Commodity Market daily watch:27th September 2012
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geplcapital
Commodity Market daily watch:25th September 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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geplcapital
Commodity Market daily watch:24th September 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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geplcapital
Commodity Market daily watch:20th September 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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13th September : Two mins Nifty wrap up for the day
The level of 5320 is now an important support. A breach of 5320 may turn the trend bearish.
Nifty ended the day almost flat at 5435 gaining 4 points. Amongst the sectoral indices the BSE FMCG and PSU indices were the outperformers whereas BSE HC index lost the most.
Markets around the world looked to be in a wait and watch mode trading in strict ranges ahead of the Federal Reserve’s announcement on whether the QE3 will happen or not. The Asian indices gyrated between red and green and showed a confused trend. The nervousness was shared by European indices and the FTSE, CAC and DAX were all in red at the time the Indian markets closed. Earlier in the day, HSBC joined a host of foreign brokerages in cutting India’s FY13E and FY14E GDP forecasts. FY13E GDP growth forecast was cut from 6.2% to 5.7% whereas FY14E GDP growth forecast was cut from 7.4% to 6.9%. It cited lack of policy reforms, rich valuations & global headwinds as the key reasons for the downgrade.
Nifty faced resistance near the level of 5450 which is close to the earlier swing high. It is now near a severe resistance range of 5450 to 5510. Any upside that is unable to conquer this range convincingly should be viewed with caution. On the downside the level of 5380 is an immediate support whereas 5300 is a trend reversal and a make or break level. Any decline below that would induce a sell off which may take it to 5000 and lower. We advice a stop loss of 5300 for any existing long positions and also recommend profit taking near 5450 to 5510 range.
Economists around the world expect QE3 to happen as was evident from Reuters and Bloomberg polls. Other data to watch out from the US is jobless claims data expected at 3,70,000 for 9th September, 2012 versus previous figure of 3,65,000 claims. Back home, the cabinet is set to consider a proposal to allow FDI in aviation that would help debt ridden Indian carriers to shed some of their debt.
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geplcapital
Commodity Market daily watch:13th September 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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12th September : Two mins Nifty wrap up for the day
The level of 5320 is now an important support. Nifty may test the level of 5500 in couple of sessions.
Nifty opened positive and maintained its upside momentum throughout the day to end the day with a gain of 41 points at 5431. Amongst the sectoral indices the BSE Metal and Auto indices were the outperformers whereas BSE Power index was down a bit.
The trend continues to remain firm and Nifty is now near an important swing high of 5448. It may test the resistance and even better that to test the level of 5500 to 5510 which is the resistance offered by the advancing Trend line of a Wedge being formed since past few months. We recommend profit taking near the above mentioned range of 5450 to 5500 as there is a possibility of a sharp reversal near the above mentioned resistance range.
On the downside the level of 5300 is now an important immediate term support. The trend would continue to remain up as long as 5300 is intact. Any decline below 5300 would threaten the present upmove since past few weeks and open up possibilities of a sharp decline.
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geplcapital
Commodity Market daily watch 11th Sept 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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10th September : Two mins Nifty wrap up for the day
The level of 5250 would now serve as a support for Nifty.
Nifty opened positive and remained highly rangebound throughout the session to conclude the day with a minor gain of 4 points at 5363. Amongst the sectoral indices the BSE CD and HC indices were the outperformers whereas BSE Realty index witnessed profit taking.
With the ECB news priced in by indices all over the globe, Asian indices began the week in an uncertain manner gyrating between red and green all day waiting for the data loaded week ahead. The Chinese trade data came in weak, however it lifted expectations of more government induced spending to stir the economy into action. Hang Seng rose on expectations of increased government spending and closed up 0.13%. European stocks, too were seeing looking for a direction as they moved in both directions.
The key numbers to watch out for are US trade gap which is estimated (Bloomberg consensus) at $44.3 bn for July, 2012 against previous figure of $42.9 bn.
Nifty traded in a range bound fashion throughout the day and finally concluded at 5363. The upside momentum would remain intact as long as it is able to trade above the support level of 5250. There is a possibility of a correction till 5300 but the level of 5250 is a support for immediate term.
The level of 5200 has now emerged as a critical support for Nifty. Any breach of this level may induce a sell off till 5030. On the higher side if it manages to sustain above 5450 then we may see further upside till 5510.
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geplcapital
Commodity Market daily watch 10th Sept 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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07th September : Two mins Nifty wrap up for the day
Swift bounce back suggests further upside ahead
The markets were in a euphoric mood all along the trading session after the ECB announced an unlimited bond-buying program to stimulate the stalled European economy. Nifty opened positive and maintained its upward momentum throughout the day to end the day with a gain of 103 points at 5342. Amongst the sectoral indices the BSE CG and Realty indices were up the most. All the indices gave a positive close.
The 2% – 3% rally in European indices yesterday was followed by a near 1% rise in indices as positive mood continued in Europe. However, there was a small blemish to this euphoria which went unnoticed. The ECB also predicted a cut of 0.4% in GDP growth for CY2012 against its previous prediction of a 0.1% cut.
Nifty opened higher with a gap and maintained its momentum to conclude at 5342 with a gain of 103 points. It has swiftly retraced its recent fall and is now trading near the resistance of 5360. In the immediate term the level of 5260 has now turned as a support. Any decline below that would confirm further sell off till atleast 5000.However till the time it trades above 5260 it may test the resistance of 5360 and beyond that retest the high of 5450. Any advance beyond that may take it to the level of 5500 and beyond that 5592 is a possibility.
