Tuesday, August 19, 2014

ONGC option tips- 420pe buy 1.9 to 4.5 profit+10,600/-

ONGC option tips

ONGC option tips

ONGC 420 put options 4 lots brought around 1.8-1.9

with stop loss 0.4 for target 6

exited around 4.5 with profit +10,600/- in intraday

this call provided to paid subscribers by sms

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Thursday, August 14, 2014

ktkbank future buy call 119.4 to 121.1 profit+6800/-

ktkbank future  tips

ktkbank future tips

KTKBANK future 2 lots buy call given at 119.4

with stop loss 117 for target 126

exited around 121.1 with profit Rs.+6800/-

same call also given for free on site

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Rupee recovers 17 paise against dollar in early trade

 

Mumbai: The rupee rebounded by 17 paise to 61.04 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks.

Besides, the dollar’s weakness against other currencies overseas and a higher opening in the domestic equity market also supported the rupee, forex dealers said.

The rupee had fell 13 paise to end at 61.21 against the American currency in yesterday’s trade following fresh US dollar demand from importers, amid uptick in retail inflation and slowing industrial production growth.

Meanwhile, the benchmark BSE Sensex rose by 56.03 points, or 0.22 per cent, to 25,974.98 in early trade today.

Global gold demand slumps 16% in Q2

Global gold demand dipped 16% year-on-year (y-o-y) to 963.8 tonnes in the second quarter of 2014, according to the latest World Gold Council report, and remained lower than its five-year average of 1,062.6 tonnes.
 
Jewellery demand was almost a third lower, while bar and coin investment was less than half Q2 2013 levels, the report says. Gold ETFs, on the other hand, saw modest outflow of 39.9 tonnes, which were nearly 90% less than the 402.2 tonnes seen during the corresponding period last year. The net impact on overall investment demand was a modest 4% y-o-y increase.
 
Central banks continued to make net additions to gold reserves, the report co-authored by Louise Street, Krishan Gopaul, Alistair Hewitt and Marcus Grubb suggests, buying 117.8 tonnes in Q2.
 
"The recent quarter saw the US dollar gold price hold within a relatively narrow sideways range with the result that price volatility in the second quarter was well below average levels. This became something of a self-fulfilling cycle as gold investors, lacking strong conviction in their price expectations, held off from buying gold - thereby further contributing to the subdued price environment," the report says.
 
"The second quarter saw a continuation of many of the factors that were in play during Q1: the huge stockpiling of gold that took place in Asian markets during 2013 was still, to some extent, being digested; the election and import restrictions forestalled Indian consumers; bar and coin investors continue to sit on the sidelines; while jewellery consumers in the US and UK were further encouraged by improving economic conditions," it adds.
 
JEWELLERY DEMAND
 
Gold demand for jewellery was 30% lower on an overall basis with Asian and Middle-Eastern countries experiencing double digit declines in demand. Western markets, however, made year-on-year gains with the exception of Italy.
 
In the Indian context, general election in May 2014 saw a restriction in high value purchases and kept demand under check. Investors remained in a wait-and-watch mode to see whether the newly-elected government led by Narendra Modi would relax the import restrictions on the yellow metal.
 
Investors also refrained from making additions to their bar and coin holdings during the quarter. The sideways range that defined the gold price for much of the second quarter also contributed to the subdued environment for demand in this segment as investors globally looked for stronger cues as to its future direction.
 
Among geographies, India and China, according to the report, together accounted for over half of the 56% y-o-y decline in demand seen in this segment. Chinese investment demand declined to its lowest in almost four years, with both commercial banks and jewellers seeing a slump in sales of bars and coins.
 
Investment demand in India continued to be hampered by government policies that banned gold coin imports. As with the jewellery segment, coin and bar purchases were impacted by pre-election restrictions on the free transport of large amounts of cash and assets, as well as by uncertainty over whether the incoming government would loosen import regulations.
 
