Written by vs777 on February 6, 2012

Nifty Trend

On daily charts, Nifty future gave breakout from the channel pattern and was able to close above this pattern at 5333. But, low volumes were witnessed which indicates less strength for bulls to continue and it may find resistance near to 5380 levels while if it is able to sustain above 5400……click here

Written by vs777 on February 6, 2012

Nifty Weekly

Markets again settled on a bullish note for the fifth consecutive week. Nifty future was able to close above 5300 on strong FII inflows, global cues and quarterly results. On weekly charts, it has given a breakout from the channel pattern which indicates …….. click here

Written by vs777 on February 6, 2012

MCX COPPER after making highs last week traded lower for first half of the week where it tested 410 level and gained effectively on last day where 420 became the resistance level for it. It is neither able to touch lower nor upper band of the channel on daily charts. In the coming sessions ……………click here

Written by vs777 on February 6, 2012

On daily charts, MCX Crude oil is standing at its crucial support level of 4700. If this support breaks then crude will enter in weak zone where it will find support 4680. If it is unable to sustain at these levels then next support is around  4400. On other hand if it sustain ……………click here

Written by vs777 on February 6, 2012

MCX GOLD, last week traded sideways and faced strong resistance at 28600 while showed steep downfall on last day of the week and found support around 27900 levels. It is expected to get support at the trend line on daily charts around 27750. If it breaches ……………click here   

Written by vs777 on February 6, 2012

Copper  imports by China is seen declining in coming months on the back of a strong buildup of inventories and closing of the arbitrage window. China is the largest consumer of copper in the world, accounting for about 40% to total global consumption. In August, copper prices had crashed on the back of mass liquidations across asset classes. The lower prices had caught Chinese interest, who ……………click here

Written by vs777 on February 6, 2012

Oil prices hovered above $96 a barrel Friday in Asia as traders awaited a key jobs report for evidence about the strength of the U.S. economy. Benchmark crude for March delivery was up 4 cents at $96.40 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $1.25 to settle at $96.36 on Thursday. Brent crude ……………click here

Written by vs777 on February 6, 2012

Gold prices slipped on Friday, surrendering gains that earlier took the precious metal to an 11-week high, after better-than-expected US payrolls data lifted the dollar and called into question the prospect of further US quantitative easing. Expectations that US monetary policy will remain ultra-loose have boosted investors’ appetite for bullion this year, lifting prices 12 percent since end December. Spot gold ……………click here

Written by vs777 on February 3, 2012

The European session is seeing the EUR/USD mounting, fully repeating yesterday’s victims, and printing further gains despite the weak EMU retail sales data just released. Retail sales monthly change in December was a drop by -0.4%, when analysts expected a rise of 0.3%. In the yearly basis, data fell further from -1.5% to -1.6%. The consensus ……….click here

Written by vs777 on February 3, 2012

Brazil’s Crude Oil and Natural Gas output hit a record high, as per latest data by the National Petroleum Agency showed. Brazil is the ninth largest oil producer in the world. The country produced 768 million barrels of crude oil and 24 billion cubic metres of natural gas last year. Total output was at 919 million Barrels of Oil ……. Click here