• posted by IMV |
  • 23/2/2018

Copper futures exhibited bearish trend on MCX, as speculators reduced exposure, taking negative cues from alloy-makers in the physical market. Moreover, the red metal in London Metal Exchange (LME) declined as the dollar strengthened.Crude oil futures traded marginally lower on MCX on offloading positions by speculators as high US crude exports outweighed lower crude inventories in the world's biggest consumer of the fuel.Technical...

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  • posted by IMV |
  • 23/2/2018

Granules India is finding support at 110 and resistance above 117. On Daily chart, Granules is forming double bottom pattern,looks bullish above 117 level.  After profit booking the stock was consolidating for the past few months and now has given breakout after which the short term trend is expected to turn bullish.Daily 14 period RSI has turned up from near levels. As per the bullish high low theory of 40-70 levels, the daily RSI is...

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  • posted by IMV |
  • 22/2/2018

SAIL, has been trading in a broader range of 53--101 for last one year so above 86.00 will see strong breakout on daily chart.SAIL is finding support at 83 and resistance above 86.00 on daily chart, SAIL Clothing is having breakout point above 85.50. Break and sustain above 86.00 will see nonstop rally in SAIL Clothing till 89---92++ in weeks to come.Daily 14 period RSI has turned up from near levels and is trading above 45 which indicates it the...

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  • posted by IMV |
  • 22/2/2018

Commodity Alerts: Oil edges up on drop in U.S. inventories, but surge in exports caps gainsOil prices edged up on, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S. exports that dragged net imports in the world's biggest fuel consumer to a record low. U.S. crude oil stockpiles fell by 1.6 million barrels in the week to 420.48 million barrels, as reported by the Energy Information Administration (EIA).The fall in...

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  • posted by IMV |
  • 22/2/2018

Indian rupee ended considerably weaker against the US dollar on Thursday, on the back of consistent demand for the greenback from state-run banks and importers. Sentiments remained down-beat on report that the country’s investment climate during April-December period of this fiscal looks subdued with declining figures in announcements of new projects and the number of projects under execution. The value of investment in new projects during...

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  • posted by IMV |
  • 22/2/2018

Nifty 10382 /Sensex 33819 / Bank Nifty 24955 16 Advances /34 Declines/ 0 Unchanged Benchmarks end February F&O expiry session with marginal cut Nifty 10382 /Sensex 33819 / Bank Nifty 2495516 Advances /34 Declines/ 0 UnchangedBenchmarks end February F&O expiry session with marginal cutIndian equity markets truly depicted the choppiness of F&O expiry session and settled with marginal cut on Thursday. Markets started the...

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  • posted by IMV |
  • 22/2/2018

Gold futures settled almost flat on Wednesday, after the release of minutes from the US Federal Reserve's January policy meeting. Inflation fears boost the yellow metal's appeal as a store of value against inflation.Crude oil futures traded marginally lower on MCX, as speculators trimmed positions due to weak trend overseas, as the minutes of the Federal Reserve's latest policy meeting sent the US dollar broadly higher. A stronger greenback often...

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  • posted by IMV |
  • 22/2/2018

Currency Alert: Dollar stands tall after Fed minutes back more U.S. rate increasesThe dollar rose to a one-week high against a basket of major currencies, after minutes of the Federal Reserve's January meeting showed policymakers were more confident of the need to keep raising interest rates. A more upbeat take on inflation in the minutes of the Fed's Jan. 30-31 policy meeting bolstered expectations for rate hikes. U.S. short-term interest-rate...

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  • posted by IMV |
  • 22/2/2018

Commodity Alert: Oil Prices Down Again In Asia Morning As U.S. Dollar Continues To RecoverOil prices are down again, driven by a stronger dollar which outweighed the effects of a decrease in U.S. crude oil inventories. The strengthening dollar makes greenback-denominated oil imports more expensive for other countries, thus curbing demand and dragging prices down. This is despite an unexpected drop in U.S. crude oil inventories by 907,000 barrels...

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  • posted by IMV |
  • 21/2/2018

Indian rupee pared all of its initial losses and ended tad higher against dollar on Wednesday, owing to dollar sale by exporters and banks. Traders took some support with foreign brokerage report that India’s medium-term potential growth is likely to be above 7 percent, backed by policy reforms, higher investments and stable global growth environment. The report added that India ranks higher in medium-term growth potential compared to other...

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