Trend is intact but mild pause can be expected before the reiteration of upmove.
The support levels for the coming days exist in the 11,829- 11,791 range and on an upside 12,099 and 12,140 will act as an important resistance level.
We expect MCX Silver prices to remain supportive around Rs 46,500 per kg.
At current juncture, we advise traders to remain stock specific and play the small trading range with support of 11,900 levels
MCX gold has reached an uncharted territory since it is hitting all-time highs every day for last two days
The monetary policy of India is very accommodative and supporting during the slowdown, it is very positive for financial sector.
Gold prices have further sought support from surge in investor interest as is evident from rise in gold ETF holdings.
All eyes would be on the 12,300 strike which had so far seen a reluctance in shedding negative bets.
Short-covering in oil should drive prices higher if Russia also announces output cuts, but gains will be limited since the cuts will not be enough to overcome the demand decline.
We are cautiously bullish in natural fiber for medium term unless situation of coronavirus spread doesn't get too ugly.
Unless there are clear signs that the outbreak has been contained or a treatment found, gold and other safe-haven assets may remain supported.
Weekly chart indicating that medium-term trend is sideways but bulls are having a firm grip as prices are trading above all short-term and medium-term moving averages.
Modified Put Butterfly is a strategy where 1 lot of Put close to current underlying level is bought against that 2 lots of lower strike Puts are sold and 1 more lot of Put is bought but closer to the Put sold strike
FOMC and EBC minute will be out next week hence traders might take cues from the same for further confirmation.
VIX has been hovering near to 14 zones and suggests a limited move in the market.
The exaggeration of bulls has placed the stock in a highly overbought zone and trading quite far from its short term moving averages
The index is moving in a Higher Top and Higher Bottom formation on the weekly chart, indicating sustained up trend
Core inflation is up to 4.2% indicating a prolonged pause in the interest rate cut by the RBI. Being much above the target, this will also impact rate-sensitive stocks in the short-term.
For countries having large trade relations with China, the coronavirus outbreak could have an adverse impact on their economy.
Any significant change in Premium without any significant change in underlying price and time to expiry can now be attributed to change in Implied Volatility.
RSI calculates strength of stock trend and helps to predict their reversals.
An appropriate balance must be achieved with regards to fee regulation so that the educational institutions are not able to indulge in profiteering.
Year 2020 is likely to be favorable year yet again in terms of inflows in the Indian equity markets.
There is an unusual interest at 12,000 Puts and a break beyond 11,800-12,300 should force a change in IVs as well as maximum pain which has been hovering around 12,100.
US gas price has fallen over 18 percent since the start of the year reflecting the weaker sentiment.