MARKET UPDATE AND NEWS


MTECHTIPS EQUITY MARKET NEWS

MTECHTIPS:-Market Snapshot:&Options Analysis:

Nifty futures snapped the two trading days winning streak and finally closed in red with profit  booking seen especially in rate sensitive sectors like Banking, CG and Realty space. Nifty maintained the tight trading range of around 100 points throughout the week. Market witnessed buying interest only in Auto, CD and Metal space whereas selling pressure was seen in Banking, CG, Realty, Power, Oil & Gas, HC and PSU sector stocks. Nifty future closed at premium of 12 points as compare to previous day’s premium of 14 points. If Nifty future sustains above 5280-5300 zone, then only positive move may be seen towards 5350 levels. Whereas on downside if it sustains below 5200-5180 then selling pressure may get intensified towards 5150-5120 levels.On the Options front, maximum Call OI is at 5300 strike followed by 5400 strike whereas maximum Put OI is at 5000 followed by 5100 strike price. PCR based on OI has come near by psychological one levels if breaches this level and sustains below it then further sell off could not be ruled out in the market. The Put Call Ratio based on Open Interest of Nifty moved down from 1.1 to 1.03 levels. HV of Nifty moved down from 18.26 to 18.07 levels and IVs also moved down from 14.88 to 14.64 levels. Nifty future saw marginal increase in OI by 0.38% with a fall in price by 0.77%. The market turnover increased by 6.09% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 6.09%.

MTECHTIPS:-Technical Snapshot:

The Nifty futures gave a flat to negative opening and the index failed to hold on to the levels of 5340 and slipped soon to close in red. The index witnessed choppy session with the markets moving around the 5200 levels for the day and closing with losses. Snapping their two days winning streak, key domestic benchmarks ended the Friday’s trade with over half a percent cut as market participants chose to take some profits off the table amid sluggish global cues.The negative close could also be attributed to the profit taking by traders who witnessed strong gains for the week.  The sentiments also remained subdued after Public sector undertaking (PSU) oil marketing companies (OMCs) BPCL, HPCL and IOC edged lower as international crude oil prices surged for the seventh straight session on concern that Middle East tensions will pose potential supply disruptions. While, the shares of sugar companies like Shree Renuka Sugars, Balrampur Chini Mills, Sakthi Sugar and Dhampur Sugar Mills tumbled in the trade, after Cabinet Committee on Economic Affairs (CCEA) approved the hike in the fair and remunerative price (FRP) of sugarcane by 17% to Rs 170 per quintal. On the sectoral front rate sensitive banking space remained the biggest loser on concern that there may not be any further rate cuts by the Reserve bank of India (RBI) in its upcoming monetary policy review. In addition, the power companies came under pressure after slapping of 21% duty on imports of power equipment, expressing their disappointment at the decision, power companies have said that the move would raise equipment prices and raise electricity tariffs.

18 thoughts on “MARKET UPDATE AND NEWS

  1. MTECHTIPS MCX JOBBING PACK BEST NEW PACK
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  3. MTECHTIPS MCX GOLD SILVER BEST TRADING VIEW…………….TODAY MORNING PAID CLIENTS SELL ON GOLD SILVER
    SELL POSITION BOOK PROFIT NOW GOLD LOW HIT 29516 SILVER LOW HIT 53075 ENJOYYYYYYYYYYYYY……………….

    Mcx gold trading tips and supports and resistances for today

    mcx gold future trading at 29650.after opening negative trading flat to downward. for today gold momentum remaind bearish if hold this 29,600 to 29,650 levels below.
    for tomorrow we are bullish on gold with stoploss above 29,750 and keep targets at 29,510 and 29,430. we seen gold prices trending with higher tops and higher bottoms.indicators also showing that gold is in sideway trend and trend may continue tomorrow. rupee will remain major affecting factor for gold prices.

