Oil up Fourth Day as Stimulus Hopes Support

Oil prices rose a fourth day on Friday on hopes for more stimulus from the U.S. Federal Reserve after data showed U.S. economic growth slowed in the second quarter as expected.

Dollar-denominated crude futures saw choppy trading as the euro and dollar .DXY also seesawed, buffeted by comments from European leaders. 

The euro hit a three-week high, lifted early after French leader Francois Hollande and his German counterpart, Angela Merkel, said they are determined to do all they can to safeguard the single currency.

SOURCE: http://in.reuters.com/article/2012/07/27/us-markets-oil-idINBRE83H17O20120727

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LME Inventory: 27 July

Copper +400, 


Aluminium +5575, 


Nickel+462, 


Zinc -1275, 


Lead -1775, 


Tin +25 


09200009266,0731-6458808

WORLD MARKET UPDATE:

FTSE +11


CAC +11


DAX +16


DOW FUTURE +47


HANG SENG +392


NIKKEI +123


SGX NIFTY +72


SHANGHAI +3

Agri Tips, NCDEX Tips

BUY PEPPER (AUG.) ABOVE 43700

TG-43800/43950/44150

SL-43550

Traders say, on higher fluctuation in black pepper prices yesterday and today, it is clear that speculative activities are higher in the commodity. There are no relations of fundamentals to this higher speculation. But spot trade is affected badly on this higher up and down. 

CHANA (17 AUG.)

TREND: BEARISH

RES 1: 4650

RES 2: 4725

SUPP 1: 4550

SUPP 2: 4490

STRATEGY: SELL ON HIGHS

SOYABEAN (17 AUG.)

TREND: CONSOLIDATE

RES 1: 4700

RES 2: 4830

SUPP 1: 4525

SUPP 2: 4400

STRATEGY: SELL ON DIPS

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Stock Tips , Equity Tips , SELL UNITED SPIRIT

SELL UNITED SPIRIT BELOW 729 TG-723 SL-736.2

SELL KARNATAKA BANK FUTURES BELOW 92.2 TG-91.7 SL-93.1

RBI should cut rates by 50 bps by December

Sensex opens 250 pts up on global cues; ICICI Bank leads
The RBI is expected to hold its policy interest rate steady at its quarterly review next week, keeping pressure on the government to reduce a ballooning fiscal deficit and take steps to remove bottlenecks that are driving up food prices.

NIFTY SPOT 

TREND-CONSOLIDATE

RESI 1: 5130

RESI 2: 5205

SUPP 1: 5015

SUPP 2: 4935

STRATEGY: SELL ON HIGHS

BANK NIFTY FUTURE 

TREND- CONSOLIDATE

RESI 1: 10250

RESI 2: 10410

SUPP 1: 9950

SUPP 2: 9800

STRATEGY: SELL ON HIGHS

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LME Inventory: 26 July

Copper -1525 , 
Aluminium -5625 , 
Nickel +474 , 
Zinc -2375 , 
Lead -1950 ,
 Tin +75 
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NCDEX Levels and Agri Tips for Today

CHANA  (17 AUG.)

TREND: CONSOLIDATE

RES 1: 4775

RES 2: 4850

SUPP 1: 4675

SUPP 2: 4585

STRATEGY: SELL ON HIGHS

SOYABEAN (17 AUG.)

TREND: CONSOLIDATE

RES 1: 4920

RES 2: 5000

SUPP 1: 4750

SUPP 2: 4660

STRATEGY: BUY ON DIPS

TURMERIC (17 AUG.)

TREND: BULLISH

RES 1: 6650

RES 2: 6800

SUPP 1: 6400

SUPP 2: 6225

STRATEGY: BUY ON DIPS

RMSEED (17 AUG.)

TREND: BULLISH

RES 1: 4525

RES 2: 4600

SUPP 1: 4440

SUPP 2: 4375

STRATEGY: BUY ON DIPS

Desi chana declined further between Rs 25-50 per quintal in major trading centers of Maharashtra, MP, UP and Rajasthan on sluggish physical trade coupled with sharp reduction at close on future exchanges.

Turmeric quoted higher Rs 100-200 per quintal in Nizamabad and Sangli on limit up gains in futures and stockists’ demand. Erode market was closed today.

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