Crude Oil Is Under Pressure and Commodity Trading Tips

Commodity Trading TipsCrude Oil Commodity Trading saw huge gains during initial half of the week as markets took note of deal between Iran and Western members getting delayed over implementation whereas lower production anticipation from US in medium–term too supporting, Prices also got boost from signs of demand increasing in Asia region as Saudi Arabia increased its premiums for exports in the region. As per data from the government, Saudi raised the prices for all oil-grades it will sell to Asia for May month. Saudi hiked its prices for Arab Light grade for Asian customers by $0.30 a barrel compared with April. However, it should be noted that as Saudi reduced its discount compared to Oman and Dubai oil grades for Asian consumers, it negatively increased discounts being offered to European and US consumers.

In the other part of the world, US Crude inventory data came highly disappointing and acted against the commodity during middle sessions. US crude stocks as reported by DoE increased by 10.95 million barrels to a cumulative reading over 482.39 million barrels for the week ended April 3, another record level in last 8 decades. On a week on week comparison, this increase was the largest weekly rise since 2001. As overall production in the US remained stable to higher and imports too increase last week; crude stocks continue to add at a hefty rate. Additionally lack of demand on the product side due to lean

season is weighing on the commodity. Stocks at WTI delivery point Cushing gained 1.23 million barrels to its own fresh record of over 60 million barrels. Higher supply is pushing Cushing stocks higher since December whereas deep contango in the markets amidst lower demand for products too is providing further incentive to traders for adding more stockpiles at the WTI storage hub. As per the EIA data, current storage stands at 85% of its capacity and as we stated in earlier reports as well, we current state of rise, Cushing may reach optimum capacity around summer. Only ray of hope which can DELAY the storage hub reaching its full capacity is the refinery utilization rate which has been gaining strength lately Last week Crude oil refinery utilization rate inched higher by around 0.7% to over 90.1%, notwithstanding the correction in Crack spreads in the major markets in the country. During the past week, NYMEX WTI Cushing Crude Oil First Month 3:2:1 Crack Spread averaged around $25 per barrel, almost stable on a sequential comparison, though is lower from highs seen over $32 per barrel levels in late Feb 2015 . With lower demand for products in Mar-Apr Crack spreads usually are seen ranged to lower in the coming weeks. Which includes 2015 comparison with 2014 and last 5 year average As per seasonal scenario, refinery usually picks up in the spring as winter maintenance ends and also refiners prepare for the upcoming gasoline demand in summer starting May month. If we track the seasonal pattern, crude oil runs currently standing around 16 MBPD are over the levels seen in late April 2014 though is still unable to have any major impact over crude stocks as overall global and local production remain higher. Next week, if imports stabilize a bit lower, we might see lower additions in crude stocks as equated to over 10+ million barrels worth of increase this week though the same on the other side is expected to be compensated negatively by weakening activity over product demand side due to lean season currently

Onto the supply side from other half of the world, Saudi Arabia extended its supplies in the month of March with its government officials claiming that the nation enhanced its oil output to 10.3 MBPD its highest monthly production in over a decade. Additionally, officials stated that the country would continue to maintain over 10 MBPD worth of production largely continuing with a view that the nation still looks for higher market share. Its Oil minister added OPEC as a group would not cut production without cooperation from non-OPEC producers, i.e. mainly the US based Shale operators which have been one of the major powers driving excess output globally. Since mid of 2014, OPEC as a group has produced higher than its specified production quota of 30 MBPD of oil each month; with last month’s increasing weighing over 1 MBPD against specified quote. (Elsewhere, Russia continues to add on its production whereas there are reports that huge supply of Nigerian oil is expected to head European markets in the coming weeks due to weak demand from its West African light sweet crude in Asia which may add on to the supply pressure in the region. US has already stopped importing Nigerian oil for last couple of years after its own production saw incremental rise in last few years backed by oil extractions from shale deposits

Taking the aforementioned aspects; we believe as the supply situation in the international markets is one again heating up as we see from Saudi and also problems seen from Nigerian side as well, overall the commodity may continue to remain under pressure. Onto the Inventory front, coming week’s data may not be as disappointing as we have seen for week ended 3rd April if Imports normalize though overall negativity is likely to continue from Crude stocks, Cushing and Product front. We recommend selling the commodity in the coming week though only on decent pullbacks

Crude Oil Weekly Commodity Outlook:

Trend: Sideways to Up

Resistance on Upside at: 3330-3420

Support on Downside at: 3130-3060

Commodity Trading Tips

Crude Oil Mcx Apr Sell at 3260 sl 3490 Tgt 2950

Cease In Greece Troubles and Commodity Trading Tips

Commodity Trading TipsGold Commodity as of major developments during the week, we continue to see negative factors affecting the metal on macroeconomic or even its consumption side. Looking at the Greece stalemate, the Finance ministers of EU region and Greece government officials finally reached a short-term consensus over the Greece government finances wherein the latter was extended the bailout funds for four months. The government however should submit a list of economic measures it will undertake this Monday.

