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Showing posts from July, 2011

Nifty Live

Nifty for Tomorrow Nifty future's projected high and low for next session is 5580 and 5501 (use this projection with other indicators). Nifty Future's immediate resistance now comes at 5560. Sustenence above that zone will zoom up to 5609. Immediate support band now comes at 5547-5532 zone. If cannot sustain above 5560 then it will crash towards 5532, below 5532 straight fall will be seen up to 5502 also. Where this downfall may get arrested. If fails to give any bounce then no hope for bulls, we may see 5443 in next series also. Bank nifty tomorrow Bank Nifty future's immediate resistance now comes at 11035. Immediate support now comes at 10975. If cannot sustain above 11035 then it will crash towards 10975.

MCx Crude OIl Trend with Gold Trend

Crude Oil Trend Crude oil futures traded higher tracking recovery at the Nymex counter market during the evening hours of trading on Multi Commodity Exchange (MCX) Tuesday. Crude oil gained as euro appreciated against dollar ahead of  the European Union's emergency debt crisis summit and on expectations of a drop in US crude oil stockpiles .   MCX Gold Trend India gold futures reversed from an early record high on Tuesday afternoon weighed by a stronger rupee, which made the dollar-quoted yellow metal cheaper, but traders sought bigger falls in prices to book deals ahead of the festival season next month. * The most-traded gold for August delivery on the Multi Commodity Exchange (MCX) was trading 0.11% lower at Rs 23,201 per 10 grams at 2:46 pm, reversing from its record of Rs 23,320 struck earlier. * The rupee rose in afternoon trades aided by gains in domestic equities and the euro. The rupee plays an important role in determining the landed cost of dollar-quoted yellow metal