Going ahead, the progress of the monsoon, which is currently below average levels, will be an important factor in determining whether investment demand recovers back to longer-term average levels towards the end of the year.

short term support for Nifty seen at 7505: CLSA

Laurence Balanco, CLSA says double top resistance provided by the July high coupled with the bearish price/momentum divergence continues to suggest that the Nifty is working through a corrective/consolidating period following the buying climax seen in mid-May. “Key short-term support is seen at 7,505.

 

A break below this level would trigger the short-term bearish implication of the cited topping pattern which supports a downside target of 7,079. Bigger picture we view a correction back to the 6,861-7,263 area as an attractive buying opportunity in anticipation of the long-term uptrend resuming,” he adds. Also read: High interest rates will help in long-run: Raghuram Rajan Andrew Garthwaite, Credit Suisse says, “Our economists' view is that the Fed will raise rates in Q3FY15 versus market view of June 2015.

 

“We think the risk is one of earlier tightening. Don't sell too early, as in the past equities have peaked no earlier than four months prior to the first rate hike and by the time the first rate hike has occurred equities have only corrected by an average of 3 percent from their peak,” he adds. According to him, potential winners are dollar earners, high operational leverage/low financial leverage, cyclicals and retail banks as well as life companies.

Read more at: http://www.moneycontrol.com/news/fii-view/key-short-term-support-for-nifty-seen-at-7505-clsa_1155750.html?utm_source=ref_article

Tuesday, August 12, 2014

Rupee Extends Rally on Strong Equities

 

The rupee is trading at 61.12 after closing at 61.19/20 on Monday.

The pair touched 61.74 on Friday, its highest since March 5.

Asian currencies are trading mixed-to-positive versus the dollar.

The dollar index up 0.08 per cent; sluggish, as focus remains on geopolitical tensions.

The Nifty is up 0.5 per cent, heading for a second consecutive winning session.

Copyright Thomson Reuters 2014

Brent falls towards $104 as output, supplies seen stable despite Iraq tensions

SINGAPORE, Aug 12 (Reuters) - Brent crude oil extended losses for a third straight session, dropping towards $104 a barrel on Tuesday as new political tension on the streets of Baghdad were seen as holding little threat to the OPEC producer's oil output.

Iraq on Monday named Haidar al-Abadi as the new prime minister to end the eight-year rule of Nuri al-Maliki, but Maliki has refused to go and deployed special forces to force a dangerous political showdown in Baghdad.

U.S. President Barack Obama said the naming of Abadi was an important stride for Iraq towards rebuffing Islamic State militants, who have overrun large swathes of northern Iraq.

Maliki said the decision was a "dangerous violation" of the constitution and vowed to "fix the mistake".

Oil markets are not reacting because there has still not been any supply disruptions, said Ankit Pahuja, a commodity strategist with investment bank ANZ .

September Brent crude slipped 20 cents to $104.48 a barrel by 0332 GMT. The contract on Monday fell 34 cents to close at $104.68.

U.S. crude fell 23 cents to $97.85 a barrel.

"In terms of the physical side of things, particularly for Brent, there's pretty high inventories at the Atlantic Basin at the moment and that's holding back gains," said Pahuja.

Iraq is OPEC's second-largest oil producer and signs of disruption to its oil supplies would lift the oil market, as seen in mid-June when violence in the country - as well as in Ukraine and Libya - helped to send Brent above $115 a barrel.

Oil production from Iraqi Kurdistan remains unaffected despite an incursion by Islamic State militants along the autonomous region's border, its Ministry of Natural Resources said in a statement on Saturday.

In July, exports from Iraq's southern oilfields held at near record levels of around 2.5 million barrels per day (bpd), with output unaffected by fighting elsewhere in the country.

Tensions between the West and Russia over Ukraine have also failed to impact oil markets for now.

President Vladimir Putin said on Monday that Russia is sending an aid convoy to eastern Ukraine despite urgent Western warnings against using humanitarian help as a pretext for an invasion.

Ukraine has reported that Russia has massed 45,000 troops on its border, while NATO has said there was a "high probability" Moscow would intervene militarily in the country's east, where Kiev's forces are closing in on pro-Russia separatists.

