Gold has penetrated a descending triangle support and might test 42200-42100. Immediate resistance at 42900 and strong resistance at 43100
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Ravikanth Chopperla: 12+ years of experience in financial markets. Certified Professional in
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NISM- Investment Advisor (Level 1 & 2) |
NISM- Equity Derivatives |
NISM- Currency Derivatives |
NISM- MF Distributors Certification |
NISM- Retirement Advisor Certification I
AAFM- Chartered Financial Goal Planner |
CAN SLIM Method of Investing
Krishna Venkat : 8+ years of experience in financial markets. Certified Professional in
NCFM- Commodities Market Module
NISM- Equity Derivatives |
NISM- Research Analyst |
NISM- Currency Derivatives |
NISM-Securities Operations & Risk Management |
NISM- MF Distributors Certification |
CAN SLIM Method of Investing
Can add around 10-15 rupees and small quantities for long term holding ( Moderate risk takers)
Focus on top 15 nifty stocks and sector specific.
Overall metal sector is weak due to poor global demand.
Avoid this company if you are expecting decent returns in the short term. High risky stock.
Less chances
@ravikanthchopperla • Reputation: 13,654
March Auto sales at 2179 units versus poll of 5500 units
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@ravikanthchopperla • Reputation: 13,654
March Auto sales at 83792 units vs poll of 95000 units
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@ravikanthchopperla • Reputation: 13,654
MCX Crude also has registered a double/identical bottom support near 1580 and also has formed a kind of bullish island (assumption: we are ignoring the spike seen yesterday till 1800). Confirmation will be above 1680 and the immediate profit objective of the bulls would be the i...
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Hindustan Unilever, Tata consumer, Icici bank, Asian paints
Can take time to bounce back
Can sell and invest in other fundamentally strong companies if you're conservative investor.
Avoid housing finance companies at the moment.
BUY MCX NICKEL APR ABOVE 866.50 TP : 873.50 SL 861.5
@ravikanthchopperla • Reputation: 13,654
*Base Metals Update*
Most base metals on LME trade sideways to higher led by more than 1.5% gains in Copper prices. Lending support to the prices is gains in global equity markets along with upbeat factory activity data from China. The upside however remains capped amid demand wo...
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@ravikanthchopperla • Reputation: 13,654
*Bullion Market Update*
COMEX gold trades moderately lower near $1635/oz weighed down by gains in US dollar index, upbeat Chinese economic data and marginal ETF inflows. Price came under pressure also as Russian central bank said it will not purchase gold starting next month.
COM...
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@ravikanthchopperla • Reputation: 13,654
*Energy Market Update*
NYMEX crude has rallied over 6% to trade near $21.3/bbl. Crude oil has benefitted from upbeat Chinese manufacturing PMI data, US-Russia agreement to discuss oil markets and request by two Texas producers to cut production. China’s official manufacturing PMI...
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Looking weak at the moment.
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