Though still Greece issue is not completely over, markets broadly are not very much concerned even in a worst case scenario if the country leaves the EU region as recently seen from comments out of German ministers. In the current state, when problem is probably leading to at-least short-term conclusion, it might add bearish bets for gold which is seen as a hedge against economic and political uncertainty.

Onto the demand side, we are witnessing lack of physical consumption for the metal especially from major consumer China wherein the nation in going through its week long Lunar holiday. Participation in less as number of other major Asian economies too celebrate the Lunar holiday which hurt additional demand prospects for the commodity. Though ETF investments did saw stabilization, ETF Gold Holdings has become more of lagging indicators lately and most likely that if gold commodity witnesses a good fall in coming weeks, we might see drop in ETF holdings.

Nevertheless, there were some small but constructive positive steps from the local markets front for the commodity. The RBI during the week allowed Banks to import gold on a "consignment basis." Banks and trading houses will be allowed to bring in gold with no conditions attached which is expected to boost domestic buying in the coming months. Gold imports in India have remained low in last couple of months despite the GoI withdrawing the highly tightening 80-20 in November. Imports remained lower as importers and waited for more clarity wherein the latest cues should come out as a shot in the arm for local Jewellery and other gold Importers. As per Prithviraj Kothari, ED of “India Bullion and Jeweler’s Association, Gold imports may increase to 75-90 MT in coming months as against about 40 MT lately.

On a cumulative note, while China continues to lag, at least we are getting some optimistic cues developing in India, Gold world’s largest consumer. However, as we have said earlier as well, gold is once such commodity which takes major cues from macro-economic side rather than its own demand –supply matrix. On that note, ease in Greece troubles, ceasefire in Ukraine-Russia border, rising equities and largely positive US Dollar might continue to act negative pressure on the metal in coming week. We hold our selling stance in the commodity on higher levels in the coming week on gold.

Risk factor:

1) Gold saw high volatility during middle sessions last week as Gold prices also remained supported as FED Meeting minutes release showed some policymakers were in favor of holding interest rates low for longer. This change in guard from the FED officials supported the commodity to move towards its major Resistance zone around $1225-1230 per ounce on Thursday.

2) In the coming week, we have US Inflation number along with GDP though major focus would be on FED Chari Janet Yellen’s Testimony on Feb 24-25which may take the markets and Gold on a good ride on either side. While major economic indicators still point towards positive footing in the US economy, it may be possible that Yellen might not come out highly Dovish which could indirectly fuel good rally in the USDX and continue to weigh on the yellow metal. However risk would remain higher during middle sessions in the next week.

Gold Commodity Weekly Trend:

Support at 25800-25400

Resistance at 26600-26950

Trend: Down Side

Silver Commodity Trading as of major cues for the metal next week we are going to witness a number of macroeconomic events taking place in the West with host of economic data due from the US while Chinese markets which area on a week long holiday due to the Lunar New Year would come back to normal on Wednesday. While Gold commodity is largely expected to trade on a negative note backed by major developments seen on the Equity, Greece and Currency side; we believe silver might not be able to hold itself back against the broad negative pressure in the complex. On top of that, additional negative cues which hurt the commodity is subdued to mix trading in industrial metals globally. In coming week, we have the preliminary HSBC manufacturing PMI data released on Wednesday. The Chinese PMI has been in the contraction mode for a few months and is expected to further deteriorate to 49.6 thereby weighing heavily upon selective commodities and including Silver commodity backed by its consumption pattern in precious and industrial metal. Overall we hold selling stance in the whitish metal s well in the next week.

Silver Commodity Weekly Trend:

Support at 35300-34400

Resistance at 37000-37800

Trend: Down Side

Commodity Trading Tips:

Sell Gold Mcx Apr on rise near 26500-26600 sl 26950 Tgt 25950

Sell Silver Mcx Mar on rise near 37000-37100 sl 37860 Tgt 35650-35300

Sell Crude Oil Mcx Mar on rise near 3300-3320 sl 3450 Tgt 3120-3030

Nifty Turning Crest above 8700 and Intraday Stock Market Trading Tips

Intraday Stock Market Trading TipsIndian Intraday Stock Market Trading edged higher, hitting a record high for the second consecutive day and gaining for the fifth straight session, as blue-chips rose on hopes of additional monetary policy easing, while strong regional markets also helped. The Bombay Stock Exchange Sensex closes at 28888 were nick up by 104 points or drive up by 0.36 percent. Nse Nifty Closes at 8730 were wound up by 34 points or plant slide up by 0.39 percent. The BSE Midcap and Smallcap indices were down 0.2 percent each in Intraday Stock Market Trading.

