Commodity Face Today : 1July 2015
Gold Future fell from the prrvious session amid a stronger dollar , as emergency talks in the Greek Debt Crisis dragged into the final hours before a second bailout from international creditors expired on Tuesday evening.
Sen***, Nifty are trading strong today. Sen*** is up with 100 points trading at 28046.72 and SEN*** is trading at 8469.15 with 25 point gain. Where as Midcap, Smallcap gain for 4th day.
HDFC twins, Lupin, BHEL and Cipla are top gainers in the Sen*** while Hindalco, Tata Motors, Coal India, Wipro and Maruti are among losers.
The market recovered all its early morning losses with the Sen*** rising 21.23 points to 28114.02 and the Nifty climbing 9.70 points to 8494.60.
NMDC Ltd. is a ‘SELL’ call with a target of Rs 106 and a stop loss of Rs 118
UBL Ltd. is a ‘BUY’ call with a target of Rs 1112 and a stop loss of Rs 981
SEN*** AND NIFTY Closed Red Today, After up trend seen through out the day closed red. HDFC, Wipro and Coal India Topped the Buying List on sen*** and Rose up to 1-2 percent followed by ICICI Bank, Infosys, State Bank of India, Axis Bank and M&M with little gain points.
In NCDEX Market, The sowing of Soyabean is increased to tenfold and is expected that prices may fall in the coming days. The Lead -producing states much of the good rains this year have been sown soybean . According to Commodity MCX NCDEX Calls experts , it is likely to fall in soybean prices. The prices may fall to 3000-3500 per quintal told by experts.
Mcx Gold (august Futures ) Sell 26,300 To 26,400, Target - 25,700 To 25,600, Stoploss-26,700
MCX Silver (sept. Futures ) Sell 36,400 To 36,500, Target - 34,800 To 34,600, Stoploss-37 100
The uptrend for the Agri commodities Market got limited after the initial surge in rates as fall in Crude oil prices amidst profit booking at the higher levels limited the gains. Jeera continued trading with very high volatility as lack of strong demand amidst fall in other Spices prevented strong uptrend.
Short term support for NCDEX Jeera July contract is seen at 15600 and resistance at 16950. Intraday Tips, support is at 16150 and resistance at 16300.
Overall trend has turned bullish for NCDEX Chana futures. Chana July contract is likely to trade bullish for both short term and intra day. Bullish trend is likely for NCDEX Soybean futures in short term told by Commodity MCX NCDEX Calls Experts.
After a sharp increase in the Market rates, Decline is seen in the prices of Gold. MCX gold is looking weak and it seems to be under 25 720 rupees . With a decline of 0.25 per cent , while silver is trading below Rs 34 425, While natural gas is trading around 0.35 per cent to Rs 185.
Gold prices in the international market has slipped to a five-year low. Rs 25,500 per 10 grams in the domestic market, gold prices have come down. US interest rates are likely to rise this year and due to buoyant gold prices in dollars are down. According to experts, gold prices by up to Rs 24,000 in the next three months can occur.
MCX Gold Prices fell down tremendously to Rs 25,000 per 10 gm Monday morning triggered by a drop in overseas bullion to a five-year low of $1,080 an ounce (31.10 gms).
Best Commodity Market Tips Today :
BUY NCDEX Chana Aug Contract, Entry-4585-4580, Stop Loss- 4530, TGT- 1 / TGT- 2 - 4630/ 4680.
Buy NCDEX Menthal Oil Aug Contract, Entry-1000, Stop Loss- 992, TGT- 1 / TGT- 2 - 1015/
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Intraday Trading Tips Today:
‘PTC India is a ‘SELL’ call with a target of Rs 71 and a stop loss of Rs 64’
‘Sell Eicher Motors at around Rs 20,860, with a target of Rs 20,200 and a stop loss of Rs 21,100’
The market is consolidating as the Nifty holds above 8600-level. The 50-share index is up 4.80 points at 8638.30. The Sen*** is up 31.30 points at 28536.23. About 1519 shares have advanced, 705 shares declined, and 134 shares are unchanged.
Stock Market Tips Today :
‘BUY’ MindTree Ltd. with a target of Rs 1,355 and a stop loss of Rs 1,280.
'BUY Jain Irrigation Ltd. with a target of Rs 80 and a stop loss of Rs 76.
CLOSING UPDATES : Last day of the market closed at Negative Note Today. #Sen*** and #Nifty closed red at 28112.31 & 8521.55, Wipro lost 4 percent while ICICI Bank, Lupin, Tata Motors and GAIl were among laggards in the Sen***.
Bank of Baroda Ltd. is a ‘BUY’ call with a target of Rs 164 and a stop loss of Rs 153
Gold may move higher, but still not a time to go short In disagreement with Morgan Stanley, Brooks believes gold will not fall to $850, but instead have the possibility of a bounce due to production cuts and thus lower prices. She adds the average man on the street will be interested as he may see gold as overstretched.
Good one…
[B][U]CHANA (SEPTEMBER) TECHNICAL VIEW: [/U][/B]
TREND: MIXED TO BEARISH
RESISTANCE 2: 4745,
RESISTANCE 1: 4700,
SUPPORT 1: 4630,
SUPPORT 2: 4605.
STRATEGY: SELL ON RISE
[B]SHARE MARKET LIVE[/B]
chana (september) technical view:
trend: Mixed to bearish
resistance 2: 4745,
resistance 1: 4700,
support 1: 4630,
support 2: 4605.
Strategy: Sell on rise
soyabean (october) technical view:
trend: Mixed to bearish
resistance 2:3180,
resistance 1: 3150,
support 1: 3105,
support 2: 3085.
Strategy: Sell on rise
Mentha Oil kept trading with high volatility as moderate bounce back seen from the lower levels. However strong resistance is also seen at the 1000 levels for September contract. The down trend may be limited however as rising demand amidst lower arrivals supported the prices. Sources indicate rates have fallen to low levels over last few weeks and further fall may be limited as domestic and export demand rise.
SOYA OIL :- The downward trend has been persistent in soy complex till last week, amid ample export availabilities in South America, weak sentiments in crude palm oil, and a favourable global supply/stock outlook for 2015/16. Among the factors driving up global edible oils stocks are subdued demand for palm and soy oil by the biodiesel sector in Indonesia and Argentina.