COPPER 02.07.2012:- Sell below 426.50 stop loss 429.50 target- 423-420 ranges.
Monday, July 2, 2012
SILVER CALL 02.07.2012
SILVER 02.07.2012:- Buy above 53800 stop loss 53400 target-54200- 54500 ranges. (NEAL BHAI)
CRUDE OIL 02.07.2012
CRUDE OIL 02.07.2012:- Buy Crude Oil between 4605 - 4615, SL-
4544, Target - 4710/4750 (NEAL BHAI)
4544, Target - 4710/4750 (NEAL BHAI)
GOLD CALL 02.07.2012
GOLD 02.07.2012:- Sell Gold between 29755 - 29815, SL-29915, Target - 29575/29535
(NEAL BHAI 9999974733)
(NEAL BHAI 9999974733)
CURRENCY UPDATES 02.07.2012
CURRENCY UPDATES 02.07.2012:- The Indian Rupee posted its biggest daily gain in three years
on Friday after the Government confirmed it will not impose
retroactive taxes on foreign investors and as global risk asset
rallied.
The improved global risk environment comes as investors are
growing more hopeful of meaningful policy reforms at home
after Prime Minister Manmohan Singh, a former central bank
governor, took charge of the finance ministry.
The Government released draft rules on Thursday and said
the general anti avoidance rules or GAAR would not apply
retroactively, a big concern for portfolio investors.
Rupee (spot) ended at 55.50 against the previous day closing
of 56.81 and MCXSX futures ended at 56.0550 against the
previous day close of 57.11. (NEAL BHAI)
on Friday after the Government confirmed it will not impose
retroactive taxes on foreign investors and as global risk asset
rallied.
The improved global risk environment comes as investors are
growing more hopeful of meaningful policy reforms at home
after Prime Minister Manmohan Singh, a former central bank
governor, took charge of the finance ministry.
The Government released draft rules on Thursday and said
the general anti avoidance rules or GAAR would not apply
retroactively, a big concern for portfolio investors.
Rupee (spot) ended at 55.50 against the previous day closing
of 56.81 and MCXSX futures ended at 56.0550 against the
previous day close of 57.11. (NEAL BHAI)
GOLD & SILVER NEWS UPDATES 02.07.2012
GOLD & SILVER NEWS UPDATES 02.07.2012 :- Gold today recovered by Rs 65 to Rs 30,125 per 10 grams on retailers buying for the wedding season amid a sharp rally in global markets.
However, silver lacked necessary buying support and fell for the fourth day shedding Rs 50 to Rs 52,900 per kg.
The trading sentiment in gold improved as it recorded the highest jump in four weeks in global markets, climbing above $1,600 an ounce, after Europe's leaders took steps to resolve the debt crisis, boosting the outlook for global economic growth.
In New York, gold climbed 3.5 per cent to $1,604.20 an ounce, the biggest gain since June 1.
In addition, some buying for the ongoing marriage season further fuelled the uptrend in gold.
On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 65 each to Rs 30,125 and Rs 29,925 per 10 grams, respectively. The metal had lost Rs 360 yesterday. However, sovereigns held steady at Rs 24,400 per piece of eight grams.
On the other hand, silver ready remained weak for the fourth straight day and declined by Rs 50 to Rs 52,900 per kg and weekly-based delivery by Rs 75 to Rs 52,050 per kg. The white metal had lost Rs 1,450 in last three sessions.
Meanwhile, silver coins remained steady at Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.
However, silver lacked necessary buying support and fell for the fourth day shedding Rs 50 to Rs 52,900 per kg.
The trading sentiment in gold improved as it recorded the highest jump in four weeks in global markets, climbing above $1,600 an ounce, after Europe's leaders took steps to resolve the debt crisis, boosting the outlook for global economic growth.
In New York, gold climbed 3.5 per cent to $1,604.20 an ounce, the biggest gain since June 1.
In addition, some buying for the ongoing marriage season further fuelled the uptrend in gold.
On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 65 each to Rs 30,125 and Rs 29,925 per 10 grams, respectively. The metal had lost Rs 360 yesterday. However, sovereigns held steady at Rs 24,400 per piece of eight grams.
On the other hand, silver ready remained weak for the fourth straight day and declined by Rs 50 to Rs 52,900 per kg and weekly-based delivery by Rs 75 to Rs 52,050 per kg. The white metal had lost Rs 1,450 in last three sessions.
Meanwhile, silver coins remained steady at Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.
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