Technical view will remain positive till the time index stays firm above 7830.

Index

Source: Reliance Securities Ltd Technical Research MARKET SYNOPSIS On Wednesday, NIFTY-50 begun the session on stable note, but after registering high of 7,945 level oscillated in 7,925- 7,940 range till late noon trades in absence of major headlines in the market. Later, due to sharp decline index slipped to 7,890…

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Gold prices are expected to trade lower today

Gold

Source: Angel Commodities Pvt Ltd Bullion Gold Spot gold prices declined by 0.74 percent on Wednesday to close at $1060.7 per ounce as the combination of a firm dollar and weak oil prices left the metal on track for its third consecutive annual loss. Bullion has lost 10 percent of…

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Market Mantra: The Money Daily – December 31, 2015

Market Mantra

Market Mantra   F&O Expiry: Flat opening, hoping for a happy end   As investors wrap up their tasks for the day and year, the market has a choppy F&O expiry to deal with.  Nifty is hovering around the 7900 mark and on the upside major resistance is seen at…

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We expect CPO prices to trade sideways

CPO

Source: Angel Commodities Pvt Ltd Chana Chana futures at NCDEX traded closed lower yesterday as the income tax department raided traders dealing in pulses, especially chana (chickpea), in Delhi and Mumbai on Tuesday. Chana Jan’16 futures closed lower by 3.33 per cent at Rs. 4,739 per quintal. The rates of…

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Market Mantra: The Money Daily – December 30, 2015

Market Mantra

Market Mantra   Play it right! Caution ahead of F&O   As we approach the fag end of the year, the market has been generous in terms of maintaining key levels.  An uneasy calm appears ahead of the F&O expiry even though no storm is likely soon. F&O data suggests…

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Sell Gold @25230 Target 24900

Gold

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Source: Sushil Finance Gold Gold fell on Monday in line with a retreat in oil prices, giving up some of last week’s gains, but moves were range bound in thin liquidity in a holiday-shortened week. *  Gold rose nearly 1 percent during Christmas week, but remains on track to fall…

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Market Mantra: The Money Daily – December 29, 2015

Market Mantra

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Market Mantra   Delight at start! Difficulties may set in for indices later   With just few trading sessions remaining in the current year, the top 20 leading stock index on a global front are set to end CY2015 on a mixed note. 11 out of 20 global stock indices…

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Home truths! How DIIs outpaced FIIs on D-Street in 2015

The biggest story to write home about the domestic equity market from calendar 2015 is the waning clout of foreign portfolio investors (FPIs) and increased muscle power of domestic institutional investors (DIIs). In a year, when FPI investment in domestic equities fell to a little over Rs 16,000 crore, or close…

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Calendar 2016 set to begin with many positives

Calendar 2016

Even before new calendar year dawns, we have some good vibes for the economy and the domestic stock market in the coming year. The first bit is of course on the monsoon front, which is a crucial macro-economic trigger for India. After two years of successive monsoon failures, the new…

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