Market Pearl

Crude oil futures rallied to one week highs above $97 a barrel boosted by gains in equities and the positive data releases from US. Japanese stocks shot higher Friday, as an overnight advance on Wall Street and a weakened yen combined with upbeat industrial-production data to lift sentiment, while other Asian markets also saw gains.Japan’s Nikkei Stock Average jumped another 3.3% on top of Thursday’s 3% rally, recording a climb of more than 30% in the first half of 2013. At the Multi Commodity Exchange, copper for delivery in August shed Rs 2.10, or 0.51%, to Rs 406.75 per kg in business turnover of 2,118 lots.  Similarly, copper for delivery in June traded lower by Rs 2, or 0.50%, to Rs 401.80 per kg in 2,075 lots. Analysts attributed the fall in copper futures to weak global cues amid signs of slowing in China and uncertainty about the future of stimulus in the US. MCX Copper is declined by 0.70% and seems to trade more down side for next trading session. Get Daily Copper updat

Gold Silver Live Gold and Silver both precious metals showing up trend with little buy signals. Gold is on upside with 0.04% while silver also on green mode with +0.16%. Gold, which has declined more than 30 percent since its peak of around USD 1900 in 2011, has fallen victim to a heavy bout of selling since April. The benign global inflationary environment has lessened the appeal of the metal as a hedge against rising prices. In addition, prospects for a scaling back of liquidity in the world`s largest economy, alongside a stronger US dollar, have also weighed on the precious metal.  From now Gold can trade between the level of 26800 to 27900 for next 10-15 days. Base metals also showing positive trend, base metal ling Copper trading with +2.35 Indian rupee. We are here to give our opinion and market research on the basis of our technical and fundamental analysis. We provide daily commodity updates with Silver and Gold tips. 

Live Stock Tips Buy TCS at 1427 ( for 5 days Hold) For Target - 1448, 1467.50 & 1505 With SL - 1411.45 Buy VIP Ind. ( for 2-3 Days) At - 54.50 For Target - 56.10, 57.60 with SL - 53.70

Live Gold Trend Gold is on three years low, while Spot gold down nearly by 9 percent this week. Gold future also declined with international market price. Gold can recover on friday by 1-2% as per our analysis. Spot gold was down 0.5 percent at USD 1,271.16 an ounce by 0121 GMT on Friday. The metal fell to USD 1,269.04 earlier - its lowest since September 2010 and a level which would mark the worst weekly decline in 30 years. Mean while the drop in prices could see a spurt in physical demand in top consumers India and China, which have been quiet recently. Gold can buy from 26950 for 2-3 days hold, for target 27200 to 27450.