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geplcapital
Commodity Market daily watch 07th September 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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geplcapital
Commodity Market Watch 06.09.2012
What to Expect From GEPL CAPITAL’s Commodity Market Watch
- News on the commodity market at a glance
- Bullions, base metals and energy updates
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list.
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04th September : Two mins Nifty wrap up for the day
Nifty remains weak till it trades below 5400.
After a lackluster opening Nifty remained highly range bound in the initial half of the session and edged higher in the second half to conclude the day with a gain of 20 points at 5274. Amongst the sectoral indices the BSE Realty and Oil & Gas indices were the outperformers whereas BSE IT index was subdued. Earlier in the day, the SSE and HK markets closed down 0.7% due to lowering of EU’s economic outlook by Moody’s and predictions of a weaker Chinese growth.
After the sell off witnessed in past few sessions we witnessed a minor upside in today’s trade. The support level of 5240 was breached marginally but was respected on a closing basis. There is a possibility of a counter trend bounce back till 5300 to 5328 and in case of further upside 5340 is likely. However the trend would remain weak till the time it trades below 5400.
On the downside the level of 5240 continues to remain an important support. A breach of 5240 would induce further sell off till 5109 and lower.
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03rd September : Two mins Nifty wrap up for the day
Nifty remains weak till it trades below 5400.
Indian markets were extremely volatile swinging between losses and gains on the back of mixed news; viz. the GAAR postponement and disappointing PMI numbers. The Parliament was disrupted for a 9th day in a row speaking volumes about any serious intent from any political party on taking reforms ahead.
European markets opened in the red but bounced back due to good manufacturing data emanating from Germany, UK and Euro zone. There were also rumors that the Chinese government could introduce stimulus to boost the flagging economy.
Nifty remained highly range bound throughout the session and concluded the day with a loss of 4 points at 5253. Amongst the sectoral indices the BSE CG and CD indices were the outperformers whereas BSE Realty and Oil& Gas indices lost the most.
The level of 5240 is still intact as Nifty managed to trade with a sideway bias throughout the day above this important support. Any breach of this support would aggravate the selling in coming weeks. However, if Nifty manages to respect the support of 5240 then we may see an upmove till 5319 and beyond that 5340 is a possibility. As long as Nifty trades below the level of 5400, it continues to remain susceptible to sudden sell off which may aggravate once 5240 is breached. On the downside it may come down to 5194 and even slide below that.
We recommend a strict stop loss of 5240 for existing long positions and continue to maintain a cautious approach. Only a break out above 5400 would induce some upside till 5490. However the upside may be short-lived.
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geplcapital
Commodity Market daily watch 03rd September 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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28th August: Two mins Nifty wrap up for the day
Nifty may further decline till 5250 After a mildly positive opening Nifty slid in the red and remained under selling pressure throughout the session. It finally concluded the day with a loss of 15 points at 5334. Amongst the sectoral indices the BSE IT and FMCG indices were the outperformers whereas BSE Metal and CG indices were the major losers in today’s trade.
Nifty slid further in today’s trade and breached the support of 5340 to conclude at 5334, losing 15 points. We had indicated that Nifty would continue to remain under selling pressure as long as it trades below the resistance of 5460 and maintain the same view. Since it has now breached the support of 5340 we may see further decline till 5250 in next few sessions. On the higher side the level of 5360 and beyond that 5400 would now serve as a resistance for Nifty in intraday trade.
We recommend short selling on a bounce till 5360 to 5400 for a downside target of 5250 in next few sessions. The stop loss for the trade may be maintained at 5450. The level of 5460 would continue to serve as a stiff resistance for Nifty. Only in case of a break out beyond 5460 we may see further upside till 5500 and beyond that 5630 is a possibility.
News to watch out for
The Indian markets traded in the negative due to lack of any positive cues to take it ahead. On the other hand, stocks affected by the CAG report showed a deeper cut with JSPL losing as much as 5%. Other metals stocks followed suit with Sterlite (down 5.4%), Hindalco (down 3%). The BSE Metal index was down 2.7% vs a 0.4% cut for the SENSEX. Although the cut in the index looked mild, individual stocks bled quite a lot.
Globally, markets looked under pressure due to Japan lowering the assessment of its economy as also of the global economy. Consequently European markets opened in the red and continued their downward movement throughout the trading session. The major data to be watched for is US consumer confidence data for August, 2012 (consensus 65.8 vs previous 65.9).
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geplcapital
Debt Market weekly :
10 Year Government Bond Yield likely to move in the range of 8.12/23 in this week.
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geplcapital
Weekly wrap: Trading strategies
Weekly wrap
Nifty view for the week
5340 continues to remain as a make or break support for Nifty, whereas the level of 5460 is a stiff resistance.
Nifty may remain under selling pressure till it trades below 5460.
Sector Trend Reader
BSE Sensex almost touched 18,000 mark by forming high at 17,972 in previous week. Now some sideways movement is observed in BSE Sensex and it may find support in the range of 17,500 – 17,300 level. On the higher side, 18,000 mark may provide stiff resistance to BSE Sensex and only above crossing this level, we may see further upside. The trend of BSE Sensex will remain up until it is trading above its reversal level 17,100.
