• posted by IMV |
  • 22/6/2018

Gold prices traded higher amid ongoing tension between major global countries Tensions between the U.S. and its allies continue, as India joined China and the European Union in retaliation against steel and aluminium tariffs. Being the biggest buyer of almonds, India raised its tariff on U.S. almonds by 20%. Meanwhile the European Union imposed tariffs on about $3.4 billion of U.S. imports today, including motorcycles, orange juice and cranberry...

  • posted by IMV |
  • 22/6/2018

The dollar pulled back from an 11-month peak against a basket of major currencies as investors took profits after the currency's earlier rally, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of England surprised the market. The Philadelphia Federal Reserve's manufacturing index fell sharply to a 1-1/2-year low, raising concern about the world's largest economy and prompting some traders to book profits...

  • posted by IMV |
  • 22/6/2018

Gold prices recovered from a 6-month low as the dollar slipped after hitting a 11-month peak earlier in the day. The dollar fell off a 11-month high in morning Asian trade on Friday, as analysts say the plunge of Philadelphia Federal Reserve’s manufacturing index prompted some traders to book profits on bullish dollar bets. The Philadelphia Fed index on U.S. Mid-Atlantic business activity fell to 19.9 in June from 34.4 in May. The Philly Fed...

  • posted by IMV |
  • 22/6/2018

Technical Level    CopperOur sell call from 458—452 has proven greatNow what to expect?Support at 451 and Resistance at 460.Break and close below 451 will take it to 440—434 and then 425 marks else could touch its resistance level of 460.Fresh buying can be initiated only on close above 460 marks.Trade with levels only.NickelOur buy call from 998----1063 has proven greatNow what to expect?Support is 1000 and Resistance is 1030Close...

  • posted by IMV |
  • 22/6/2018

We have seen a sharp rise in the stock from 100 to 168 levels. After making all time high of 167.50 the stock has taken a reversal from higher levels and came down to its support level of 132.00 and then retraced back till 50% level. On weekly chart Ashok Leyland is downtrend showing weakness the stock till 116—110 levels. Break and sustain below the support levels of 132.00 will take it to 116.00 levels. Above 145.00 it will negate our...

  • posted by IMV |
  • 22/6/2018

Government hiked in import duty on chickpeas (kabuli Chana), Bengal gram (Chana) and split red lentil (masur dal) rising to 70% from 30% while duties on lentils have gone up to 40%from 30%. Chana future prices traded higher due to pick up in the physical demand and fresh buying initiated by the market participants as it hit lowest levels since Jan 2015 last week. Recently, Maharashtra government discontinued procurement of the Chana under the MSP...

  • posted by IMV |
  • 22/6/2018

Indian rupee gained sharply against the US dollar due to sustained selling of the American currency by exporters and local banks even as Fed officials strike a hawkish tone. sentiment swung back in favor of the domestic currency after the Reserve Bank of India's June meeting minutes signaled that the central bank will rely on data for future rate hike decisions. Investor sentiment also turned positive following higher opening of the domestic...

  • posted by IMV |
  • 22/6/2018

Economic Times● India to provide USD 51 million development aid to Suriname● Infibeam registers 40,000 domain names in a day● To bridge trade gap, China opens door to Indian raw sugar● Indiabulls hires ICICI Pru MFs Raghav Iyengar to head its MF business● India hikes customs duty on 30 items imported from USBusiness Standard●  RBI moots legal entity identifier for bond, money markets by October end● Jubilant FoodWorks, Emami turn ex-bonus in...

  • posted by IMV |
  • 22/6/2018

Nifty 10741/Sensex 35432/ Bank Nifty 2649716 Advances / 34 Declines/ 0 UnchangedSensex, Nifty settle with modest lossesOn Thursday, Key benchmark indices ended with modest losses as negative global cues spoiled sentiment. The barometer index, the S&P BSE Sensex, fell 114.94 points or 0.32% to settle at 35,432.39. The Nifty 50 index fell 30.95 points or 0.29% to settle at 10,741.10. Most pharma shares declined. Capital goods stocks...

  • posted by IMV |
  • 21/6/2018

Gold prices traded sharply lower from last couple of days on a stronger dollar, hovering close to a six-month low as the U.S. Federal Reserve Chair confirmed an outlook for higher interest rates in the United States. Federal Reserve Chairman Jerome Powell stated that, the U.S. central bank should continue with a gradual pace of rate increases, which also supported yields. Powell said during a meeting of central bank chiefs in Portugal that trade...