Market Pearl

MCX Commodity  All Commodity Today fall, Gold, Silver & Other base metals were down today. Nymex crude oil prices declined sharply by 1.1 percent on Wednesday as economic concerns heightened and led to worries over demand, especially from the US. The Federal Reserve said in its FOMC statement yesterday that there was significant downside risk to the economy. Prices slipped on the back of this and did not find any respite even after decline in weekly crude oil inventories.

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Buy Suzlon At - 54.00 for Target 54.30 & 54.80 SL - 53.30 Intraday Stock Tips

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 Live Tips BUY CRUDE 4385  S/L 4368 TGT 4400 4418

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 ...

Crude Oil Price Crude oil recovered from its lows today as equities stabilized and dollar dropped following reports that Greek creditors are headed toward an agreement to roll over a major chunk of their holdings of that nation's bonds into longer maturity debt. The commodity dropped in Asian trades, extending the latest sell off as equities slid and concerns that the International Energy Agency (IEA) could initiate efforts to supply more crude oil in the world markets.  Gold Price Gold is mixed today after last week’s 2.4% fall. The short term trend remains negative but medium and long fundamentals remain supportive as do the very challenging and risky macro, sovereign debt and currency environment. Physical buying remains strong at the $1500 level with premiums for gold bullion bars higher in Singapore and Hong Kong. Options expiration played a role in softer Comex gold and silver Monday, says George Gero, vice president and precious-metals strategist with RBC Capital Markets G...