On sector specific, BSE IT Index has reversed its trend on upward direction whereas BSE Bankex is showing selling pressure due to selling in frontline PSU stocks. BSE FMCG and BSE Healthcare indices are continuing their trend in upward direction forming new highs. However, we are not initiating any sector specific view in the current week as we would like observe the movement of Sensex and Sectoral indices using Sectoral Trend Reader.
Sector_Trend_Reader_270812.pdf
Weekly_Technical_View_270812.pdf -
geplcapital
Commodity Market daily watch 28th August 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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27th August : Two mins Nifty wrap up for the day
Nifty near make or break support of 5340After a lackluster opening Nifty slid in the red as the session progressed and finally ended the day with a loss of 36 points at 5350. Amongst the sectoral indices the BSE Oil & Gas index was a relative outperformer as it ended in the green whereas BSE Realty and Bankex witnessed profit taking. We had indicated that Nifty would continue to remain under selling pressure as long as it trades below the resistance of 5460. It lost 36 points today and ended at 5350. It is now near a major support level of 5340 which is a make or break level for bulls at least for the short term. Any breach of 5340 would induce further weakness till 5240 and below that 5200 is a possibility.
However if Nifty manages to sustain above 5340 then we may witness a minor bounce back till 5400 to 5425. The level of 5460 would continue to serve as a stiff resistance for Nifty. Only in case of a break out beyond 5460 we may see further upside till 5500 and beyond that 5630 is a possibility.
News to watch out for
The week began with bad news from Germany where business confidence fell for a 4th straight month owing to growing concerns from the sovereign debt crisis. The European markets reacted negatively and were trading with minor losses at the time of close of Indian markets. Grim news trickled from Japan as well where analysts have forecasted a decline in GDP for Q3CY12. Back home, the Sensex kept edging lower throughout the trading session with the BSE Realty, Bankex and Capital Goods losing between 1.9%-2.7%.
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geplcapital
24th August : Two mins Nifty wrap up for the day
Nifty reacts from under a stiff resistance of 5460. However, the level of 5340 continues to serve as an important support.
Nifty opened negative and remained under selling pressure throughout the session to conclude at 5387 a loss of 29 points.Amongst the sectoral indices the BSE FMCG and HC indices were the outperformer whereas BSE Realty and Bankex indices lost the most.
Though we have seen some profit taking from under an important resistance of 5460, the level of 5340 continues to remain as an important support for Nifty. In the immediate term the level of 5460 would continue to serve as a resistance for Nifty whereas 5340 remains as a critical support. Any breach of this support may induce further weakness till 5220.
In an alternate scenario if it manages to surpass the level of 5460 then we may see a swift upside till 5625 and beyond. Thus it is vital that Nifty sustains above 5340 in the immediate term. We recommend a stop loss of 5340 for any existing long position in Nifty.
News to watch out for
While most of Europe was in the red for a major part of the day, the FTSE managed to keep its head up and was positive to flat on the back of a lower than estimated slump in Q2CY12 GDP at 0.5% (vs an estimated 0.7% slump). However, there still remains an overhang of weak data from the US and the impending European crisis.There are no major events lined up for Monday either in the US or in Europe.
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22nd August : Two mins Nifty wrap up for the day
The level of 5340 continues to serve as an important support.
Despite opening negative Nifty surged higher but was not able to maintain its gains. it concluded the day with a minor loss of 8 points at 5412. The BSE HC and Auto indices were the outperformers whereas BSE Realty index witnessed some profit taking.
Nifty marginally fell short of the target of 5438 as it tested the level of 5433 and succumbed to selling pressure to conclude the day with a loss of 8 points at 5412. In the immediate term the level of 5458 would now serve as a resistance for Nifty whereas 5340 continues to remain as a critical support. As long as Nifty sustains above 5340 the above mentioned levels may be tested on the upside.
In case of a breach of 5340 the upside momentum may be negated and we may see further decline till 5230. We recommend a strict stop loss of 5340 for existing Nifty long positions.
News to watch out for
Today the market breadth was weak with only 39% stocks rose on the BSE 500 index. However, we believe that positive momentum might continue as government increased FDI in insurance and much reforms are expected. Key events to watch for tomorrow will be meeting of EU leaders for further monetizing.
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geplcapital
Commodity Market daily watch 22nd August 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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Weekly wrap: Trading strategies
Weekly wrap
Nifty view for the week
We trail the stop loss for existing long positions to 5340. Any breach of 5340 would indicate further decline
till 5200 to 5215 range.We also recommend profit taking near 5400 for remaining long positions.
Sector in Focus: BSE Auto Index
BSE Sensex continued its uptrend on 3rd consecutive week and closed at 17,691 i.e. 60 points above to its earlier top 17,631 formed in July 2012. BSE Sensex is expected to continue its uptrend and the immediate target for Sensex is placed at 18,000 mark. On the downside, 17,300 is strong support where buying positions can be initiated if any correction is seen.
On sector specific, BSE Auto index is showing movement as per BSE Sensex. The upward rally in BSE Sensex could be reflected in BSE Auto Index where it can show rally up to 10,000 & 10,400 mark. Bajaj Auto, M&M and Tata Motors from Auto Sector are good investment bets on long side considering medium term perspective.
