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NCDEX Market Highlights & News

Guarseed showed bullish movement and found the important resistance level of 3915. If prices sustain below 3850 level in next trading session then this momentum can take prices to 3800 level. If it breaks the resistance level of 3925 then 3975 will act as next resistance level.

Jeera showed bullish movement today and found the resistance level of 19650. If prices sustain below 19200 levels in next trading session then this momentum can take prices to 19000 levels. If it breaks the resistance level of 19700 then 20000 will act as next resistance level.

Soybean showed bearish movement and found the important support level of 3090. If prices sustain below 3080 level in next trading session then this bearish momentum can take prices to 3050 level. If it breaks the resistance level of 3150 then 3200 will act as next resistance level.

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Edge in Crude Oil and Profitable News

Market Outlook

Gold prices were hovering at two-month highs on Friday, as mounting tensions between the U.S. and North Korea continued to support strong demand for safe-haven assets.  U.S. oil moved lower on Friday, as fresh concerns over rising supplies surfaced following the release of the Organization of the Petroleum Exporting Countries’ monthly report on Thursday. For the base metals recent fundamental developments should help to provide underlying support, but considering the scale of recent gains, some profit taking/consolidation is likely.

Fundamental News

The precious metal remained supported as tensions escalated between Washington and Pyongyang after U.S. President Donald Trump warned the peninsula on Thursday against attacking Guam or U.S. allies.

World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday.

Gold showed sideways to bullish movement and found the important resistance level of 29295 Now if it will close above the important resistance level of 29300 then 29500 will act as next resistance level. On the other hand, 28800 will act as a major support level.

Silver showed sideways to bullish movement and found the important resistance level of 39396 Now if it will close above the important resistance level of 39550 then 40000 will act as next resistance level. On the other hand, 38500 will act as a major support level.

Crude showed bearish movement and found the important support level of 3082. Now if it will close below the important support level of 3080 then 3050 will act as next support level. On the other hand, 3235 will act as a major resistance level.

Copper showed sideways to bullish movement and found the important resistance level of 413 Now if it will close above the important resistance level of 415 then 420 will act as next resistance level. On the other hand, 400 will act as a major support level.

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Indian Equity Trading Tips For Traders 14 August

Market Snippet
Benchmark indices traded lower for the fifth straight trading session as the largest public sector lender SBI and Union Bank of India posted weak quarterly results, meanwhile volatility index India VIX hit its highest in six months. The increasing tension between USA and North Korea also kept the pressure on market to trade lower. Nifty ended the session to close at 9737.60.The Pharma stocks were the major gainer of the day while PSU banks and Metal stocks were the losers of the day.

Global Markets Update
Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, a move that could loosen Ticketmaster’s powerful grip on the lucrative ticketing business. The Seattle-based company sees the U.S. ticketing market as ripe for attack.

Asian shares fell sharply on Friday, hit by tough language between North Korea and Washington that has sparked safe haven demand.  President Donald Trump warned of “fire and fury” if North Korea persisted in threatening the U.S.

Nifty

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Get Expert Advice on Equity market

Market Snippet
Benchmark indices traded lower for the fourth straight session amid weak global cues as the increasing tension between United States and North Korea kept the major world indices lower along with domestic equities market. In intraday session nifty fell as much as 131 points, over 1%, witnessing its biggest intraday fall in 8 months. Nifty ended the session to close at 9854.75. The IT stocks were the major gainer of the day while Realty and Media stocks were the losers of the day.

Global Markets Update
Cooperation talks between Germany’s Volkswagen Group and India’s Tata Motors about joint development of a cheap car for emerging markets, have been ended amicably, a Volkswagen Group source said on Thursday.
Japanese stocks finished slightly lower after a choppy session on Thursday, as investors kept a wary watch on tension over North Korea ahead of Japan’s long weekend.

Nifty

 

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Free MCX Tips and Market News

Market Outlook

Gold prices held near their highest level in around seven weeks on Tuesday, as market players looked ahead to a key batch of U.S. economic data to gauge the strength of the world’s largest economy and how it will impact the Federal Reserve’s view on monetary policy. Oil traded near two-month high, supported by signs that a persistent inventory glut is starting to ease and strong global demand, although stronger OPEC production kept a lid on gains. Copper prices are managing to generally hold on to most of its recent gains and the metal looks strong, while the other metals appear not to be convinced that they should be following copper’s lead.

Fundamental News

Gold prices in India last week recorded the biggest discount in seven months as a rebound in prices hurt retail demand while imports of the precious metal are expected to come under pressure amid a seasonal slowdown.

Brent crude oil prices were expected to remain broadly unchanged in 2018 and average at around $45-$50 a barrel as U.S. shale production is able to expand at these levels, effectively capping prices.

 

Gold showed sideways to bullish movement and found the important resistance level of 28814. Now if it will close above the important resistance level of 28860 then 29000 will act as next resistance level. On the other hand 28500 will act as a major support level.

Silver showed bearish movement and found the important support level of 38230. Now if it will close below the important support level of 38000 then 37500 will act as next support level. On the other hand, 39000 will act as a major resistance level.

Crude showed bearish movement and found the important support level of 3107. Now if it will close below the important support level of 3100 then 3050 will act as next support level. On the other hand, 3235 will act as a major resistance level.

Crude showed bearish movement and found the important support level of 3107. Now if it will close below the important support level of 3100 then 3050 will act as next support level. On the other hand, 3235 will act as a major resistance level.

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