Sensex Major Resistance on Upside at 28966-29044-29122

Sensex Major Support on Downside at 28794-28700-28622

Trend Deciding Level at 28872

Nifty Index Major Resistance on Upside at 8750-8770-8789

Nifty Index Major Support on Downside at 8701-8672-8652

Trend Deciding Level at 8721

Major Headlines

Navin Flourine Q3 net profit at Rs 14.2 crore versus Rs 6.8 crore (YoY)

SEBI to exempt promoters of Spicejet from open offer

Crompton Greaves wins USD 26 million contract to reinforce Indonesia's grid

ITC Q3 net profit up 10.5 percent at Rs 2,635 cr Vs Rs 2,385 cr (YoY)

Nifty Indices

The Nifty managed to close above the 8700 mark which is a positive sign going forward. However, it has formed a spinning top candlestick pattern which indicates some pause. So, it would be important for the index to not open with a gap down in order to avoid an evening star candlestick which would be a bearish reversal candlestick pattern. On the hourly chart it seems to be forming a triangular pattern in its wave iv of a minute degree, so the probability of a break-out on the upside is high. However, tomorrow’s opening will be very crucial. The Bank Nifty is trading well above its trend line resistance, hence 19600 is very important. The weekly momentum indicator has reversed and it is on the verge of giving a buy cross-over.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8342 and 8342 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8641 and 8561 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.

The market duration was turned negative with 620 advances and 906 declines, Unchanged 71 Total Issue 1597 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8766-8790-8813

Nifty Future Major Support on Downside is at 8713-8683-8660

Trend Deciding Level at 8737

Bank Nifty Major Resistance on Upside at 19983-20086-20190

Bank Nifty Major Support on Downside at 19803-19726-19623

Trend Deciding Level is at 19906

30 Days Simple Moving Averages @ 8300

50 Days Simple Moving Averages @ 8366

150 Days Moving Averages @ 8020

200 Days Simple Moving Averages @ 7763

5 Days Rsi at 88 and 14 Days Rsi at 70 Indicates Nifty Place in Bullish Zone, with Bullish Moment.

Intraday Stock Market Trading Tips

Buy Nifty Jan Intraday Fut above 8755 sl 8730 Tgt 8775-8800 {Or} Sell 8705 sl 8730 Tgt 8685-8660

Buy Bank Nifty Jan Intraday Fut above 19950 sl 19900 Tgt 20000-20050 {Or} Sell Below 19850 sl 19900 Tgt 19800-19750

Weekly Calls

Buy Astra Micro above 141 sl 123 Tgt 156

Buy Orientref above 100 sl 85 Tgt 112

Curious Fact

The Huang He or Yellow River, in China, got its name because of the water, which is caused by the silt it carries.

Idea Cellular Limited and Stock Tips for Beginners

Share Market Tips for BeginnersCompany Review

Idea Cellular, is a part of Aditya Birla group, is one of India's leading Global System for Mobile Communications services operator. Idea Cellular has licenses to maneuver in all Twenty Two service areas. Idea Cellular furthermore offers value-added services like, call conference, General packet radio service (GPRS), Global Positioning System (GPS) and also provides customized solutions according to business specific needs. The Company was founded on 1995 and its Head Quarters are in Mumbai, India and the Ceo was Mr. Himanshu Kapania and the founders were Aditya Vikram Kumar Mangalam Birla,

G. D. Birla.

 

Company Financial View

Idea Cellular Limited has registered excellent results for the quarter ending September 2014. The revenues from operation grow by about 20 percent to Rs.7569.92 crores vs. Rs.6323.26 cr. in the year ago quarter while it grew ~0.12 percent QoQ. Operating profit climbed sharply by ~49 percent at Rs.1311.92 crores in Q2FY15 while aligned with Rs.878.59 crores in the First Quarter FY15. The attuned net return stand at Rs.755.88 crore in the Second Quarter FY15 as alongside Rs.447.61 crore in the preceding quarter; register a sharp growth of ~69 percent. On the margins front, operating margin climbed about 571bps at 17.33 percent as against 11.62 percent on QoQ, while net profit margin expanded 407bps at 9.99 percent from 5.92 percent QoQ. EPS Stood at Rs.2.11.

