Showing posts with label Commodity Tips. Show all posts
TOP CORPORATE NEWS 15 September 2014
·
Yes Bank falls further, FIIs need
RBI nod to buy shares
Shares of
Yes Bank declined further to 4% after the Reserve Bank of India on Friday said
the foreign investors will need RBI's approval to buy additional equity in the
private sector lender.
·
LIC Housing to focus on high
yielding products
LIC Housing
Finance Ltd expects margins to improve led by reduction in its borrowings from
the banks and focus on high yielding loans like loan against properties.
·
RIL's $10 billion investment
depends on government approval
Reliance
Industries $10 billion investment in new fields off the east coast depends on
the government approving acceptable gas price, says its partner in KG D6 basin,
Niko Resources during its annual general meeting.
·
Mastek up 15%, to merge insurance
products & services biz
Shares of Mastek are
roaring with hefty gains after it announced demerger of the insurance products
and services business into a separate listed company.
COMMODITY MARKET STRATEGY 15 SEPT. 2014
BASE METAL WRAP:
Copper lead most industrial metals lower after factory and retail-sales
data signalled further slowing in China, the world’s biggest user.
ENERGY WRAP:
West Texas Intermediate and Brent crude declined for a second day as
China’s industrial output expanded at the weakest pace since the global
financial crisis.
PRECIOUS METAL WRAP:
Gold rallied from an eight-month low, snapping three days of losses, on
speculation that reduced prices may spur purchases before the Federal Reserve
begins a two-day policy meeting.
GLOBAL EVENTS TO WATCH:
Empire State Manufacturing Index, Capacity Utilization Rate, Capacity
Utilization Rate.
Commodity Market Levels |
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Bullion- Market :- |
Agri – Market ;- |
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CS CHANA (SEPTEMBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2780
SUP2:2740
RESIST1:2830
RESIST2:2870
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
|
CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:417
SUP2:412
RESIST1:426
RESIST2:428
TRADING STRATEGY: SELL ON
RISE
WWW.CAPITALSTARS.COM +917316790000
|
|
CS JEERA (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:10675
SUP2:10530
RESIST1:10940
RESIST2:11100
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
|
CS CRUDE (SEPTEMBER)
OVERVIEW:
TREND BEARISH
SUP1:5550
SUP2:5500
RESIST1:5710
RESIST2:5780
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
|
|
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5980
SUP2:5850
RESIST1:6200
RESIST2:6370
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
|
CS GOLD (OCTOBER)
OVERVIEW:
TREND BEARISH
SUP1:26700
SUP2:26500
RESIST1:27430
RESIST2:27480
TRADING STRATEGY: SELL ON
RISE
WWW.CAPITALSTARS.COM +917316790000
|
|
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3080
SUP2:2950
RESIST1:3240
RESIST2:3280
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
|
CS SILVER (DECEMBER)
OVERVIEW:
TREND BEARISH
SUP1:40950
SUP2:40500
RESIST1:41800
RESIST2:42280
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
|
INDIAN BENCHMARK open lower, amid weak global cues,
INDIAN BENCHMARK open lower, amid weak global cues, as weak industrial
growth in July is likely to weigh on investor sentiment. Inflation data based on wholesale price index (WPI) for August to be
released later today.
FURTHER, SAIL will be in under
pressure after the process for the 5% stake sale by the government will
commence this week. Lupin Ltd has entered into an agreement with US-based
Salix Pharmaceuticals to market gastrointestinal drugs in Canada.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Friday while the DIIs
were net sellers of Rs. 208cr, as per the provisional figures released by
the NSE.
