Gold prices is likely to come back around USD 1320 per ounce. Once this level breaks then one can expect further downside, says Ashok Mittal of Emkay Commodities.
Ashok Mittal, CEO of Emkay Commodities believes bullion, base metals and energy products remain under pressure. He recommends selling them on any rally.
Ashok Mittal, CEO of Emkay Commodities advocates buy on gold and silver on dips.
In an interview to CNBC-TV18, Ashok Mittal, CEO of Emkay Commodities talked about the commodity market. As gold and silver are both up and even crude has started quite substantially, Mittal says, the bullishness or firmness in gold and silver both should continue for some more time.
Emkay Commodity Research has come out with its report on Soybean. The research firm says NCDEX Soybean Dec '12, prices moved up by 18.5 rupees and finally settled at Rs 3342 levels. Resistance is at Rs 3365 level, violation of this level then price could extend to Rs 3389 levels, support is at Rs 3317 level.
Ashok Mittal, CEO of Emkay Commodities spoke to CNBC-TV18 about his views on the commodity markets.
Ashok Mittal of Emkay Commodities is expecting to see some correction in gold.
Emkay Commodity Research has come out with its report on soybean. According to the research firm, soybean Oct‘12, futures prices corrected significantly to close at Rs 3840 levels. Resistance is around to Rs 3898 levels breach of this it could extend to Rs 3941 levels.
Emkay Commodities Research has come out with its report on USDINR, EURINR, GBPINR, JYPINR, EURUSD, GBPUSD and USDJYP. According to the research firm USDINR spot has resistance near 55.90/56.
Gold has been doing well over the last few sessions. In an interview to CNBC-TV18, Ashok Mittal, chief executive officer of Emkay Commodities says there is a good breakout in gold. "Gold is well above USD 1,670-1,680 per ounce range. We expect that gold should go to about USD 1,710-1,720 per ounce in the international market," he adds.
Emkay Commodities has come out with its report on soybean. According to research firm resistance is seen in soybean at Rs 4051 levels breach of this level then it can test Rs 4132. Support is at Rs 3971, breach of this level, then it could correct to Rs 3931 levels. Market is making whipsaw movement. So wait for more clarity to take position.
Ashok Mittal of Emkay Commodities spoke to CNBC-TV18 about his views on commodity market.
Ashok Mittal, CEO of Emkay Commodities spoke to CNBC-TV18 about his views on the commodity space.
Ashok Mittal, CEO, Emkay Commodities, says that the rupee is also depreciating, so the upside momentum in the Indian market may be slightly better.
Crude prices have been going down, while gold is rising on Euro zone crisis. Naveen Mathur, associate director- commodities & currencies at Angel Broking expects some bounce back in crude prices. According to Ashok Mittal, chief executive officer of Emkay Commodities, gold still has an upside.
In an interview to CNBC-TV18, Ashok Mittal, chief executive officer of Emkay Commodities and Naveen Mathur, associate director, commodities & currencies of Angel Broking speak about various commodities and give their outlook going forward.
Ashok Mittal, chief executive officer, Emkay Commodities believes that gold has entered a correction phase and expects the yellow metal to test 1,400 or USD 1,450 per ounce in the international market.
Gold has been volatile over the last couple of days. In an interview to CNBC-TV18, Ashok Mittal of Emkay Commodities said, festival season, rupee depreciation and global turmoil will be positive for gold. “So, buying is advisable, even for medium-term.”