Company Assessments  

Idea Cellular is the best ever budding Indian telecom entertainer with an amassed market share of 17.1 percent. Its revenues have grown at a Compound Annual Growth Rate CAGR of 18.60 percent over First Quarter FY12 to First Quarter FY15, outperforming the industry which has mature at a Compound Annual Growth Rate of 10.70 percent over the identical period. Its market share over the similar epoch has seen a substantial improvement from 13.90 percent in Q1FY12 to 17.1 percent in Q1FY2015. Growing revenues; improving balance sheet and increasing market share in a highly competitive market is remarkable; depicting the company's strong execution and brand-building facilities. We persist to deem that the Indian tone of voice and data market is likely to improve and Idea Cellular with its strong brand equity and superior execution capabilities would ride on the rising wave of this market. Therefore we embrace a optimistic view on this company as it is trading at an attractive valuation at 20x and 19x of FY15 Earnings Per Share of Rs.7.58 and FY16 Earnings Per Share (EPS) of Rs.8.09. Idea Cellular Limited is trading in Indian Stock Market at Rs 158, recommended to buy near Rs. 158-155 levels for investment horizon for Stock Tips for Beginners; it may touch Rs. 200 in a time period of 6-9 months.

BSE ID: 532822

NSE ID: IDEA

 

Nifty a Quite Day Futures Trading Tips

Futures Trading TipsIndian Futures and Options shares were little changed on Friday after posting their biggest daily gain in eight months in the previous session as gains in foreign infrastructure stocks such as Larsen & Toubro were offset by falls in technology stocks while banks declined on profit-taking. The Bombay Stock Exchange Sensex closes at 28122 were nick up by 47 points or drive up by 0.17 percent. Nse Nifty Closes at 8514 were wound up by 20 points or plant slide up by 0.23 percent. The BSE Mid-cap gained 0.3 percent and Small-cap ended marginally down in Friday intraday futures trading.

Sensex Major Resistance on Upside at 28215-28308-28400

Sensex Major Support on Downside at 27990-27857-27765

Trend Deciding Level at 28002

Nifty Index Major Resistance on Upside at 8542-8571-8599

Nifty Index Major Support on Downside at 8469-8425-8396

Trend Deciding Level at 8498

Major Headlines

Axis Bank gain on strong Third Quarter for Year 15 growth, asset value steady

Trade Deficit shrinks to 10-month low on fall in oil prices

SpiceJet, Sun TV shoot on Maran’s depart from SpiceJet

Nifty Indices

The Nifty was quiet today after a huge surge in yesterday’s trading session. It faced resistance near the uptrend line, ie 8540. Hence the same becomes a very crucial level which the index needs to take off in order to gain momentum. On the lower side, 8388 is a very crucial support and till that is held intraday traders should utilize dips as buying opportunities for a minimum target of 8580. The Bank Nifty too is facing resistance near 18585 and it has to surpass that level in order to gain strength. The banking, cement and IT sectors continue to trend higher and we believe the pack will continue to do so in the coming trading sessions. The momentum indicators are in buy mode on the daily chart which is a quite bullish sign going forward. Hence we maintain our short term bias up.

In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8284and 8290 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8420 and 8383 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.

The market duration was turned positive with 682 advances and 822 declines, Unchanged 79 Total Issue 1583 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8570-8603-8637

Nifty Future Major Support on Downside is at 8488-8439-8406

Trend Deciding Level at 8521

Bank Nifty Major Resistance on Upside at 19381-19473-19564

Bank Nifty Major Support on Downside at 19162-19035-18943

Trend Deciding Level is at 19254

30 Days Simple Moving Averages @ 8278

50 Days Simple Moving Averages @ 8348

150 Days Moving Averages @ 8000

200 Days Simple Moving Averages @ 7731

5 Days Rsi at 77 and 14 Days Rsi at 62 Indicates Nifty Place in Bullish Zone, with Bullish Moment.

Futures Trading Tips

Buy Nifty Jan Intraday Fut above 8555 sl 8530 Tgt 8575-8600 {Or} Sell 8505 sl 8530 Tgt 8485-8460

Buy Bank Nifty Jan Intraday Fut above 19350 sl 19300 Tgt 19400-19450 {Or} Sell Below 19250 sl 19300 Tgt 19200-19150

Weekly Calls

Buy Astra Micro above 141 sl 123 Tgt 156

Buy Orientref above 100 sl 85 Tgt 110

Curious Fact

The coldest place on Earth is Vostok in Antarctica. Here, the temperature can fall to a freezing -89.2 Celsius.