Egypt, in the meantime, is acting as a mediator for Israeli and Palestinian as negotiators resumed indirect talks on Monday to end the month-old Gaza war, Egypt's state news agency said, after a new 72-hour truce held for a day.

Pahuja said he expects U.S. crude to strengthen on a potential drawdown of stocks.

U.S. commercial crude oil stocks were forecast to have fallen 2.2 million barrels in the week to Aug. 8, a preliminary Reuters survey of six analysts showed on Monday.

Europe set to open slightly lower; geopolitical tensions in focus

CNBC-Europe are set for a slightly lower open on Tuesday as investors weigh geopolitical tensions in Ukraine, Gaza and Iraq.

According to IG, the FTSE is called flat at 6,633, the German Dax is seen off 9 points at 9,172 and the French CAC is seen lower by 7 points at 4,191.

After eking out small gains on Monday, European bourses are set for a fairly steady start to the trading session. On Monday, Russian President Vladimir Putin said his country is coordinating with the International Red Cross to send humanitarian aid to Ukraine. This comes as Ukraine has claimed that 45,000 Russian troops have amassed on its border and Western warnings against using humanitarian help as an excuse for an invasion.

In the Middle East, U.S. President Barack Obama said Iraq made important strides toward rebuffing a militant group on Monday with the designation of a new prime minister and urged the formation of an inclusive government to address the needs of all Iraqis.

Meanwhile, Israel and Hamas agreed on Sunday to an Egyptian proposal for a new 72-hour ceasefire. Reports on Monday said that the ceasefire - which began late on Sunday evening - was holding.

Evan Lucas, a market strategist at spread better IG Markets said that the "goodwill" of humanitarian aid for Ukraine were positive signs and showed that the tensions of the past month are subsiding. "Iraq is also seeing the political stalemate that has crippled the country due to political infighting coming to a head, as the U.S. talks a long-game with strategic strikes," he said in a morning note.

On the data front, the widely watched ZEW current conditions survey for Germany will be released at 10:00 a.m. London time which helps gauge business sentiment in the euro zone's largest economy. A final reading of July inflation data for Italy is due at 9:00 a.m. London time. French current account data for June will be released at 7:45 a.m. London time.

In corporate releases, the U.K.'s Prudential, Germany's Henkel and Austrian oil and gas company OMV all update with new figures on Tuesday.

In Asia, most bourses posted gains for the second straight session on Tuesday as geopolitical tensions eased, with Chinese and Indian shares failing to track Asia-wide gains. In the U.S. stocks on Wall Street posted gains for the second straight session on Monday with light trading volumes.

Monday, August 11, 2014

Rupee opens higher at 61.08 per dollar

livemint - Mumbai: The Indian rupee on Monday strengthened in the opening trade against the dollar, tracking gains from the Asian currencies market. The local unit opened at 61.08 per dollar. At 9.10am, the home currency was trading at 61.07, up 0.13% from previous close of 61.15, while India’s equity benchmark Sensex index was trading at 25,476.87 points on BSE, up 0.58%.

 

The government will issue Consumer Price Index (CPI)-based inflation data for July and Index of Industrial Production (IIP) data for June after 5.30pm on Tuesday. The government will issue Wholesale Price Index (WPI)-based inflation data for the month of July after 12pm on Tuesday. Bloomberg estimates that CPI will be 7.40% for July as compared with 7.31% in June while IIP will be 5.5% for Jun as compared with 4.7% in May. Bloomberg estimates for WPI will be 5.1% for July as compared with 5.43% in June. Most of the Asian currencies were trading higher.

 

The Indonesian rupiah was trading up 0.68%, South Korean won was up 0.56%, Philippines peso rose 0.55%, Malaysian ringgit jumped 0.28%, Singapore dollar soared 0.23% and Taiwan dollar up 0.14%. The yield on India’s 10-year benchmark bond was trading at 8.641%, compared with its Friday’s close of 8.634%. Bond yields and prices move in opposite directions.

