Wednesday, 23 July 2014

Report on Soyaoil










Report on Soya Oil  Business Standard Mumbai edition Page no 5 


- OILING THE WHEELS OF SOYA INDUSTRY- 






























More will update soon...

Update on Zinc







Zinc





As you all know that we are holding long in Zinc from 125.00 level and now trading around 142.50









On seeing monthly Chart... Still looks superb and will see unexpected move in Zinc in coming months


Zinc breached the resistance level of 137 mark nicely on monthly after long run of 7 years

Three consecutive weekly close + monthly close above 137 will see nonstop rally in Zinc till 150---153 and then to 163+ mark in days to come

Add Zinc and Zinc mini one lot at CMP... Add more lot around 139---136 with stop loss below 130.00 on closing basis

On Monthly Chart.... RSI and and MACD also indicate positivity
  


Buy in panic buy be in your limit... Have patience. Target and Levels are for next 3 months
























More will update soon...

Update on Bullion, Base Metal and Energy










Gold



Highly range bound trading though traded with negative bias and this trend remain continue in today's trading session too

Now what to expect???

Sustain below 27900 will take to 27700---27550 and then to ???

Fresh buying can initiate only weekly close above 28600 mark

Traders can sell Gold and Silver on rise around 28400 with stop loss above 28600 on closing basis for the initial target of 27900---27700---27650



Silver



Support at 44600 and Resistance at 45800---46400

Close below 44600 will take to 44200---43900. Three consecutive closes + weekly close below 43900 will take to ???

Else it could test its resistance again

Further upside rally seen only weekly close above 46400 mark

Traders can trade with levels only



Copper



Support at 427 and Resistance at 433

Close below 427 will take to 423---418 and then to ???

Else it could test its resistance again

Fresh buying can initiate only close above 433 mark. Till then traders can trade in a range with strict stop loss and wait for conformation



Crude oil



Our Hurdle and target was 6270. Made a high of 6254 and crashed vertically

Now what to expect???

Fresh buying can initiate only close above 6260 level else it could test its support level of 6130 and then to 6090---6050 mark again

Traders can trade with levels only



Natural Gas



Panic continueeee and made a low of 227. We are holding short from 263---246---236

Now what to expect???

Close below 227 will see further panic till 223---219 mark

Resistance intact at 233

Traders can trade safely as per levels only... As will expect dead cat bounce from lower levels

Anything seems will update via SMS


















































More will update soon...

Daily Currency Update - Dollar/rupee in the inter bank offshore market fell after geopolitical tension in Ukraine eased



























Dollar/rupee in the interbank offshore market fell after geopolitical tension in Ukraine eased and as inflation in the US came in one expected lines strengthening expectations of no immediate hike in interest rates by the Federal Reserve.
Pro-Russian rebels handed flight recorders and the remains of a downed Malaysian airliner to authorities which soothed nervous investor’s sentiments. 
Consumer price index inflation in the US remained unchanged in June at 2.1% from a year earlier while CPI in June also rose on expected lines 0.3% from a month earlier.

USDINR remained in very small range on Monday. A doji candle stick formation on EOD chart is indicating for indecision among the USDINR traders. It is expected to continue to consolidate or trade range bound on Wednesday also unless the pair gives closing above 60.65 or below 60.10 levels








EURINR broke the crucial support 81.40 on Tuesday, and after 
hitting a low of 81.3125 settled at 81. For Wednesday bearishness till 81.20-81.00 levels could be expected in EURINR following to a long black candle stick formation.  


Recommendation: Sell 81.30-81.35 target 81.20-81.00 with stop loss 81.45.











Intraday price movement in GBPINR was sluggish, after a whole day consolidation at 102.90 it formed a hammer candle stick which may be sign for short term pullback. Furthermore, GBPINR would need to trade below 102.80 in order to give correction till 102.60 and 102.40.


                Important factor/data:   BOE Gov Carney Speaks










JPYINR traded breached the 59.45 level on Tuesday and tested 59.33 before closing at 59.3850 levels. On Wednesday, a bearish move till 59.20-59.10 levels could be expected in JPYINR following a negative crossover between RSI 14 and its 9 SMA on EOD chart.


