• posted by IMV |
  • 24/5/2018

Gold prices rose as uncertainty over the trade talks between the U.S. and China supported gold’s safe-haven demand. Meanwhile, the dollar fell after the latest Federal Reserve meeting hinted at a dovish approach to rate hikes later this year. The Federal Reserve meeting on Wednesday indicated central bankers are happy to let inflation run above the 2% target for a “temporary period”, signaling no rush to tighten monetary policy....

  • posted by IMV |
  • 24/5/2018

Fundamental Aspect:Soybean future prices traded a bit volatile with positive bias as market participants taking fresh positions in the next contract. Moreover, there is expectation of better demand for crushing from oil mills as govt is planning to hike import duties of soft oil like soy oil, rape oil and sunflower oil. As per the trade source, lower arrivals in the physical market also supporting the prices to stay with firm note. Production...

  • posted by IMV |
  • 24/5/2018

The Indian rupee declined sharply yesterday against the dollar to hit a fresh 16-month low of 68.4925 per dollar ahead of the minutes of US Federal Reserve's last policy meet. Weakness in the domestic stock market and demand for the US currency from importers also weighed on the rupee. President Donald Trump stated that he was not satisfied with bilateral trade talks with China that occurred last week, but called them a start to working out the...

  • posted by IMV |
  • 24/5/2018

Economic Times● Tata Motors Q4 profit halves to Rs2,125 crore on one-off charge, expenses● Cabinet clears ordinance for amendments to bankruptcy code● TCS expands operations in Florida as part of Transamerica deal● F-16 fighter jet production can make India an export hub: Lockheed Martin● Govt may set reserve price for Air India sale by June endBusiness Standatd● CESC March quarter profit drops to Rs292 crore● Vedanta Resources operating profit...

  • posted by IMV |
  • 24/5/2018

Nifty 10430/Sensex 34344/ Bank Nifty 2568514 Advances / 35 Declines/ 1 UnchangedMarket drops sharply in broad-based sell-offDomestic equities suffered sharp losses tracking weakness in global stocks. The barometer index, the S&P BSE Sensex, lost 306.33 points or 0.88% to settle at 34,344.91. The Nifty 50 index lost 106.35 points or 1.01% to settle at 10,430.35. Stocks across the globe fell as investors continued to assess potential trade...

  • posted by IMV |
  • 23/5/2018

Gold prices witnessed a sharp rise from its recent bottom due to rising tension between US and North Korea ahead of scheduled meet on 12th June. Topping out dollar along with uncertainty over the outcome of the US and China trade talks, while investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for the US interest rates also boosted the safe heaven appeal for yellow metals.Oil prices traded moderately lower...

  • posted by IMV |
  • 23/5/2018

4th wave (Hectic wave)Are you not able to mint money because of both side movement?Need support and guidance... First check Today’s PerformanceFuture Regular... Mind blowing gains more than 20000/-Tata Motors buy from 308--316.50. Gain of more than 12000/-Pidilite India buy from 1122---1126. Gain of 4000/-Hind Petro sell from 297---294.00. Gain of more than 4000/-Bank of Baroda buy from 138.50--139.50. Gain of 4000/-Zeel from 560–558. Loss of...

  • posted by IMV |
  • 23/5/2018

We have seen sharp decline in Indigo from top of 1520.00 till 1085.00 down by almost 28%.Indigo future made high of 1520 on 20 April 2018 and current trading around 1164.00. On daily chart Indigo looking positive above 1157 mark. Break and sustain above will take it to 1202-1215 and then to 1225 mark in day to come else could touch its support level of 1112.00. Below 1112 it will negate our positive view on it. RSI and MACD showing positive...

  • posted by IMV |
  • 23/5/2018

Fundamental Aspect:Dhania future prices traded moderately lower on good supply side due to peak harvesting season. However, expectations of good buying activities from lower levels may likely to support dhaniya prices in near term. Cheaper imports from other nations are resulting in limited demand for the domestic stocks amid higher availability. Production in the current season is seen falling by around 30% Y/Y due to shift in acreage and this...

  • posted by IMV |
  • 23/5/2018

The Indian rupee tumbled further against rising U.S dollar after China and the US struck a deal to avert a trade war. Increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin stated that, the trade war with China is on hold amid hopes of relaxing trade tensions between the two major economies also weighed down the local unit. Higher crude oil prices and losses in Asian currencies too influenced rupee...