Debt Market weekly
10 Year G-Sec likely to trade in the range of 8.20 to 8.25 % levels.
Debt_Market_Report_180812.pdf
Sector_in_Focus_210812.pdf
Commodity_Market_Watch_210812.pdf -
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Commodity Market daily watch 09th August 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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07th August : Two mins Nifty wrap up for the day
Nifty may react till 5280. However the upside momentum would remain intact till 5130 is intact.
Nifty opened positive and remained in the grip of bears throughout the session to conclude the day with a gain of 54 points at 5336. Amongst the sectoral indices the BSE IT and Auto indices were the outperformers whereas BSE HC index witnessed some profit taking.
Nifty added another 54 points to its value and concluded at 5336. It is now near the resistance of 5348 and may react marginally in the immediate term. We see a correction which may take it down to 5280 to 5260 range which is the support level for Nifty. Any downside should get arrested near the above mentioned support range if the upside momentum has to continue. On the downside the level of 5130 is a critical support for Nifty, the recent upmove should remain intact till the time 5130 holds. In an alternate scenario, if 5130 is breached we may see further sell off in next few sessions.
News to watch out forIndian markets extended their gains for a 2nd day in a row on hopes that the recent cabinet reshuffle would lead to some reforms getting rolled out in the upcoming monsoon session of the parliament. Germany’s trade balance would be keenly watched after factory orders fell 1.7% in June from May. Bad news continued to pour in from Europe as Italy’s GDP contracted by 0.7% in Q2CY12; the 4th straight quarterly decline.
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geplcapital
Commodity Market daily watch 07th August 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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Weekly wrap: Trading strategies
Weekly wrap
Nifty view for the week
The level of 5160 is now an important support for Nifty. As long as this support holds there is a possibility of an upside till 5350 and beyond that 5450.
Sector in Focus: BSE Power Index
After 3 weeks downfall, BSE Sensex bounced back in last week and regained above 17,000 mark once again. BSE Sensex has exactly taken support on its 200 – DMA and now moving upwards. The world markets are looking very positive and the impact may be seen on movement of Sensex. The immediate target for BSE Sensex is 17,600 and next target would be 18,000. The stop loss and trend reversal for current uptrend of Sensex is 16,800.
BSE Power Index has shown very strong rally last week outperforming BSE Sensex. BSE Power Index is most neglected sector so far and no much trading activity has observed in past few months. But the current rise in this sector can revive the sentiments of Investors in this sector stocks hence the stocks like NTPC, Powergrid and Reliance Infra can be bought for short term with their respective stop loss and targets.
Debt Market weekly
10 Year Yield likely to move in the range of 8.20% to 8.32% levels.
Commodity Pick of the week: Copper
Strategy: Sell on rise till 417 with stop loss above 425 Target 405, 400.
Debt_Market_Report_040812.pdf
Sector_in_Focus_060812.pdf
Weekly_Technical_View_060812.pdf
Copper_Commodities_POW_060812.pdf -
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02nd August : Two mins Nifty wrap up for the day
The level of 5260 continues to remain a severe resistance for Nifty
Nifty opened negative and remained in the red for the entire session to conclude the day with a loss of 12 points at 5227. Amongst the sectoral indices the BSE CD and Power indices were the outperformers whereas BSE Oil& Gas index witnessed some profit taking.
Nifty is now trading near the resistance level of 5260. The recent upsides can take it higher but it has a severe resistance placed at 5260 which is a resistance offered by a gap created a few days earlier and is also a major swing high on the intraday charts. In case a break out above 5260 is witnessed then we may see further upside till 5300.
On the lower side the level of 5140 and below that 5070 is a critical support zone for Nifty. There is a possibility of a decline till 5190 and below that 5150 but as long as Nifty hold the support level of 5150 the upside momentum would remain intact. The level of 5070 is a make or break level for Nifty. As long as it trades above this support level a severe fall may be averted. However in case 5070 is breached then we may see further decline till 4990.
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geplcapital
01st August : Two mins Nifty wrap up for the day
The level of 5260 continues to remain a severe resistance for Nifty
Nifty opened positive but remained highly range bound throughout the session to conclude with a gain of 11 points at 5240. Amongst the sectoral indices the BSE HC and CG indices were the outperformers whereas BSE Metal index ended in the red.
Nifty is now trading near the resistance level of 5260. The recent upsides can take it higher but it has a severe resistance placed at 5260 which is a resistance offered by a gap created a few days earlier and is also a major swing high on the intraday charts. In case a break out above 5260 is witnessed then we may see further upside till 5300.
On the lower side the level of 5140 and below that 5070 is a critical support zone for Nifty. There is a possibility of a decline till 5190 and below that 5150 but as long as Nifty hold the support level of 5150 the upside momentum would remain intact. The level of 5070 is a make or break level for Nifty. As long as it trades above this support level a severe fall may be averted. However in case 5070 is breached then we may see further decline till 4990.
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geplcapital
Commodity Market daily watch 01st August 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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geplcapital
Weekly wrap: Trading strategies
Weekly wrap
Nifty view for the week
Nifty to remain under selling pressure till the time it trades below 5260. 5070 is an important immediate
term support, A breach of 5070 would imply further downside till 4990.