    Mcx silver trading tips and supports and resistances for today:-
    mcx silver currently trading at 53,400 with gains of almost 0.5%.after opening gap up we seen intraday highs of 53,572.for tomorrow momentum may remain on upside as dollar index showing some signs of softing.traders should carry there long positions maintain at 53600 above and keep targets at 53,900 to 54,200 for tomorrow.here also as like gold we seen higher tops and bottoms trend in silver prices .rsi moved above 50 mark while macd formed rounding bottom!!both pointing towards that silver price will give breakout on upside.for tomorrow opening will also depend on rupee movement. and 53500 below shortly down trend in market and kill also 53,000 to 52,700 mark this level .
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  4. MTECHTIPS GOLD SILVER SPOT USD INTADAY TRADING STRATAGY

    MTECHTIPS gold spot comex intraday trading view:-

    gold currently trading at 1573.today high 1583 and low was 1565.on sharp breakdown currently building as gold slumped from 1579 to 1566.it is fresh breakdown and for tomorrow traders should stay on short side with stoploss above today high of 1583 and keep targets at 1552 while in extreme 1535 can be possible.indicators given fresh downside movement.and as told earlier this time look like gold is going for 1480 on lower side while reversal will be considered on long side if and only if give weekly closing above 1640.

    MTECHTIPS silver spot comex intraday trading view:-

    silver also trending in lower tops and bottoms.currently trading at 27.05. today low was 26.73 while high was 27.22.here expect range bound movement big move will only happen below 26.2 while till range bound with negative momentum.for tomorrow traders can take short position with stoploss at 27.25 and expect targets of 26.4 to 26.2.on weekly chart silver showing signs of bounce back but as global fundamental turning look less likely fundamentally!!

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  5. MTECHTIPS MORNING UPDATE GOLD SILVER SPOT USD INTADAY TRADING STRATAGY

    PAID LIENT PROFIT BOOK 14000/-
    MCX AUG GOLD SELL 29300-320 STOPLOSS 29400 TGT 29170 TGT 29050

    PAID CLIENT PROFIT BOOK 15000/-
    MCX SEP SILVER SELL 52650 STOPLOSS 52900 TGT 52250 TGT 51950

    MTECHTIPS gold spot comex intraday trading view:-

    gold currently trading at 1573.today high 1583 and low was 1565.on sharp breakdown currently building as gold slumped from 1579 to 1566.it is fresh breakdown and for tomorrow traders should stay on short side with stoploss above today high of 1583 and keep targets at 1552 while in extreme 1535 can be possible.indicators given fresh downside movement.and as told earlier this time look like gold is going for 1480 on lower side while reversal will be considered on long side if and only if give weekly closing above 1640.

    MTECHTIPS silver spot comex intraday trading view:-

    silver also trending in lower tops and bottoms.currently trading at 27.05. today low was 26.73 while high was 27.22.here expect range bound movement big move will only happen below 26.2 while till range bound with negative momentum.for tomorrow traders can take short position with stoploss at 27.25 and expect targets of 26.4 to 26.2.on weekly chart silver showing signs of bounce back but as global fundamental turning look less likely fundamentally!!

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  6. Mcx
    13-07-2012
    MTECHTIPS TODAYS SUPPORT RESISTANCE LEVELS
    GOLD
    S.29147-29071
    R.29312-29401

    SILVER
    S.52379-51742
    R.53477-53938

    CRUDEOIL
    S.4736-4693
    R.4809-4839

    COPPER
    S.420.4-422.1
    R.423.4-424.7

    ZINC
    S.102.7-102.2
    R.103.6-104.1

    LEAD
    S.103.6-103.3
    R.104.1-104.2

    NICKEL
    S.883-876
    R.901-913

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  7. MTECHTIPS MORNING UPDATE SILVER SPOT USD AND MCX INTADAY TRADING STRATAGY

    Mtechtips Silver comex spot and mcx intraday trading analysis :-

    silver on other hand crossed major resistance zone in momentum is bullish.above 27$ levels traders stay long for 1 to 1.5% price rally in silver.for tomorrow expect 27.5 to 27.9 as targets while stoploss must be below 27$.indicators also looks strong as compared to gold !!silver is more oversold than gold and may outperform gold by giving more bounce back rallies than gold.

    on mcx silver future closed at 52,974 with last hour rally of 800 points!!now for all longs 52700 is trailing stoploss while upside targets seems to be at 53,650 and then 54,300!!

    and most important thing is that on silver given first reversal sign!!