US CPI/PPI Numbers and Analysis of Commodity Advisory Services

Commodity Advisory ServicesBullion Commodity Advisory Services Analysis we had their share of volatility as they advanced smartly in the initial half of the week as equities across the globe plunged pressed by growth concerns. Dollar index rose while Euro currency plunged to fresh multi-year lows weighed by subdued economic data and political developments in Greece which is facing election later this month and worries remained whether the nation would prefer to stay or leave the EU. Aforesaid problems pulled gold and silver prices higher initially in the last week though the same subsided bit and once again we saw normalization in the broad bearish bias for the two commodities during middle half of the week. However last day’s economic report from the US once again aided the uptick in both gold and silver which closed on a rosy note.

As per major data points on Friday, the US Jobs data and comments from ECB President raised questions over monetary policy stance coming out of their respective monetary policy members in near-term. US Nonfarm payrolls increased by staggering 252,000 in December, followed by an upwardly revised increase of 353,000 in Nov. Jobless rate fell 0.2 percent to 5.6 percent; however the same was likely led by cut in labor force participation. Separately decline in average hourly earnings took the optimism out of the otherwise strong report from US Labor Department and thus supporting gains in the yellow metal.

Talking about the demand aspect for the commodity, Gold imports in India came down heavily in Dec after the government scrapped the so called 80:20 and as huge demand out of festival and marriage season in the country reduced. Gold imports fell to 39 MT in December while were seen near 7 MT in the first week of January, compared to 152 MT in Nov, news reports showed. Subdued demand in the world’s second largest consumer of yellow metal may have modest negative impact on the commodity. On the other major aspect as well, Gold holding by SPDR Gold trust, the world’s largest ETF backed by the Bullion stay muted near the weakest since Sep 2008. After the holdings fell nearly 40 percent in 2013 and extended the drop by 11% in 2014, they still stay weak and as per last quote stood near the 708 MT mark.

Nevertheless, as we said earlier as well, Gold as a commodity takes more cues from macro economic framework rather than its own demand-supply numbers. In the coming week, if equities continue to disappoint and problems over political issues in EU remain we are likely to see extension of this positive rally at-least in the initial half. Onto the currency front the US Dollar is seen largely ranged next week however; it might not be seen as a complete surprise in case we see some correction in the Greenback, especially during the initial half of the week; thanks to the developments on Friday. Still, broadly the USD looks bullish in comparative analysis to the Euro and the Yen and that might act negatively over gold from higher levels. Also we have US CPI/PPI umber to be released where there is a chance for modest negativity, mainly due to lower industrial commodity prices and can further act bearish for the yellow metal which is seen as a hedge against inflation. On the cumulative side, we advise traders be ready for a small pullback in Gold prices in the coming week and later take that opportunity to build short-positions from higher levels

Gold Feb MCX futures prices witnessed volatile movements in the last week, moved in the range of 27449-26668. Prices are expected to trade downside for the week ahead. A stiff resistance is seen at 27200 levels, which is expected to hold the downside view. For short term traders we suggest selling at higher levels.

Gold Commodity Weekly Outlook

Major Resistance on upside at 27100-27500

Major Support on downside at 26200-25800

Trend: Down

Silver Weekly Analysis of Commodity Advisory Services Overall, we expect the near similar move as per the directional trade is concerned in the coming week for silver as stated in gold commodity. That is we might see extension of some more gains in the commodity while selling pressure is likely to get build as we move in the second half of the week. However, other than the selling on higher levels stance in silver, we believe the commodity had a fair chance to continue outperform the yellow metal in the coming week as well. Silver outstripped gold by wide margin this week with rebound in select base metals too supporting the gains other than its high beat nature. Silver based on its consumption pattern takes cues both from precious metals and base metals and backed by our study wherein we expect mixed cues from metal in coming week as well; it may continue to largely support the silver commodity. On the same lines, traders may look to plan Gold/Silver Ratio selling wherein we bet that silver’s outperformance over gold would continue

Silver March MCX futures prices witnessed volatile movements in the last week, moved in the range of 38145-36351 levels. For short term traders we suggest selling at higher levels with stop loss above 38200 levels.