Sector Trend Reader
Finally BSE Sensex breached the mark of 17,000 on downside with downward price gap in the last week. BSE Realty, BSE Metal, BSE Mid-cap and BSE Small Cap sectoral indices turned negative due to sharp fall. According to sectoral trend reader, 16,800 is trend reversal on weekly closing basis and Nifty is also trading near its trend reversal level of 5090. After 16,800, the immediate and crucial support for BSE Sensex is placed at 16,500 which is also 62% retracement level.
Current week is very crucial for BSE Sensex and Nifty Indices. If both these indices not able to maintain their trend reversal levels, then the further fall could be witnessed. Hence no sector specific approach in the current week and taking cautious view.
Debt Market weekly
10 Year Yield likely to move in the range of 8.01% to 8.15% levels.
Debt_Market_Report_280712.pdf
Sector_Trend_Reader_300712.pdf
Weekly_Technical_View_300712.pdf -
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31st July: Morning Coffee with GEPL Capital
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31st July : Two mins Nifty wrap up for the day
The level of 5260 continues to remain a severe resistance for Nifty
Nifty opened positive but remained volatile and ended with a gain of 29 points at 5299. Amongst the sectoral indices the BSE Oil & Gas and Realty indices were the out performers whereas BSE CD index lost the most.
Nifty is now trading near the resistance level of 5260. The recent upsides can take it higher but it has a severe resistance placed at 5260 which is a resistance offered by a gap created a few days earlier and is also a major swing high on the intraday charts. On the lower side the level of 5140 and below that 5070 is a critical support zone for Nifty. There is a possibility of a decline till 5190 but As long as Nifty hold the support level of 5150 the upside momentum would remain intact The level of 5070 is a make or break level for Nifty.
As long as it trades above this support level a severe fall may be averted. However in case 5070 is breached then we may see further decline till 4990. A break out beyond 5260 would confirm further upsides till 5350 and higher.
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geplcapital
Commodity Market daily watch 30th July 2012
What To Expect From GEPL CAPITAL’s commodity watchNews on the commodity market at a glance - Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list .
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geplcapital
Commodity Market Watch 27.07.2012
hat To Expect From GEPL CAPITAL’s Commodity Market Watch
- News on the commodity market at a glance
- Bullions, base metals and energy updates
- LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
If you wish to subscribe to our commodity daily market watch click here or SMS ‘GEPL COM’ to 575758 and we will add you to the list.
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geplcapital
27th July: Morning Coffee with GEPL Capital
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A quick peek into your Morning Cuppa… Click here to download Morning Coffee Report · Key Market Happenings / News· Debt Market snapshot · Technical View of Nifty
· Trading Call to help you make more money
· Future & Options – how they fared yesterday
· Hot Commodities and some tips to make quick bucks
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geplcapital
25th July: Morning Coffee with GEPL Capital
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A quick peek into your Morning Cuppa… Click here to download Morning Coffee Report · Key Market Happenings / News· Debt Market snapshot · Technical View of Nifty
· Trading Call to help you make more money
· Future & Options – how they fared yesterday
· Hot Commodities and some tips to make quick bucks
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geplcapital
24th July:Two mins Nifty wrap up for the day
The range of 5090 – 5080 continues to remain a critical support for Nifty.
Nifty opened positive but remained highly range bound throughout the session to conclude the day with a gain of 10 points at 5128. Amongst the sectoral indices the BSE FMCG and CD indices were the outperformers whereas BSE CG index lost the most.
Nifty appears to have found support near the important range of 5080 to 5090 for the time being. However it has a stiff resistance placed at 5160. Any bounce back attempt may not sustain till Nifty trades below the resistance level of 5260. It is very important for Nifty to halt the present decline near 5080 – 5090 range if the upmove that started in the month of June 2012 has to remain intact and on the higher side the resistance of 5260 needs to be cleared as an initial confirmation of strength.
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geplcapital
Weekly wrap: Trading strategies
Weekly wrapSector in Focus: BSE CD Index
For past 2 weeks, BSE Sensex is trading lower and 17,000 mark could be tested in the current week. Investors may get active in the zone of 17,000 – 16,800 again from where bounce back may be visible.. At the same time, 17,350 – 17,400 is expected to provide strong resistance.
BSE CD Index chart is showing very narrow movement and upward breakout may be seen if it succeeds to cross 6500 mark. In such scenario, the buying positions can be created in this sector stocks like Blue Star, Gitanjali and Titan.
Debt Market weekly
10 Year Yield likely to move in the range of 8.00% to 8.10% levels.
Commodity Pick of the week:Nickel
Strategy:Sell below 882 with stop loss above 894 Target 862.
Nickel_Commodities_POW_230712.pdf
Sector_in_Focus_230712.pdf
Debt_Market_Report_210712.pdf -
geplcapital
20th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session The level of 6145 continues to serve as a support for Nifty
The market is off the day’s highs as the Nifty has fallen off the 6200-mark. The Sensex is down 62.14 points at 20223.98, and the Nifty fell 30.40 points at 6156.90.The midcap index was flat, but names like Ashok Leyland, Reliance Cap, HDIL and IVRCL are seeing smart gains. Weakness in pharma and consumer durables were pulling down the indices. Bharti Airtel, ONGC, Dr Reddys Labs,Wipro and Cipla were major losers in the Sensex.