 

Since the beginning of this year, the rupee has gained 1.2%, while foreign institutional investors have bought $12.12 billion from local equity markets. The dollar index, which measures the US currency’s strength against major currencies, was trading at 81.445, up 0.07% from the previous close of 81.389.

Gold Extends Drop From 3-Week High as Mideast Tensions Assessed

bloomberg - Gold extended declines from a three-week high as investors weighed tensions in the Middle East and Ukraine, while assets in the biggest exchange-traded product capped the largest weekly contraction in three months.

Gold for immediate delivery fell as much as 0.3 percent to $1,305.28 an ounce, and traded at $1,306.65 at 11:39 a.m. in Singapore, according to Bloomberg generic pricing. The metal rose on Aug. 8 to $1,322.76, the highest since July 18, as U.S. President Barack Obama authorized air strikes in Iraq, then erased gains to end 0.2 percent lower as U.S. equities rallied.

Bullion climbed 1.2 percent last week, snapping three weeks of losses that was the longest such run since September, as unrest escalated in the Middle East and Ukraine. Israel and Gaza Strip militants began to observe another Egypt-brokered truce, while Ukraine’s military dismissed pro-Russian rebels’ offer of a cease-fire and demanded that they surrender.

“While it appears as though concerns are fading, as long as geopolitical risks still exist in the background, gold will continue to be supported,” said Zhu Siquan, an analyst at GF Futures Co. from Guangzhou, China. “We’ll get some buying on headlines but we’re not going to see large investor interest, as evidenced by the SPDR outflows.”

Holdings in the SPDR Gold Trust fell 0.2 percent to 795.86 metric tons on Aug. 8. For the week, the holdings contracted 0.8 percent, the most since the period to May 2, and dropped below the level at which they ended last year.

Gold for December delivery declined as much as 0.4 percent $1,306.40 an ounce on the Comex in New York, before trading at $1,307.80.

Silver for immediate delivery traded at $19.8841 an ounce from $19.8951. Spot platinum lost 0.1 percent to $1,473.25 an ounce, while palladium was little changed at $860.55 an ounce.

Asian stocks up on China inflation, Japan rebound

BEIJING (AP) — Asia rose Monday as subdued Chinese inflation, a rebound by Japanese markets and the latest easing of tensions over Ukraine helped offset unease about Iraq.

KEEPING SCORE: Tokyo's benchmark Nikkei 225 jumped 2.2 percent to 15,107.45, rebounding from last week's 5 percent tumble. China's Shanghai Composite rose 1 percent to 2,215.35 and Hong Kong's Hang Seng added 1.1 percent to 24,599.51. Seoul added 0.7 percent to 2,044.97 and Sydney's S&P/ASX 200 rose 0.6 percent to 5,467.70.

CHINESE INFLATION: China's consumer in July stayed at 2.3 percent, well below the official target for the year of 3.5 percent. That gives the central bank room to ease access to credit if needed to shore up economic growth, which was 7.5 percent in the latest quarter. That would lower the cost of financing for stock trading, helping to support markets. report.

JAPAN'S REBOUND: Japanese stocks rose as investors hunted bargains following the Nikkei's 5 percent slide last week.

GEOPOLITICS: After taking a jab at the West with last week's ban on food imports, Russia called an end to military exercises near Ukraine and withdrew troops to their bases. Fighting raged in the city of Donetsk as government forces closed in on the rebel stronghold and insurgents backed away from a cease-fire offer. In Iraq, U.S. warplanes attacked Islamic State militants near the northern city of Irbil, capital of the Kurdish region. The attacks are aimed at limiting the militants' advances and keeping them away from oil fields.

THE QUOTE: "Overall, we saw a return of risk appetite with flows returning to equities while safe havens like the yen, gold and treasuries slid," said Desmond Chua of CMC Markets in a report.

ENERGY: Benchmark U.S. crude oil for September delivery rose 39 cents to $98.04 in electronic trading on the New York Mercantile Exchange, boosted by unease about possible disruptions to supplies from Iraq and Russia. The contract rose 31 cents to settle at $97.65 in the previous session.

