SSE Composite Index up 0.05%, Nikei down 1.2%, Hang Seng up 0.24%. | Nifty and Sensex both ended with marginal losses this week down 1.6%.
(prHWY.com) October 6, 2012 - indore, India -- Market Wrap
Nifty and Sensex both ended with marginal losses this week down 1.6%.
U.S. Unemployment claims came at 383K; Prelim GDP q/q came at 1.9%.
SSE Composite Index up 0.05%, Nikei down 1.2%, Hang Seng up 0.24%.
Delhi High Court has ruled in favour of Indraprastha Gas that IGL can charge Rs 38.58 for every million British thermal unit for transmission of gas against Rs 104.05 that it charges now. Gujarat Gas Company and Gail have gained 16.8% and 2.67%. India's manufacturing sector slipped in May o/p was impacted by slowing domestic order book.
TECHNICAL OUTLOOK
Nifty
Trend: - Consolidate
Resistance: - 4910, 5000
Support: -4780, 4700
Strategy: - Sell on Highs
BANK NIFTY
Trend: - Consolidate
Resistance: - 9450, 970
Support: - 9000, 88
Strategy: - Sell on Highs
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MCX Tips For The Day 16 Jan
Summary: Commodity index re-weightings to mean overall inflows for metals and Oil prices continue to trace macro sentiment despite rising
Body:
The Equicom is a Financial Advisory Company which is specialized in providing tips and tips covering almost all the major segments of the
equity market such as stock tips, stock future tips, option tips & nifty tips. The calls are given on intraday and positional basis. We also provide commodity tips including base metals, precious metals and energies along with agri tips. The Equicom is the leader amongst the share market advisory companies as they focus more on building the customer relations and has emerged as the company holding the most satisfied clients in a very less span of time. The reports generated by the analyst consists of the most essential data as per required for the efficient trading in the stock market.
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Commodity index re-weightings to mean overall inflows for metals.
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Oil prices continue to trace macro sentiment despite rising geopolitical tensions.
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Heavy selling in LME aluminum leaves it vulnerable to short covering rally.
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Base metals may be vulnerable after overdue rally.
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Commodities weaken on significant negative news flow.
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US Natural Gas drops on weather concerns.
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ILZG June data shows stronger-than-expected refined zinc output.
Accurate MCX Tips
THE EQUICOM CALL:
BUY LEAD (JAN.) ABOVE 105.20
TARGET-105.75/106.50/107.50
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A strong resistance breakout can be end of consolidation. And this will be a good level to enter in
the commodity. Follow "Buy on Dips" strategy with our recommended support and resistance
If anyone interested to take services or tips which is generated through our expert research team member and earn profit in such bumpy market you can visit our site [url=http://
www.theequicom.com]
www.theequicom.com and fill the free trial form or call ay our customer care number 09200009266
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