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Today’s MCX Market Trend and News

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Market Outlook

Gold prices were lower on Wednesday as investors awaited the minutes of the Federal Reserve’s September policy meeting later in the day, which was expected to reinforce expectations for a December rate hike. Oil prices rose for a third day on Wednesday on signs that markets are gradually tightening after years of oversupply, though the outlook for 2018 remained less certain. The underlying trends in the base metals are upward but those metals in or near high ground seem to be having to absorb selling which is capping the upside, while copper and nickel prices that are still some way below the highs.

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Fundamental News

The losses came after gold prices advanced in the previous three sessions, rebounding after a recent selloff that was fueled by interest rate concerns and a stronger dollar.

OPEC on Wednesday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was successfully getting rid of a glut, pointing to a tighter global market next year.

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Gold gave gap-down opening today and trade sideways to bearish and found the important support level of 29702. If it will be closed below the support level of 29700 then next support level will be 29600. On another hand, next resistance level will be 29850.

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Silver showed consolidate movement and found important resistance level of 40300. Now if it will break the important resistance level 40350 then next resistance level will be 40580. On the other side, 40000 will act as a major support level.

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Crude showed bullish movement and found the important resistance level of 3360. Now if it will close above the important resistance level of 3370 then 3400 will act as next resistance level. On the other hand, 3250 will act as a major support level.

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Copper showed bullish movement and found the important resistance level of 447.40. Now if it will close above the important resistance level of 451.50 then 455 will act as next resistance level. On the other hand, 440 will act as a major support level.

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NCDEX Market – Ideal Platform for Investment

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chakki-atta-500x500Guarseed showed bullish movement and found the important resistance level of 3880. If prices sustains below 3800 level in next trading session then this momentum can take prices to 3750 level. If it breaks the resistance level of 3900 then 3950 will act as next resistance level.

GUDJeera showed bearish movement today and found the support level of 18650. If prices sustain below 18650 levels in next trading session then this momentum can take prices to 18400 levels. If it breaks the resistance level of 19200 then 19500 will act as next resistance level.

JEERA

Soyabean showed bearish movement and found the important support level of 2890. If prices sustain below 2890 level in next trading session then this bearish momentum can take prices to 2850 level. If it breaks the resistance level of 2940 then 3000 will act as next resistance level.

SOYA

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Information About the Indian Equity Market Tips

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Market Snippet
Benchmark index loses the morning gains to settle lower as investors turned cautious ahead of corporate earning session starting tomorrow. The earning session is likely to remain subdued due to the impact of GST. Investors also await the retail inflation data due tomorrow, which is likely edged up in September. Nifty ended at 9992.50.IT stocks were the major gainers of the day while banking stocks were the losers for the day.

Global Markets Update
Japan’s Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.
Emirates is open to cooperation with rival Etihad Airways on areas including procurement adding a full merger between the pair was unlikely but up to the owners.

Nifty

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How To Get Profit From Mutual Fund

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If you are disinclined to take much of a risk, you are likely to stick with investing in fixed funds which won’t leave you in a position where you are likely to lose everything, but they are also unlikely to put you in a position where your savings will multiply low risk often equals low increase. Over assurance, more than one investor told me that they are investing their money in only one or two funds. Believe Lifestyle Funds existence funds are outstanding options for investors who experience that they don’t know sufficient to invest for them or that don’t an aspiration to deal with the irritating. Stay Out of the Money Market Fund or Constant Value Funds such funds are best if you are structure an urgent situation cash remain back or saving for your summer holiday, but if your investment time vision is long, putting your money in such vehicles is a deprived conclusion.

Mutual Funds are really great investment options planned to decrease risk. In general, you can further separate this form of investing into the following categories: – money market funds are considered very low risk and have a very small return. Sometimes, the return on these investments is less than price rises \bond funds spend in administration loans, both federal and local. They are low to reasonable risk investments and are very sensitive to interest rate changes neutral funds mix stocks and bonds to decrease the investment risk of stocks and to benefit from the assurance of bonds stock index funds consist of stocks of companies which are found in market indexes and who normally follow the stock market. As you near retirement, you might want to switch your investments to more conventional funds to preserve their value. Target-date funds make simpler long-term investing. In the share market lot of tips available on the internet like stock tips, Free Stock Trading Tips For The Huge Profit, Live stock tips, etc.

There are numerous ways to plan for your financial future. When I say future, I mean both long term and short term. Saving money has an instant effect on your bottom line. Investing in places like the stock market are long-term investments. One vehicle for investing in the mutual fund. So, what is a mutual fund and why would you want to invest in it?

Mutual funds are investments that are fairly simple to make. After all, unlike investing in single stocks, mutual funds permit you to expand your holdings while not having to do the heavy exciting yourself. Mutual funds are managed by the mutual fund manager. They are accountable for the investments made with the investors’ money. This is why you require doing your homework on the various funds available.

Gold Market and Silver Market News

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Market Outlook

Gold prices bounced off their lowest level in around eight weeks on Wednesday, as the dollar lost some momentum after striking a one-and-a-half-month high, luring some investors back to the precious metal. Oil prices eased on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the year. The drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone. Zinc and lead prices are setting new highs for the year and aluminum and nickel prices are following, although have yet to push into new high ground for the year while nickel is rallying off a lower base than aluminum.

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Fundamental News

Gold prices were restricted to a narrow $7 trading range hovering above seven-week lows amid dollar weakness as investor’s awaited direction from top-tier economic data and a speech from Fed chair Yellen later in the week.

Iran’s oil minister said on Wednesday he saw no objection within OPEC to extending or even deepening an OPEC-led deal to cut oil output get rid of a supply glut.

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Gold showed bearish movement and found the important support level of 29360. Now if it will close below the important support level of 29350 then 29300 will act as next support level. On the other hand, 29600 will act as a major resistance level.

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Silver showed bearish movement and found the important support level of 39000. Now if it will close below the important support level of 39000 then 38700 will act as next support level. On the other hand, 39650 will act as a major resistance level.

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Crude showed bearish movement and found the important support level of 3270. Now if it will close below the important support level of 3250 then 3200 will act as next support level. On the other hand, 3370 will act as a major resistance level.

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Copper showed bearish movement and found the important support level of 425.50. Now if it will close below the important support level of 425 then 420 will act as next support level. On the other hand, 435 will act as a major resistance level.

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