBI RATE HIKE&INFLATION R THREATS.
Currently, the domestic commodities markets are trading with negative note. Most of the indices are showing downward trend on Multi Commodity Exchange (MCX) except MCXAGRI. At MCX futures, MCXCOMDEX is trading at 3,469.11 (down by 0.13%), MCXMETAL is trading at 4,382.31 (down by 0.14%), MCXENERGY is trading at 3,227.65 (down by 0.29%), and MCXAGRI is trading at 2,817.32 (up by 0.20%). (At 11:29 AM today).
After opening on a positive note in the morning session, the bourses have continued to demonstrate an increasing upward movement and are showing signs of further advancements. The investors are showing their willingness to book fresh positions in the market after a significant decline the day before.
Currently, Domestic commodities markets are trading with negative note. All the indices are showing downward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,539.22 (down by 0.72%), MCXMETAL is trading at 4,437.84 (down by 0.90%), MCXENERGY is trading at 3,321.43 (down by 0.49%), and MCXAGRI is trading at 2,884.90 (down by 0.70%). (At 11:25 AM today).
The Indian bourses are currently trading mixed during midsession trade overshadowing the favorable cues from the Asian peers. On the Asian front, the market opened on a high note and continues to trend in the positive zone on the back of retreat in oil prices and the fall in unemployment rate in America. Back to the domestic front, market opened on a positive note and continues to trade in the same trend on the back of ease in food inflation rate. But later the domestic market has lost a bit of steam in late morning trade, erasing some of the early morning”s gains and hitting intraday low. The investors’ sentiments in the market has been dampened throughout the week after the Union Budget beat most expectations and the US stocks continue to rally amid steady improvement in its economic conditions. This led to the fall of the market to hover around the baseline. On the sectoral front, sectors such as Auto and Bankex are witnessing good buying support while sectors such as Cg and Realty are experiencing most of the selling pressure.
Nifty trend was volatile on budget day and made an intraday high of 5477 and finally lost much of the gain and closed at 5333 with slight gain .
BEST NIFTY TIPS FREE
Buy the share if open above 281.6 or above 285.6 with a stop at 272.5 Sell below268.5 or sell if open below 272.5
Nifty Outlook For 11-Jan :
It was the fifth consecutive day in which markets closed in red. Nifty’s short term trend is still down. Nifty has important support in 5,740-5,680 range, If Nifty hold support then short covering may be seen on the other hand if Nifty does not hold support levels then selling pressure till 5,600-5,550 may also be seen.
By: NSE Nifty Futures View Tomorrow :
Nifty future opened with gap and moved in a range, but closed above its psychological resistance level of 6000. If it manages to sustain above 6025 level. We can see some more up move from here. One should go for long position after proper break out. Resistance for bank nifty future is at 6040/6093 and Resistance is at 5945/5900 levels.
Indian Market by: Best Stocks to Buy
Equity benchmarks recovered smartly in second half of trade to end flat; the Sensex did touch 20,000 level but could not hold the same. Indices started the trade on a weak note today following weak Asian cues and on the back of profit booking.
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