Silver Commodity Weekly Outlook

Major Resistance on upside at 37800-38500

Major Support on downside at 35800-35200

Trend: Sideways

Commodity Advisory Services Analysis

Sell Gold Mcx Feb on rise near 26860 sl 27200 Tgt 26650-26500

Sell Silver MCx Mar on rise near 37200 sl 38200 Tgt 36200-35800

Cavity Stop at the Collar and Best Intraday Tips Provider

Best Intraday Tips ProviderIndian Best Intraday shares fell to their lowest level in nearly three weeks today as stocks favored by overseas investors such as ICICI Bank declined, following heavy foreign sales in derivatives and cash shares in the previous session. The Bombay Stock Exchange Sensex closes at 26988 were nick down by 855 points or drive down by 3.07 percent. Nse Nifty Closes at 8128 were wound down by 251 points or plant slide down by 3 percent. The BSE Midcap and Smallcap indices ended largely in-line with the front-liners with losses of around 3 percent each. in today intraday trading.

Sensex Major Resistance on Upside at 27046-27183-27319

Sensex Major Support on Downside at 26776-26643-26506

Trend Deciding Level at 26913

Nifty Index Major Resistance on Upside at 8162-8222-8282

Nifty Index Major Support on Downside at 8054-8006-7946

Trend Deciding Level at 8114

Major Headlines

Lupin, Aurobindo Pharma, Jubilant Life gets approvals for Diovon

Nifty Indices

The Nifty was quite volatile today but finally closed almost flat forming a “long-legged doji” candlestick pattern at the 78.6% retracement level of its previous move. This pattern is formed near the neckline of a bearish head-and-shoulders pattern which is a concern for bears. Generally, this formation calls for a short-term reversal and since this fall is a five-wave fall a bounce can’t be ruled out. So, with these set of evidences from the Elliott wave theory and chart prototype, we assume that this candlestick pattern will have a short impact. The daily momentum indicator has just gone into a sell mode which is a bearish sign going forward. So, we continue to maintain our bias down for both the short and the medium term.

In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8229 and 8236 respectively. The thrust indicator is trading in negative sort on the daily chart

In the hourly chart, Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8231 and 8264 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.

The market duration was turned negative with 641 advances and 879 declines, Unchanged 62 Total Issue 1582 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8193-8233-8272

Nifty Future Major Support on Downside is at 8105-8057-8017

Trend Deciding Level at 8145

Bank Nifty Major Resistance on Upside at 18609-18743-18878

Bank Nifty Major Support on Downside at 18323-18171-18037

Trend Deciding Level is at 18457

30 Days Simple Moving Averages @ 8332

50 Days Simple Moving Averages @ 8324

150 Days Moving Averages @ 7953

200 Days Simple Moving Averages @ 7667

5 Days Rsi at 28 and 14 Days Rsi at 39 Indicates Nifty Place in Trading Zone, with Bearish Moment.

Best Intraday Tips

Buy Nifty Jan Intraday Fut above 8180 sl 8155 Tgt 8200-8225 {Or} Sell 8130 sl 8155 Tgt 8110-8085

Buy Bank Nifty Jan Intraday Fut above 18535 sl 18485 Tgt 18585-18635 {Or} Sell Below 18435 sl 18485 Tgt 18385-18335

Curious Fact

In a sense we are all space travelers, and our space-ship is the planet Earth itself. It zooms along its orbit at the speed of 1, 07,000 kilometers every hour-only we don’t realize it!

Bulls All Out and Share Tips Intraday

Share Tips IntradayIndian Intraday shares fell over 3 percent today, marking its biggest daily loss since the rupee crisis in 2013 as emerging markets fall down, while safe-haven assets such as U.S. Treasuries surged. The Bombay Stock Exchange Sensex closes at 26988 were nick down by 855 points or drive down by 3.07 percent. Nse Nifty Closes at 8128 were wound down by 251 points or plant slide down by 3 percent. The BSE Midcap and Smallcap indices ended largely in-line with the front-liners with losses of around 3 percent each. in today intraday trading.

Sensex Major Resistance on Upside at 27574-28160-28746

Sensex Major Support on Downside at 26671-26354-25768

Trend Deciding Level at 27257

Nifty Index Major Resistance on Upside at 8355-8581-8808

Nifty Index Major Support on Downside at 8007-7885-7659

Trend Deciding Level at 8233

Major Headlines

IRB Infrastructure drop after Central Bureau of Investigation incursion

Sugar harvest boost by 27.3 percent to 7.5 million tones

Zen Tech punch five percent upper trail

Nifty Indices

The Nifty fell sharply in today’s trading session breaking all the crucial supports in the short term. It fell by more than 250 points in one day which certainly indicates that the trend has reversed. So we have changed our short-term target from up to down, that is in racing bike with our medium-term target. The swing low of 7961 is quite likely to be broken in the short term which will then confirm the wave 4 bottom but before that a lot more is left on the downside. The break of 8147 further confirms that the wave C down has begun. Now, the reversal on the higher side is pegged at 8446. So positional traders can remain short with a target of 7723.

