• posted by IMV |
  • 08/5/2018

Gold prices traded moderately lower during the session as strength in the dollar index (Its highest level of the year) continued to act as a headwind for the precious metal. A stronger dollar tends to hurt demand for gold and other dollar-denominated commodities, making them more expensive for overseas buyers. Rising U.S. Treasury yields and broadly solid economic data have boosted the dollar sentiment in recent weeks.Crude oil prices traded...

  • posted by IMV |
  • 08/5/2018

The USD/JPY is rebounding in the late Asia session, recovering from a slip into 108.85 on a small giveback in the US Dollar action which has been decidedly Dollar-positive lately, but the pair has rebounded to trade back into the 109.00 handle ahead of the European session. This week is a case of hurry up and wait; traders are awaiting the US CPI figures on Thursday, and there is little else on the economic calendar for most major currencies...

  • posted by IMV |
  • 08/5/2018

Oil prices fell in Asia, retreating from three-and-a-half-year highs as traders waited for U.S. President Donald Trump’s decision on whether the U.S. will re-impose sanctions on Iran. On Monday, oil prices rose above $70 a barrel for the first time since November 2014, as possible Iran sanctions threatened to disrupt oil supplies. Oil markets have remained on edge since Iran took a tough stance in its response to the U.S. regarding a 2015 nuclear...

  • posted by IMV |
  • 08/5/2018

Technical Pick We have seen sharp decline in V Guard from top of 255.00 till 230.00. V Guard made high of 255 on 19 April 2018 and current trading around 245.00. On daily chart V Guard look positive on chart having hurdle point at 245 mark. Break and sustain above 245 will take it to 255-260 and then to 265 mark in day to come else could touch its support level of 235.00. Below 235 only it will negate our negative view on it. V Guard trading...

  • posted by IMV |
  • 08/5/2018

Fundamental AspectCoriander futures traded higher as participants enlarged their holdings amid rising demand in the spot market. Besides, limited arrivals from major producing belts also added support to coriander prices’ uptrend.Jeera future prices settled the session slightly higher supported by fresh buying activity initiated by the market participants on lower arrivals and anticipation of improve in physical demand in coming weeks. As per the...

  • posted by IMV |
  • 08/5/2018

Economic Times● BigBasket eyes $500 million war chest as Walmart, Amazon loom● ICICI Bank profit down 50%, board silent on Chanda Kochhar● Reliance Jio may get additional Rs60,000 crore firepower● Taxpayers may have to explain discrepancies in I-T, GST returns● HC rejects plea to stay Vodafone’s UK arbitration in tax dispute caseBusiness Standatd● Infibeam to buy Unicommerce from Snapdeal● Trifecta to raise Rs750 crore venture debt fund●...

  • posted by IMV |
  • 08/5/2018

Nifty 10715/Sensex 35208/ Bank Nifty 2585237 Advances / 13 Declines/ 0 UnchangedMarket advances on upbeat global stocksDomestic stocks logged modest gains on first trading day of the week after tepid US jobs data on Friday eased fears of faster rate hikes by the US Federal Reserve. The barometer index, the S&P BSE Sensex, gained 292.76 points or 0.84% to settle at 35,208.14. The Nifty 50 index gained 97.25 points or 0.92% to settle at...

  • posted by IMV |
  • 07/5/2018

GoldSupport at 31050 and Resistance at 31300Break and close above 31300 will take to 31450----31600 mark Fresh selling will do only close below 31050 markSilverSupport at 39500 and Resistance at 40050---40200Trade within a range and wait for confirmationCopperSupport at 457---453 and resistance at 466Trade with in a range and wait for confirmationNickelSupport at 920 and Resistance at 950Either side break or close with volume will decide...

  • posted by IMV |
  • 07/5/2018

Market keep moving towards north ⬆⬆ directionToday's PerformanceIntraday Future... Gain of more than 15000/- 💰💰Havells from 548---553. Gain of 5000/-Adani Enterprise from 129.50--126.50. Loss of 12000/-Gail from 334--339.80 Gain of more than 12000/-Bharat forge from 750---749. Exit with tiny loss of 1200/-DCB Bank from 195--198. Gain of more than 12000/-Future Regular... Gain of more than 12000/- 💰💰Reliance industries from 963---974. Gain of...

  • posted by IMV |
  • 07/5/2018

The Indian rupee commenced flat against the dollar in early trades on Friday, 04 May 2018 and edged up slightly as the greenback weakened overseas ahead of monthly US jobs report and China-US trade meet outcome. Besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies as senior Chinese and US officials met in Beijing for a second day of trade talks, supported the domestic unit. However,...