Popular Post

Showing posts with label Base Metal. Show all posts

Rupee trading weak at 61.41

By : Simran Shah
The rupee was trading a tad weak at 61.41 against the dollar at 11.25 a.m. local time.

The rupee opened 15 paise lower at 61.51 per dollar against the previous close of 61.36 on dollar buying from importers and gains in the American dollar overseas.
The domestic unit hovered in the range of 61.40 and 61.51 in the morning trade.
The US dollar touched seven-year peak versus the yen on Monday as markets basked in the afterglow of the Bank of Japan's surprise stimulus push and looked forward to at least a hint of fresh action from European policy makers this week.
Forex dealers said besides the dollar’s gains against other currencies in the global market, increased demand for the American unit from importers weighed on the rupee but surging domestic equity market, capped the fall.
The rupee had gained nine paise to close at 61.36 against the dollar in the previous session on Friday.

Call rates, bond yields

The inter-bank call money rate, the rate at which banks borrow short-term funds from one another, opened higher at 7.90 per cent from the previous close of 7.10 per cent.
Yield on the 10-year benchmark 8.40 per cent government security, maturing in 2024, softened a tad to 8.26 per cent from the previous close of 8.27 per cent. Prices of the bond opened higher at ₹100.90 from the previous close of ₹100.78.
commodity tips, Doller , currency,

TOP CORPORATE NEWS 09 September 2014

By : Simran Shah

·        Apollo Tyres at record high, to set up new plant in Hungary

Shares of Apollo Tyres is setting up a new plant in Hungary at an investment of Rs 3,450 crore and the investment aid given by the country's government has been cleared by European Commission.

·        Tyre stocks gain as weak rubber, oil prices to boost margins

Shares of tyre companies were up 1-3% as lower raw material costs on account of weak natural rubber and declining crude oil prices would boost margins going forward.

·        Shares of five new F&O entrants gain

Share prices of five new entrants to the future and options (F&O) segment gained. NSE through a circular said that F&O contracts on Eicher Motors, Motherson Sumi, SKS Microfinance, Mindtree and TVS Motor would be available starting September 10, 2014.

·        Indusind Bank expands presence across New Delhi

Indusind Bank Ltd has opened a new branch across New Delhi. The Bank plans to further strengthen its presence and customer reach in the country’s capital with more branches in the coming quarters.


COMMODITY MARKET STRATEGY 09 SEPT. 2014

By : Simran Shah

BASE METAL WRAP: 
 Nickel lead industrial metals lower as the dollar climbed, curbing demand for commodities as an investment. Copper prices surged on Monday on solid trade data from China.

ENERGY WRAP
West Texas Intermediate crude rose for the first time in four days before stockpile data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: 
Gold traded near a three-month low as the dollar advanced on speculation the Federal Reserve will increase interest rates next year, curbing demand for an alternative investment. Platinum fell to the lowest since April.

GLOBAL EVENTS TO WATCH
NAB Business Confidence, Manufacturing Production m/m, BOE Gov Carney Speaks, NFIB Small Business Index, JOLTS Job Openings, FOMC Member Tarullo Speaks


COMMODITY MARKET LEVEL

BULLION COMMODITY

AGRI COMMODITY

CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:424
SUP2:420                   
RESIST1:432
RESIST2:438
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND  BEARISH
SUP1:2745                                                         
SUP2:2695                    
RESIST1:2870
RESIST2:2950
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5550
SUP2:5490
RESIST1:5700
RESIST2:5740
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS JEERA (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:10920
SUP2:10675
RESIST1:11100
RESIST2:11340
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS GOLD (OCTOBER) OVERVIEW:                               
TREND BEARISH
SUP1:27020
SUP2:26550
RESIST1:27480
RESIST2:27640
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:6310
SUP2:6164
RESIST1:6484
RESIST2:6820
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW:
TREND  BEARISH
SUP1:41200
SUP2:40500                     
RESIST1:42450
RESIST2:42950                                                        
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND  BEARISH
SUP1:3080
SUP2:2950
RESIST1:3280
RESIST2:3370
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
 In Nifty Futures Tips we provide you with Nifty Levels, Nifty Calls along with Bank Nifty Tips You would be getting complete strategy along with Targets & SL.  We Provide Best Intraday Sureshot Commodity Trading Tips. For 2 Days Free Trial, please visit our site at www.capitalstars.com or Call at 0731-6790000

- Copyright © Stock Tips Provider - free stock tips - Powered by capitalstars - Designed by E-Marketing Team -