Hong Kong shares closed at a three-and-a-half month high following a three-day weekend, reflecting a bullish mood on Wall Street and heightened confidence in Chinese economic reform plans. The benchmark Hang Seng Index added 410.35 points to end at 23,493.03.The benchmark Nikkei 225 index soared 222.69 points to 15,360.81, the best close since December 2007
Technical Wrap
Nifty ended the day with a loss of 30 points despite opening positive in the morning. The level of 6145 to 6140 continues to serve as an important support for Nifty. The present upside may now face severe resistance near 6200 to 6270 range as long as it trades above 6145.
The level of 6270 is the resistance offered by an important Trend line connecting the earlier highs of 5629 and 6111. The level of 6145 and below that 6110 would now act as an intraday support, whereas 5970 has now turned as a positional support for Nifty
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
18th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session Nifty now has support at 6145
It was a weak session of trading for Indian markets yesterday as investors preferred to book profits today after NIFTY’s massive run-up over the past few trading sessions. Hardly any stocks in the SENSEX were up more than 1% whereas BHARTI AIRTEL (-1.96%) was the top loser. The session was quite choppy as may be expected after a huge rally since investors use spikes in prices to book profits. Among heavyweights, ITC (-0.62%) reported yet another satisfactory quarterly performance.
Among Asian indices, HANG SENG was closed today whereas SHANGHAI COMPOSITE and NIKKEI rallied 1.38% and 0.67% respectively. SHANGHAI COMPOSITE closed 1.38% higher on expected reforms in the real estate sector. NIKKEI reached its highest level since August, 2008 as investors expressed their confidence in the Government’s stimulus measures.
Technical Wrap
Nifty ended the day with a gain of 0.28% at 6187. The present upside may now face severe resistance near 6200 to 6270 range as long as it trades above 6145. The level of 6270 is the resistance offered by an important Trend line connecting the earlier highs of 5629 and 6111. The level of 6150 and below that 6110 would now act as an intraday support, whereas 5970 has now turned as a positional support for Nifty
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
16th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session Nifty now has support at 6150
Key equity benchmarks consolidated today and managed to end in green after touching fresh multi-year highs in trade today. Shares of banks, realty, auto, pharma and capital goods continued to see buying in trade and closed with smart gains. The Sensex closed at 20247.33, up 0.17% and the Nifty ended at 6169.90 up 0.38%.Interest rate sensitives continue to outperform and extended their rally today on hopes of rate cut by the Reserve Bank of India.
Hong Kong shares finished 0.17 percent higher after Wall Street brushed off gloomy data from the eurozone to hit another record high. The benchmark Hang Seng Index added 38.44 points to 23,082.68. On the downside, NIKKEI 225 dropped 0.4% to 15,037.24, managing to finish above the 15,000-point level. The benchmark had on Wednesday ended above 15,000 for the first time in more than five years.
Technical Wrap
Nifty opened strong and managed to end yet another day with gains. It concluded with a gain of 23 points at 6269. The present upside may now face severe resistance near 6200 to 6270 range as long as it trades above 6150, it may attempt to move higher till 6200 to 6225 range and beyond that 5270 is a possibility. The level of 6270is the resistance offered by an important Trend line connecting the earlier highs of 5629 and 6111. The level of 6150 and below that 6110 would now act as an intraday support, whereas 5970 has now turned as a positional support for Nifty
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
15th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session As the bearish move is negated, Nifty may test 6200 – 6225
Today’s market movement resembled the Run Rate Chart when Chris Gayle bats – Up, UP and UPPP!! It was an unabated rally that lifted large cap stocks as if they were mid-caps and with it lifted investor sentiments. Buying was seen across sectors as investors lapped up blue chips on expectations of a rate cut by RBI in its meeting in June. However, considering that we were already at multi-month highs, the rally seems overdone. In addition to domestic reasons, the rally could be a spill-over effect of soaring global liquidity. India is certainly among the preferred emerging markets due to its potential economic revival. Most of the results announced this quarter have been on expected lines or better. Hence, there is reason to believe that things are improving. Till the party continues, let us all enjoy and not play spoil-sport.
Among SENSEX stocks, WIPRO (-0.53%) was the only stock that ended in the red. Rate sensitives ruled the roost today on rate cut hopes. BSE REALTY (+4.04%) was the strongest of broader indices followed by BSE BANKEX (+3.95%). None of the broader indices ended in the red. NIFTY gained 2.52% to close at a 28-month high and above the 6,100 mark whereas SENSEX gained 2.49% to end at the highest level since January, 2011 and above the 20,200 mark.
The screener for Asian market too looked hopeful as SHANGHAI COMPOSITE, HANG SENG & NIKKEI ended with gains of 0.35%, 0.50% and 2.29% respectively. Though the SHANGHAI COMPOSITE ended in the green, sentiments were dampened after the Chinese premier signaled an end to stimulus measures. NIKKEI was guided upwards due to virgin levels scaled by Wall Street indices.
