BUSINESS
Natural gas futures flat at Rs 200 per mmBtu on lower inventory build up
“Technically, MCX Natural Gas April hold resistance near Rs 202-Rs 206 levels and has support near Rs 198-Rs 195 levels”, said Sriram Iyer, Senior Research Analyst at Reliance Securities.
BUSINESS
Aluminium futures touch lifetime high of Rs 190 per kg on MCX amid firm global cues
The momentum indicator Relative Strength Index (RSI) is at 67.11, which indicates bullish movement in prices.
BUSINESS
Crude Palm oil futures hit lifetime high of Rs 1,167/10 kg on the MCX
The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 60.83, which indicates positive momentum in the prices.
BUSINESS
Copper futures gain 1.64% to Rs 717.95 per kg on falling mines supply, firm demand
Supply worries arising from major Copper producing nations amid a weaker US Dollar has painted a favourable picture for the red metal prices.
BUSINESS
Cotton futures gain 0.69% to Rs 21,830 per bale on lower inventory
The soft commodity has been trading higher than 5, 20, 50, 100 and 200 days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 57.32 which indicates upbeat momentum in prices.
BUSINESS
Gold prices jump to Rs 46,545/10 gm on safe-haven appeal; silver surges Rs 1,178 a kg
The broader range on COMEX could be between $1720- 1750 and on the domestic front, prices could hover in the range of Rs 46,580- 47,070, said Damani.
BUSINESS
Crude oil futures slip 0.80% to Rs 4,714/barrel; WTI trades near $63/bbl
The International Energy Agency (IEA) forecasted global oil demand and supply to rebalance in the second half of the year.
BUSINESS
Silver futures rise 0.62% to Rs 68,059 per kg tracking gains in gold, dollar weakness
The semi-precious metal has been trading higher than 5, 20, 50, 100 and 200 days’ moving averages on the daily chart. The momentum indicator Relative Strength Index is at 57.94 which indicates bullish momentum in prices.
BUSINESS
Natural gas futures fall 0.51% to Rs 195.30 per mmBtu ahead of inventory report
The commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 day’s moving average on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 53.78 which indicates positive momentum in the prices.
BUSINESS
Zinc futures tank 2.7% to Rs 221.55 per kg on weak global trend; outlook bullish
Falling production is likely to add worries to the prices, however, the demand/usage of metals and ores is also forecasted to remain strong especially in China and other Asian countries with positive economic reports in India.
BUSINESS
Copper futures slip 0.54% to Rs 686.10 per kg on China concern
The non-ferrous metal has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than the 5-day moving average on the daily chart. The Relative Strength Index (RSI) is at 55.07 which indicates bullish momentum in prices.
BUSINESS
Gold prices jump for seventh successive day to Rs 46,545/10 gm; silver gains Rs 247 a kg
Speculators raised their bullish position in COMEX gold and silver contracts by 26,943 contracts to 77,406 and by 3,648 contracts to 24,884 respectively in the week to April 6, US CFTC data showed.
BUSINESS
Interview | Gold buying for wedding rises as COVID restrictions cut other costs: Kalyan Jewellers' Ramesh Kalyanaraman
Kalyan Jewellers says customers prefer its standalone showrooms over small shops because of better safety protocols during the pandemic and the quality of its products. The company's executive director Ramesh Kalyanaraman says its 14 new stores being launched will break even from day-1 as major costs like advertising are borne by existing stores.
BUSINESS
Crude oil futures surge 1.65% to Rs 4,507/barrel; Brent trades near $64
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 53.03, indicating positive momentum in prices.
BUSINESS
Silver futures trade flat on weak global cues; rupee depreciation cap downside
The semi-precious metal has been trading higher than 5, 20, 100 and 200 days’ moving averages but lower than the 50-day moving average on the daily chart. The Relative Strength Index (RSI) is at 54.29 which indicates positive momentum in prices.
BUSINESS
Natural gas futures rise 1.64% to Rs 192.20 per mmBtu on colder weather outlook
The commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 day’s moving average on a daily chart. The momentum indicator Relative Strength Index is at 51.31 which indicates sideways momentum in the prices.
BUSINESS
Gold price surges 4% to Rs 46,610/10 gm this week; check key events, trading strategy for next week
Gold is currently in a consolidation phase which is encouraging bargain hunters and long-term investors to step in and take advantage of low prices as it may soon reverse direction decisively and recover.
BUSINESS
MCX Crude oil falls 1.77% to Rs 4,432/barrel this week; expert suggests buy for a target of Rs 4,500
The momentum indicator Relative Strength Index (RSI) is at 49.50, indicating sideways momentum in prices.
BUSINESS
Silver prices jump 3% for the week to Rs 66,941/kg; check outlook and strategy for next week
The Relative Strength Index (RSI) is at 53.79, which indicates positive momentum in prices.
BUSINESS
mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21
Our helpdesk and toll-free helpdesks were made operational within three days after the lockdown was declared. Being an e-commerce service provider, our customer-facing processes are 100% digital and already available on the Internet.
BUSINESS
MCX Nickel rises 4% for the week to 1,254.50 per kg; outlook bullish for the month
MCX Nickel has formed an Extended Rectangle pattern in the hourly chart and provided the channel breakout and traded above the psychological resistance of Rs 1,200.
BUSINESS
MCX Natural gas futures fall 2.58% to Rs 189.20/mmBtu this week, experts suggest buy-on-dips strategy
The energy commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 days’ moving average on a daily chart for the April contract. The Relative Strength Index (RSI) is at 48.08, which indicates sideways momentum in the prices.
BUSINESS
Crude palm oil futures steady at Rs 1,140 per 10 kg in evening trade
The agricultural commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The Relative Strength Index is at 57.15 which indicates positive momentum in the prices.
BUSINESS
Copper futures slip 0.50% to Rs 692.30 per kg on firm US dollar
The non-ferrous metal has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 60.01 which indicates positive momentum in prices.