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  8. MTECHTIPS MORNING UPDATE GOLD SPOT USD AND MCX INTADAY TRADING STRATAGY

    Mtechtips gold comex spot and mcx intraday trading analysis

    gold given bounce back of 1% from support of 1552 now trading at 1566.for tomorrow we expect 1570 to 1574 will remain strong supply area so traders below this stay short for targets 1555 to 1545 once again.buying with short term view will be done if gold cross 1580 on closing basis. chart after bounce back indicators now again showing signs of weakness!!

    on mcx gold future now consolidating after sharp fall on strong rupee. oversold zone and tomorrow traders should go long above 29,325 only while new shorts will be created below 29,100.

    technically look like gold will find support around 28,800-28,900 only!!
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  9. MTECHTIPS MCX TRADING STRONG BUY SELL LEVEL

    MCX CRUDEOIL VIEW UP SIDE 4820 LOW SIDE 4747 LEVEL
    SELL BELOW 4820

    MCX COPPER 425.3 ABOEV UP LOW SIDE 421.9
    SHORT BELOW 425.3

    MCX NICKEL UP SIDE 898 LOW SIDE 880 LEVEL
    SELL AT RISE 898

    MCX ZINC UP SIDE 103.85 LOW SIDE 102.95 SELL
    BELOW 103.85

    MCX NGAS UP SIDE 166.6 LOW SIDE 156.8
    BUY AT LOW SIDE

    SILVER UP SIDE 53700 LOW SIDE 52610
    WATCH AT THIS LEVELS

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  11. 17-07-2012
    MTECHTIPS TODAYS SUPPORT RESISTANCE LEVELS
    GOLD
    S.29192-29104
    R.29349-29418

    SILVER
    S.52494-52242
    R.52916-53086

    CRUDEOIL
    S.4777-4735
    R.4845-4871

    MTECHTIPS
    COPPER
    S.424.1-425.2
    R.426.3-427.4

    ZINC
    S.102.6-102.1
    R.103.7-104.3

    LEAD
    S.103.3-102.7
    R.104.5-105.1

    NICKEL
    S.890-886
    R.897-900

  12. MTECHTIPS MCX TRADING STRONG BUY SELL LEVEL

    MCX AUG GOLD VIEW UP SIDE 29385 LOW SIDE 29225
    BUY ABOVE 29225

    SILVER UP SIDE 53200 LOW SIDE 52580
    BUY ABOEV 52500 SUPPORT 52200

    MCX CRUDEOIL VIEW UP SIDE 4920 LOW SIDE 4790
    BUY ABOVE 4815

    MCX COPPER 429.5 ABOEV UP LOW SIDE 422
    BUY ABOEV 424

    MCX ZINC UP SIDE 104.5 LOW SIDE 103.3

    MCX LEAD UP SIDE 104.8 LOW SIDE 103.60
    BUY ABOEV 103.6

    MCX NICKEL UP SIDE 905 LOW SIDE 892 LEVEL
    BUY LOW SIDE 892

    MCX NGAS UP SIDE 158 LOW SIDE 149.5
    SELL 158 BELOW

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  13. Mtechtips gold comex spot and mcx intraday trading analysis

    mcx gold currently trading at 29,280.after opening lower gold recovered losses and trading strong on weak rupee.comex gold trading at 1587. dollar index above 83.5 on weak global outlook all these factors supporting domestic gold prices.for tomorrow traders above 29,250 stay long for targets 29,355 to 29,480.currently gold trading above its daily pivot that is also a bullish sign. already given buy signal and moving upward while cci below zero!gold made technical double bottom at 29,170 and that will be strong support for short term view.

    comex gold or spot goldcomex spot consolidating after bouncing back from 1560$. above 1593 will be fresh breakout and above this expect rally upto 1605-1612 while on downside 1580 is good support area.

    Mtechtips silver comex spot and mcx intraday trading analysis

    mcx silver currently trading at 52830.so 52,300-52,400 above this momentum likely to remain bullish and traders should stay long with stoploss below 52,300 for targets above 53,000.

    comex silver or silver comex spot trading around 27.2 and we seen sharp pull back from 26.6 and now consolidation is going on.above 27.5 will be fresh breakout while below 27 this bullish momentum will disturb and again 26.4 will be expected!!