Recommendation:  Sell around 59.45-59.40 target 59.20 SL  59.55.








































More will update soon...

Though for the day







Tuesday, 22 July 2014

Update on Gold, Silver, Crude oil, Aluminium and Zinc








Toneeees of money minted in yesterday's trading session... Hope you all enjoyed a lot!!




Have a look on it!!






Gold




Told to buy around 28000 with stop loss 27900. Spurts and made a high of 28217 and slipped again

Now what to expect???

Support at 27900 and Resistance at 28400---28650

Decisive close below 27900 take to 27700---27550 and then to 27400 mark in days to come else it could test its resistance level of 28400---28650 mark again

Further upside rally seen only close above 28650 mark

Till then traders can trade in a range with strict stop loss and wait for conformation. Anything seems will update via SMS




Silver



Too told to buy Silver around 45050---45000 with stop loss of 44600. Spurts and made a high of 45535 and settled at 45174

Now what to expect???

Support at 45000---44600 and Resistance at 45800---46400

Traders can trade in a range with strict stop loss and wait for conformation... Anything seems will update via SMS



Crude oil



Sent message to buy Crude oil around 6210---6200. Booked full profit at 6265

Now what to expect???

Support at 6170 and Resistance at 6270

Two consecutive closes above 6270 will take to 6330---6370+ mark in days to come else it could test its resistance again

Fresh selling can initiate only close below 6170 mark

Trade with levels only



Aluminium



Rally continueeee... Made a high of 121.65. We are holding long from 115.20. Too recommended buying in Aluminium at 120 mark

Now what to expect???

Two consecutive closes above 120.00 will take to 122.50---124.00+ mark in days to come

Book part profit and in panic will buy with revise stop loss of 119.00 on closing basis




Zinc



Too rally continueee... Told to buy Zinc at 139.20. Just made a high of 142.15.

Now what to expect???

Support at 139.00 and Resistance at 142.50

Two consecutive closes above 142.50 will see further upside rally till 144---145+ mark in days to come

Traders holding long as per our level can book part profit and revise stop loss of 139.00 on closing basis

Others can trade with levels only














































More will update soon...

Currency Update - USDINR remained between 60.20-60.40 expected range























USDINR remained between 60.20-60.40 expected range. The two inverse hammer candle stick formation on EOD chart is indicating indecision among the USDINR traders. We expect consolidation or range bound move in USDINR continue unless it gives closing above 60.65 or below 60.10.  
  
 Dollar/rupee in the interbank offshore market on caution ahead of the release of retail inflation for the US amid uncertainty over recent geopolitical tensions.  Dollar/rupee in the non-deliverable forwards market maturing in one month rose to Rs 60.52/$1 compared to previous close Rs 60.47/$1 and onshore spot previous close of Rs 60.30/$1.

 Malaysia reached an agreement with the Separatist group to retrieve bodies of 298 passengers that were killed in the downing of a civil aircraft in Ukraine-Russia border.
 Demand for safe-haven assets dampened appetite ahead of the release of US compnay earnings and the yield on the 10-year US treasury erased 2 bps to 2.48%.







Intraday price movement in EURINR was flat, and after hitting a day low 81.5075 pair settled at 81.66. For Tuesday a bullish move till 81.90 levels could be expected in EURINR following to an inverted hammer candle stick formation. On the downside, a breakdown below 81.40 levels would result in a correction till 81.20-81.00 levels or below.








Intraday price movement in GBPINR was little bit volatile, and after hitting a high 103.20 levels the pair pulled down till 102.91 levels and closed at 103.12 levels. For Tuesday a short term correction 102.82-102.60 levels could be expected in GBPINR unless it gives closing above 103.25 levels which is coincide with 38.2% Fibonacci retracement. A breakdown below 102.95 levels would result in a correction till 102.50 levels or below.







JPYINR traded above the near term resistance of 59.45 levels and made a high of 59.6325 levels before closing at 59.5650 levels. On Tuesday, a bearish move till 59.20-59.10 levels could be expected in JPYINR following a bearish hamrai candle stick formation on EOD chart.


















































More will update soon...