Technical Wrap
Nifty ended the day with a massive gain of 151 points at 6146. It managed to breach the resistance of 6060 and further advanced beyond the earlier high of 6115. The present upside may now take it even higher till 6200 to 6225 range and beyond that 6270 is likely, where it has resistance of an important trend line joining the earlier highs of 5629 and 6111. The level of 6110 would now act as an intraday support, whereas 5970 has now turned as a positional support for Nifty
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
13th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session Further decline till 5925 likely
"What goes up has to come down" is an old adage. The NIFTY had been going in only one direction over the past few days – UP. So today came the dip; a rather big one. Immediately, investors panicked, economists started searching for reasons and technical analysts re-adjusted their support levels. Indians are celebrating Akshaya Tritiya today; the festival of gold, but gold prices fell 1.42% in dollar terms as the dollar gained in value versus the Yen and Euro. Earlier in the day, India’s April, 2013 trade deficit widened to $17.8 bn, a rise of 21%. This has been accentuated by gold and silver imports which shot up 138% to $7.5bn in April, 2013 versus $3.1 bn in April, 2012. What is evident from this is that the Government’s efforts to diminish India’s voracious gold appetite have not borne fruit as yet. Gold still remains the No. 1 headache for our economy. There was little consolation about the fact that CPI came in at 9.39% for April, 2013 versus Bloomberg estimates of 9.74%. Today’s fall was steep and quick and hardly gave time to investors to exit their positions. However, one need not jump to conclusions as yet. This could well be just a pause as investor fatigue could have set in after such a long and fast rally. The fall could have got magnified due to dismal trade deficit figures. So we advise investors to be cautious at present and adopt a wait and watch approach. Today’s fall was led by BSE FMCG (-3.17%) & BSE CAPITAL GOODS (-2.61%) whereas none of the broader indices ended in the green. This was the SENSEX’s biggest intra-day fall in an year. NIFTY lost 2.08% to close below the 6,000 mark whereas SENSEX lost 2.14% to close below the 20,000 mark. Tomorrow we have the all important WPI announcement for April, 2013 and Bloomberg estimates are for a reading of 5.45%.
It was mixed, but relatively less turbulent in Asia where SHANGHAI COMPOSITE lost 0.22%, HANG SENG lost 1.42% and NIKKEI gained 1.20%. China’s fixed asset investment decelerated in April, 2013 versus the prior month, which dampened investor sentiments. On the other hand, NIKKEI hit a fresh 5.5 year high due to a weakening Yen
Technical Wrap
Nifty ended the day with a loss of 126 points at 5980. It has breached the support of 6020 and has also given a breach of an advancing Wedge pattern on the hourly chart. This breach indicates there is a further possibility of a decline till 5925 and below that 5870 is also likely.On the higher side the level of 6020 to 6030 would now serve as a resistance for Nifty
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
11th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session Nifty closed right at the resistance of 6111
Adding to the strong buying interest already present in the market was yesterday’s IIP data announcement. IIP reading for March, 2013 came in at 2.5% bettering street estimates of 2.4%. Manufacturing (3.2% vs -3.6%) and Capital Goods (6.9% vs -20.1%) showed strong pickup in growth. .There is renewed optimism in the market that could take it to new highs if the current momentum is sustained. NIFTY crossed the 6,100 mark today for some time before settling at 6,095. We are just a whisker away from the 52-week high for the NIFTY which is placed at 6,112. It looks as if FIIs will continue to buy into Indian equities at least for some time to come.
Asian markets also saw a lot of buying yesterday as all the three major indices; SHANGHAI COMPOSITE (+0.62%), HANG SENG (+0.47%) & NIKKEI (+2.93%) ended on an optimistic note. Investors are betting on an improvement in IIP numbers in China which is due next week. Bloomberg estimates are for a growth of 9.5% in April, 2013. NIKKEI continued to soar higher as the Yen dropped past 101 per USD.
Technical Wrap
Nifty ended the week with a gain of 2.75% at 6107. It is now trading right at the resistance of 6111. Only if it manages to sustain above 6111 on a closing basis there may be a possibility of a further upside till 6200 to 6250 range. On the downside it has support placed at 6020. As long as it manages to sustain above 6020 the trend would remain up but on a breach of 6020 it may succumb to selling pressure and come down till 5930 and below that 5850 is possibility
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
Commodity Market daily watch:10th May 2013
What To Expect From GEPL CAPITAL’s commodity watch - News on the commodity market at a glance
- Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
9th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session Markets take a breather-Finally
After a hectic rally over the past few days, markets finally looked to consolidate today. Several stocks that had scaled new highs in the recent past came under profit booking pressure today namely, SUNPHARMA (-3.30%), LUPIN (-0.86%), HDFC (-0.90%). On the back of robust results from PNB (+4.70%), the BSE BANKEX (-0.33%) made attempts to bounce back from the lows of the day, however, it was dragged down by other large counters such as AXIS BANK (-2.27%), HDFC BANK (-0.90%), KOTAK MAHIMDRA BANK (-0.45%) among others. However, PNB’s results enthused buying in other PSU banks such as BANK OF INDIA (+2.43%), SBI (+1.88%), UNION BANK (+1.44%) and others. Among the broader indices, BSE IT (+0.87%) was up the most on the back of encouraging results and growth guidance from COGNIZANT TECHNOLOGY SOLUTIONS (CTS). CTS has guided for 17% growth versus Nasscom’s industry guidance of 12% – 14%. BSE HEALTHCARE (-1.62%) lost the most among broader indices as all major pharma companies came under heavy profit booking. SENSEX and NIFTY shed 0.26% and 0.32% respectively with SENSEX closing below the 20,000 mark that it had scaled yesterday. Today’s fall may not necessarily be a direction reversal. Markets may simply be taking a breather after 10% rally over the past 1 month. FIIs too have been relentlessly pouring in money into Indian equities. Till they keep doing so the direction will remain upwards. A lot depends on macro-economic data which has been mixed so far. Tomorrow will be a crucial session as we have IIP announcement for March, 2013. Bloomberg estimates point to a 2.4% growth versus 0.6% growth in February, 2013.