In the daily chart the index is trading below the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8241 and 8271 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading below the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8324 and 8385 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned negative.

The market duration was turned negative with 212 advances and 1341 declines, Unchanged 36 Total Issue 1589 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8381-8613-8844

Nifty Future Major Support on Downside is at 7959-7769-7537

Trend Deciding Level at 8191

Bank Nifty Major Resistance on Upside at 18846-19210-19574

Bank Nifty Major Support on Downside at 18297-18112-17748

Trend Deciding Level is at 18661

30 Days Simple Moving Averages @ 8334

50 Days Simple Moving Averages @ 8332

150 Days Moving Averages @ 7948

200 Days Simple Moving Averages @ 7659

5 Days Rsi at 30 and 14 Days Rsi at 40 Indicates Nifty Place in Trading Zone, with Bearish Moment.

Share Tips Intraday

Buy Nifty Jan Intraday Fut above 8180 sl 8155 Tgt 8200-8225 {Or} Sell 8130 sl 8155 Tgt 8110-8085

Buy Bank Nifty Jan Intraday Fut above 18535 sl 18485 Tgt 18585-18635 {Or} Sell Below 18435 sl 18485 Tgt 18385-18335

Curious Fact

The Planet Saturn has moons, and Titan is the fifteenth, and the largest of them. Titan is the only moon in the Solar System with a fully developed, planet-like atmosphere

US Monetary Policy Related Updates from ECB and Commodity Trading Tips

Commodity Trading TipsGold Commodity Trading In major macro-economic cues during this week, the US Dollar index advanced around 0.75 percent moving to its fresh five year highs near the 90.65 mark. The Greenback jumped on likely positive economic reports from the US coming week whereas speculation increased that Fed might talk about raising interest rates as also anticipated from its monetary policy minutes report due next week. Alongside this, we have the External Commercial Borrowing head Mario Draghi who in a recent statement commented that the bank is preparing to extend its stimulus measures pressing Euro currency lower towards its fresh 2010 lows around 1.2040 while indirectly supporting gains in the US Dollar.

Rising USDX makes a case for subdued investment in Bullion and thus we saw weight continually being maintained over Gold during the past week, notwithstanding the fall in equities broadly. In the coming week, we believe the monthly employment report and the FOMC monetary policy minutes would be watched closely. The Labour department’s report coming Friday might show Jobs addition in the range of 240K+ for December making 2014 average the best since year 1999. Unemployment rate is also expected to slide downward to 5.7 percent as per market estimates meanwhile strengthening the Fed’s view over the economy which continues to mend.

Also, in the week we have the Fed meeting minutes to be released. In its last meeting, the Fed said it would be “patient” on the timing of any interest rate hike against earlier call that it would borrow costs low for a “considerable time.” In case we get further clearer comments or updates from the minutes as on when the FED is actually looking to time the rate hike, we might see good volatility in different asset classes and mainly Gold and USD. Through broader hopefulness about economy seen extending and no surprising negativity expected out of FOMC Minutes; we believe the pressure in gold commodity would continue in coming week as well.

Looking at the other demand variables, recent data from China showed its gold imports from Hong Kong rose to highest level since Feb during Nov month. Higher inflows point towards increase in demand for the world’s major purchaser. On the other hand, we feel we should not go gung-ho with one month’s data as Nov month also saw Gold prices sliding down towards $ 1135 an ounce mark, its 4 and ½ year low which may have prompted pent-up demand ahead of the Lunar New Year. Similarly is the case with India, wherein consumption increased at a good rate in November however high concerns remain whether demand would stay upbeat in coming months as well.

As said earlier, too gold is one such commodity which takes price direction from macro developments rather than its own demand-supply we feel downside risks for the commodity stay in the near-term and next week as we have some important economic cues from US, monetary policy related updates from ECB which should cumulatively keep Bullion underneath pressure. We recommend selling gold on small pullbacks in this week.

Gold Feb MCX futures prices are expected to trade downside for the week ahead. A taut resistance is at 26800 levels, which is likely to hold the negative aspect view. Break below 26200 could lead the drop to extend towards 25800 levels. For short term traders we suggest selling at higher levels

Gold Commodity Trading Weekly View

Resistance on Upside at: 26900-27500

Support on Downside at: 26200-25800

Trend: Down

Silver Commodity Trading on the macro-economic side, the broader movement for the whitish precious metal is likely to be linear with the directional trend in Gold as stated above. Specifically for silver, we believe selling pressure might continue to persist on back of subdued manufacturing cues from China as seen on its PMI and also lately the US ISM reading which increased at a slower than expected rate. Chinese official Man PMI from government slipped in Dec to its lowest in 18 months suggesting further downside risk to the world’s largest industrial consumer and likely to act bearish over industrial metal commodities including silver. We maintain selling stance in the commodity in the coming week and advice building short positions on small pullbacks

Silver March MCX futures prices traded downside in the last week. Prices are expected to trade downside for the week ahead. Key resistance level is seen at 37750 levels, which is expected to hold the downside view. For short term traders we suggest selling at higher levels.