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  14. MORNING UPDATE AGAIN SEND AND PLZ CHK AT TODAY HIGH LOW

    MTECHTIPS MCX TRADING STRONG BUY SELL LEVEL

    MCX AUG GOLD VIEW UP SIDE 29385 LOW SIDE 29225
    BUY ABOVE 29225

    SILVER UP SIDE 53200 LOW SIDE 52580
    BUY ABOVE 52500 SUPPORT 52200

    MCX CRUDEOIL VIEW UP SIDE 4920 LOW SIDE 4790
    BUY ABOVE 4820

    MCX COPPER 429.5 ABOEV UP LOW SIDE 422
    BUY ABOEV 424

    MCX ZINC UP SIDE 104.5 LOW SIDE 103.3

    MCX LEAD UP SIDE 104.8 LOW SIDE 103.60
    BUY ABOVE 103.6

    MCX NICKEL UP SIDE 905 LOW SIDE 892 LEVEL
    BUY LOW SIDE 892

    MCX NGAS UP SIDE 158 LOW SIDE 149.5
    SELL 158 BELOW

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  15. MTECHTIPS MCX TRADING STRONG BUY SELL LEVEL

    MCX AUG GOLD VIEW UP SIDE 29330 LOW SIDE 29120
    SELL BELOW 29330 SUPPORT 29120 THEN 28850

    SILVER UP SIDE 53300 LOW SIDE 52600
    BUY SELL ONLY MID LEVEL 52650 ABOEV BELOW LOW SIDE 520100-51650

    MCX CRUDEOIL VIEW UP SIDE 4970 LOW SIDE 4868
    BUY ABOVE 4865

    MCX COPPER 425.5 ABOEV UP LOW SIDE 419.5
    SELL BELOW 425.5 LOW SIDE 420

    MCX ZINC UP SIDE 103.5 LOW SIDE 101.95
    MID LEVEL 103.5 BUY SELL ONLY 103.5 ABOEV BELOW

    MCX LEAD UP SIDE 105.15 LOW SIDE 104.30
    BUY ABOVE 103.6

    MCX NICKEL UP SIDE 905 LOW SIDE 889 LEVEL
    890 SUPPORT LEVEL AND 905 ABOVE BUY LOW SIDE 890 BELWO 865

    MCX NGAS UP SIDE 159 LOW SIDE 154
    SELL 154 BELOW LOW SIDE 149.0

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  16. Mtechtips gold comex spot and mcx intraday trading analysis

    mcx gold currently trading at 29,229.gold made its high at 29,370 while today low was 29,190. gold given breakout but above it not sustained and now trading with fall.fed disappointment started sell off in comex gold but that much sell off not seen in domestic gold due to up-ticking of dollar index.traders below 29,300 stay short for targets of 29,200 and then 29,100.tomorrow weak rupee may support gold prices but as comes gold started sell off,mcx gold may show us below 29,000 levels.

    gold spot or comex gold trading at 1581 with today high at 1598 while low of 1571.we seen failure to breech 1600$ level which resulted in fall and news flow also supported it.here we expect that fall will continue and traders should expect levels of 1570 to 1550 again.gold around 1598 mad double top and that also a technical reason of sell off.for short positions stoploss should be above today high of 1598.

    Mtechtips silver comex spot and mcx intraday trading analysis

    mcx silver currently trading at 52,790.silver recorded yesterday high at 53,070 means almost touched today’s r2 and fall down!!while today’s low was 52,375.on chart silver also given bullish breakout but failed to sustain on follow up buying or increased volatility.for tomorrow traders below 52,800 stay short for targets of 52,500 to 52,300 while above 52,800 silver may give bounce back rally upto 53,300. To 53600

    silver spot or comex silver looks weak and currently trading at 27.44.today’s high was recorded at 27.58 while low was 26.76.here traders stay short with stoploss of 27.6 for targets of 27 and below for tomorrow.silver also made “double top” around same 27.58 and from that point selling started.on indicators side no clear cut direction is seen!!

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