• posted by IMV |
  • 05/9/2018

Gold traded higher in domestic market amid upcoming festive demand in domestic market. While in the international market, gold was spotted trading a range due to the existence mixed sentiments in the market. The strong economic data of US is putting a pressure on the prices of gold while giving a boost to the value of Dollar. Since past few days, Dollar has been strengthening against other major currencies, which is a a matter...

  • posted by IMV |
  • 31/8/2018

Economic Times ● NCLT approves merger of Idea-Vodafone ● Banks drag Sensex lower, rupee falls beyond 70.80 against US dollar ● Paytm Mall to host BigBasket on its app in fight with Flipkart, Amazon ● Govt set to give green signal to ₹ 5,000 crore UTI AMC IPO ● DoT seeks ₹ 1,626 crore for clearing Airtel-Tikona merger Business Standatd ● From GDP growth to black money, costs outweigh...

  • posted by IMV |
  • 30/8/2018

शेर अगर दो कदम पीछे हटे, इसका मतलब ये नही कि वो डर गया Above quote is for Nifty and USDINR as both are slightly lower from the top while Crude oil rallied once again in recent days. Don't judge the market because here a quote follows nicely that  TREND IS YOUR BEST FRIEND.  Every one is waiting from 10600 mark  'KI MERE KARAN ARJUN AAYENGE' means soon Index will take reversal and will see sharp downside move in the...

  • posted by IMV |
  • 30/7/2018

Gold traded sideways amid mix sentiments in global market. The on-going war of words between Iran and U.S is creating uncertainty in global market which in turn is supporting safe heaven prices. On the other hand, the market participants are eyeing on upcoming FED meet to gauge the scenario of interest rate. Before FED meet a rise in dollar index was noticed which further lid the gains in gold. As per the recent data by CFTC a total of...

  • posted by IMV |
  • 10/7/2018

Gold traded with mixed tone today amid weaker than expected U.S economic data boosted sentiments for safe heaven and supported the price. A considerable fall in dollar index was noticed after U.S wages growth 0.3% against 0.25% last month further depreciated dollar. The ongoing trade tension between major economies is slowing down the further economic growth of the countries. The market participants are eyeing the recent...

  • posted by IMV |
  • 04/7/2018

Technical Level      Copper Our sell call from 458/451—439 has proven great Now what to expect? Support at 438 and Resistance at 448. Break and close below 438 will take it to 425—418 marks else could touch its resistance level of 448. Fresh buying can be initiated only on close above 448 marks. Trade with levels only. Nickel...

  • posted by IMV |
  • 26/6/2018

Gold traded lower today amid potential meeting possibility between China and U.S to resolve ongoing trade tension between two major economy of the world. Slight rise in dollar index further curbed the prices. Also 10 years U.S treasury bond yields rose which indicated the odds of increasing interest rate in U.S.A. If this happens we may see further pressure on the safe heaven as it is a dollar denominated asset. Market participants will...

  • posted by IMV |
  • 22/6/2018

Technical Level     Copper Our sell call from 458—452 has proven great Now 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. Nickel...

  • posted by IMV |
  • 07/6/2018

Gold future prices traded higher amid depreciation in dollar as East Asia and U.S risk receded. The prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June, which might lift the opportunity cost of...

  • posted by IMV |
  • 05/6/2018

Gold future prices traded steadied today despite support from a retreat in the dollar as Italian political risk receded, but the prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June. The Fed aim of...