Just like in India, even Asian markets came under heavy profit booking. SHANGHAI COMPOSITE & HANG SENG closed lower by 0.59% and 0.14% respectively. China’s CPI came in at 2.4% for April, 2013 versus Bloomberg estimates of 2.3% adding to concerns that the Government would attempt to slow growth. However, inflation is still way below Government’s target of 3.5%, hence scope for further stimulus remains. NIKKEI too lost 0.66% after its recent multi-year high run-up. However, the rally could be far from over for Japanese stocks since the Bank of Japan is expected to announce more stimulus in the later part of this year.
Technical Wrap
Nifty ended in the red after several days of advance losing 19 points at 6050. It has managed to give a close above the 80% FR of the entire decline of 6111 till 5477 but now has a trend line resistance placed at 6080 and beyond that there is a resistance in the form of the swing high of 6111. Only if it manages to sustain above 6111 there may be a possibility of a further upside till 6200 to 6250 range.
On the downside it has support placed at 6000. As long as it manages to sustain above 6000 the trend would remain up but on a breach of 6000 it may succumb to selling pressure and come down till 5930 and below that 5850 is possibility
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
Commodity Market daily watch:9th May 2013
What To Expect From GEPL CAPITAL’s commodity watch - News on the commodity market at a glance
- Bullion, base metals and energy updates
- Precious metals, base metals, energy LME inventory data
- Select economic data
- Major Currency updates
- Commodity trading strategies – commodity calls
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
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geplcapital
8th May: 2 mins Nifty wrap up for the day
A daily wrap up on the market, which will keep you updated on what happened in the day and what to expect & news to watch out for the next trading session Key resistance remains at 6080 to 6110 range
After NIFTY’s surge above the important 6,000 level, it was the SENSEX’s turn today as it scaled 20,000 for the first time since 31st January, 2013. Though the market was positive, number of positive and negative SENSEX stocks were almost equal. The up-move was led by HDFC (+3.85%) and ITC (+2.27%). HDFC reported a good set of numbers for Q4FY13 whereas ITC gained on reduction of VAT on cigarettes from 50% to 25% in Uttar Pradesh. Indian markets followed global cues today which were quite encouraging. While on one hand, global markets could move further up if economic optimism sustains and commodity prices see a resurgence; this would actually spell bad news for Indian companies which may then see a rise in raw material prices and a strain on India’s CAD. Hence, Indian markets may not follow global trends for long. Among broader indices, BSE FMCG (+1.43%) and BSE BANKEX (+0.11%) saw buying interest whereas BSE CAPITAL GOODS (-0.65%) and BSE AUTO (-0.46%) witnessed selling pressure. BSE MIDCAP (+0.47%) and BSE SMALL CAP (+0.47%) moved almost in tandem with SENSEX (+0.51%) and NIFTY (+0.43%).
Asian markets closed in the green today on the back of strong trade data from China. SHANGHAI COMPOSITE (+0.48%) and HANG SENG (+0.86%) ended with gains as China reported a trade surplus of $18.16bn versus Bloomberg estimates of $16.15bn and exports growth of 14.7% in April, 2013 versus estimates of a 9.2% growth. NIKKEI hit a five year peak and closed 0.74% higher owing to the optimism from Chinese data. European markets extended gains on the back of encouraging industrial output data from Germany. The European powerhouse saw a 1.2% M-o-M rise in industrial output in March, 2013 versus Reuters poll predictions of a 0.1% dip. Consequently, FTSE (+0.24%), CAC (+0.73%) and DAX (+0.64%) were all trading with considerable gains. One can see green shoots emerging in global economy after quite a long time. China, US, Europe seem to be slowly coming out of the "gloom" and beginning to "bloom". However, we are still far away from a "boom".
Technical Wrap
Nifty inched higher for yet another day and concluded with a gain of 25 points at 6069. It has managed to give a close above the 80% FR of the entire decline of 6111 till 5477 but now has a trend line resistance placed at 6080 and beyond that there is a resistance in the form of the swing high of 6111. Only if it manages to sustain above 6111 there may be a possibility of a further upside till 6200 to 6250 range.
On the downside it has support placed at 6000. As long as it manages to sustain above 6000 the trend would remain up but on a breach of 6000 it may succumb to selling pressure and come down till 5930 and below that 5850 is possibility
4 EASY WAYS TO GET IN TOUCH +91 22 66182400 | info | Visit http://www.geplcapital.com | SMS ‘GEPL’ to 575758 Disclaimer: “This message is for the named addressees’ use only. It may contain confidential, proprietary or legally privileged information. If you receive this message by error, please immediately delete it. You must not, directly or indirectly, use, disclose, distribute, print, or copy any part of this message if you are not the intended recipient. Unless otherwise stated, any commercial information given in this message does not constitute an offer to deal on any terms quoted. Any reference to the terms of executed transactions should be treated as preliminary only and subject to our formal written confirmation. The transmission and content of this E-mail cannot be guaranteed to be secure or error-free. Therefore, we cannot represent that the information in this E-mails complete, accurate, uncorrupted, timely or free of viruses and GEPL Capital & its group of companies cannot accept any liability for E-mails that have been altered in the course of delivery.”