Silver Commodity Trading Weekly View

Resistance on Upside at: 36900-38100

Support on Downside at: 35200-34500

Trend: Down

Commodity Trading Tips

Sell Gold Mcx Feb on rise near 26780 sl 27060 Tgt 26540-26375

Sell Silver Mcx Mar on rise near 36600 sl 37300 Tgt 35900-35000

Nifty a Good Beginning and Stock Market Tips for Intraday

Stock Market Tips for IntradayIndian Intraday Stock markets ended with little change on first trading day of 2015 as gains in telecom stocks such as Bharti Airtel on news of spectrum pricing were offset by profit-taking in some blue-chips. The Bombay Stock Exchange Sensex closes at 27508 were nick up by 9 points or blow up by 0.03 percent. Nse Nifty Closes at 8284 were healing up by 2 points or plant slide up by 0.02 percent. The BSE Mid-cap index gained 0.65 Percent and Small-cap index gained by 1.25 in today intraday trading.

Sensex Major Resistance on Upside at 27578-27647-27716

Sensex Major Support on Downside at 27419-27329-27260

Trend Deciding Level at 27488

Nifty Index Major Resistance on Upside at 8303-8322-8341

Nifty Index Major Support on Downside at 8256-8228-8209

Trend Deciding Level at 8275

Major Headlines

Maruti Suzuki December 2014 volumes awake an imposing 20.8 percent YoY

Liquefied Petroleum Gas cylinder price cut by Rs 43.5

November month infrastructure production hits 5-month elevated of 6.7 percent

Nifty Indices

After opening in the negative the Nifty closed in the positive territory on the first day of the New Year. It also managed to close above the Twenty-day moving average (DMA) and the Forty-day exponential moving average, which had been stand-in as a hurdle for the past couple of days. Now it seems that the index has broken out of the range and the wave II of wave C-III up has begun which will take it towards the upper end of the mounting channel, ie towards our short-term target of 8455. At the lower end, 8220 continues to be an immediate support and till that is held the short-term traders need not worry. The Bank Nifty too seems to have broken out from the range formed in its wave II or III of 5 up. So based on these observations we maintain our short-term bias up.

In the daily chart the index is trading above the Twenty-day moving averages (DMA) and the Forty-DMA, ie 8274 and 8268 respectively. The thrust indicator is trading in positive sort on the daily chart

In the hourly chart, Nifty is trading above the Twenty-hourly moving average (HMA) and the Forty-HMA, ie 8264 and 8255 correspondingly, which are crucial in the immediate run. The hourly impetus indicator encompass turned positive.

The market duration was turned negative with 1017 advances and 492 declines, Unchanged 54 Total Issue 1563 on the National Stock Exchange.

Nifty Future Major Resistance on Upside at 8370-8393-8416

Nifty Future Major Support on Downside is at 8310-8273-8250

Trend Deciding Level at 8333

Bank Nifty Major Resistance on Upside at 18972-19029-19085

Bank Nifty Major Support on Downside at 18817-18719-18662

Trend Deciding Level is at 18874

30 Days Simple Moving Averages @ 8351

50 Days Simple Moving Averages @ 8301

150 Days Moving Averages @ 7929

200 Days Simple Moving Averages @ 7632

5 Days Rsi at 60 and 14 Days Rsi at 50 Indicates Nifty Place in Trading Zone, with Bullish Moment.

Stock Market Tips for Intraday

Buy Nifty Jan Intraday Fut above 8360 sl 8335 Tgt 8380-8405 {Or} Sell 8310 sl 8335 Tgt 8290-8265

Buy Bank Nifty Jan Intraday Fut above 18960 sl 18910 Tgt 19010-19060 {Or} Sell Below 18860 sl 18910 Tgt 18810-18760

Curious Fact

The first solo fight across the Atlantic was made by Charles Lindbergh on 21st May 1927. In 1919, Raymond Orteig, the French owner of the Lafayette Hotel in New York, offred a prize of 25,000 dollars to the first pilot to fly between Paris and Newyork. L.indbergh took up the challenge, and completed the first solo flight across Atlantic