CURRENCIES: The dollar rose to 102.15 yen from the previous session's 102.05 yen. The eur declined to $1.3402 from $1.3411.

IDFC future tips-buy call 145.5 to 148.1 profit+10,400/-

IDFC future tips

IDFC future tips

IDFC future 2 lots buy call given at 145.5

with stop loss 143 for target 154

exited at 148.1 with profit +10,400/-

this call was provided to paid subscribers by sms

for stock future tips by sms subscribers us !!

Wednesday, August 6, 2014

Rupee falls to near 5-month low

Reuters Market Eye - The rupee fell to 61.33/34 after hitting 61.41, its lowest since March 14 and weaker than its 60.8450/8550 close on Tuesday.

Good dollar buying was seen from foreign banks likely on behalf of clients looking to exit their equity and debt investments in India.

The Nifty was down 0.2 percent and will be watched for cues on fund flows.

The pair is seen moving in 61.10 to 61.40 range during the rest of the session.

Most Asian currencies were also trading weaker compared with the dollar.

Gold Rises Toward $1,300 as Ukraine Weighed With Dollar Strength

bloomberg-Gold climbed toward $1,300 an ounce as investors weighed haven demand from worsening tension between Ukraine and Russia against the dollar’s strength on signs the U.S. recovery is gaining momentum. Silver rebounded.

Gold for immediate delivery gained as much as 0.3 percent to $1,292.26 an ounce, and traded at $1,291.92 at 2:23 p.m. in Singapore, according to Bloomberg generic pricing. Silver increased 0.5 percent to $19.877 an ounce, reversing after a drop to $19.74, the lowest level since June 18.

Gold advanced this year, partly as unrest in Ukraine and the Middle East boosted haven demand. Poland yesterday flagged a possible invasion of Ukraine after a renewed buildup of Russian troops on the border, sending Asian equities lower. The dollar held near nine-month high against the euro as data yesterday showed factory and service gains in the world’s largest economy.

Gold “is caught between an improving U.S. economy and tension in Ukraine,” said Huang Wei, a Shanghai-based analyst at Huatai Great Wall Futures Co. “We remain cautious as the Fed maintains its path to end asset purchases.”

Bullion ended a 12-year rally in 2013 on speculation the Federal Reserve would end monthly bond-buying used to fuel growth. Fed Bank of Dallas President Richard Fisher yesterday said that fellow policy makers are becoming more hawkish. In June, Fed officials forecast they would raise the federal funds rate above zero sometime next year, without specifying a month.

Gold for December delivery advanced 0.6 percent to $1,292.50 an ounce on the Comex in New York. Holdings in the SPDR Gold Trust, the largest bullion-backed exchange-traded product, were unchanged at 800.05 metric tons yesterday.

Platinum for immediate delivery traded at $1,456.47 an ounce from $1,457.44 yesterday, when prices dropped for a second day. Spot palladium increased 0.4 percent to $849.34 an ounce, halting a four-day losing streak.

Sensex falls 37 points in morning trade on profit-booking

jagran-The 30-share barometer, which had gained 427.17 points in the previous two sessions, moved down by 37.45 points, or 0.14 percent, to 25,870.56, led by weakness in banking, auto, oil and gas, capital goods and PSU sector stocks.

Similarly, the National Stock Exchange index Nifty fell 20.45 points, or 0.26 percent, to 7,726.10.

Brokers said besides profit-booking by speculators after recent gains, a weak trend at other Asian markets after a sharp fall in US markets, influenced the sentiments here.

Among other Asian bourses, Japan's Nikkei was trading one percent lower, while Hong Kong's Hang Seng shed 0.36 percent in morning trade on Wednesday.

US dow jones industrial average ended 0.84 percent lower in Tuesday's trade.

mcx gold intraday tips-buy call 28215 to 28325 profit+11,000/lot

mcx gold intraday tips

mcx gold intraday tips

MCX gold future brought at 28215

with stop loss 28000 for target 28600

booked around 28325 with profit +11,000/lot

same call also given for free on site.

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