CRUDOILUPDATES

SELL CRUDE GIVEN 4800 HIT 4680 MINITED 120000RS IN HOURS ONLY BLUKY TARDRES CONATCT US 8125429648

GOLD UPDATES

POSTIONAL BUY GOLD 31500-31300 SL 31200 TARGET OPEN

COPPER UPDATES

COPPER WEEKLY SUPP 407 AND RES 420.

SILVERUPDATES

SILVER SUPP 52600-53900 THIS IS A TARDING RANGE FOR A DAY .

GOLDUPDATES

GOLD SUPP 29700 RES 30100 TRDES IN THIS RANGE 

CRUDE UPDATES

CRUDE SOLDING @93$ NOW TRADING DOWN NEAR 2ND TARGET 88$  ENJOYYY 

SILVERUPDATES

 Silver opens maginally higher +500& in mcx ithas strong resistance@59000rs

MAREKTS VIEWS

*COMEX GOLD above $1635;
SILVER above $30.55
Bullish Tone Closing Levels


*USD INR Technical View: Bullish above $54.70 level will continue up trade

*DOW JONES: strong up move will continue trade above 12400 levels

NYMEX UPDATE

Energy and Precious Metals Summary
Commodity	O	H	L	C	Chg	52W High	52W Low
Crude Oil	78.46	85.34	78.28	84.89	+8.48%	112.50	77.28
Natural Gas	2.761	2.826	2.716	2.823	+3.58%	5.453	2.089
Heating Oil	2.5630	2.7172	2.5601	2.7029	+5.76%	3.3357	2.5065
Gasoline RBOB	2.4873	2.6420	2.4785	2.6278	+5.73%	3.1828	2.2264
Gold	1551.8	1607.8	1551.3	1600.7	+3.1%	1937.6	1495.0
Silver	26.325	27.915	26.265	27.510	+4.43%	44.611	26.114
Copper	3.3430	3.5150	3.3300	3.4985	+4.77%	4.5930	3.0285
Platinum	1391.0	1453.4	1385.4	1452.2	+4.3%	1935.0	1358.9

GOLD UPDATE

GOLD: Though hesitating, GOLD remains biased to the downside as long as it continues to trade and hold below its declining trendline currently seen at 1627.47. This development should eventually see the commodity return to the 1,557.30 level, its Jun 08’2012 low where a break will drive it further lower towards its key support located at the 1,527 level. A cut through here will resume its broader medium term weakness and then pave the way for further declines towards the 1,500.00 level. Price hesitation could occur here but if that level gives way, expect Gold to decline further towards 1,478.05 level. Its weekly RSI is bearish and pointing lower supporting this view. The alternative view will be for the commodity to return above the 1,632.85 level thus opening the door for more upside towards the 1,670.70 level. Further out, resistance stands at the 1,700 level. All in all, GOLD continues to hold on to its broader medium term downside as it looks to resume that trend.

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TODAY SUSCBRIES MINTED GOOD MONEY WHEN YOU START MINTT MONEY THIS WAY 2 MINT THE MONEY.

BULLION UPDATE

GOLD NOW STRONG SUPPORT ARD 1530$
AND SILVER STRONG SUPP ARD 26$.

GOLD UPDATE

GOLD IMM RES ARD 1590$ AND IMM SUPP ARD 1555$

CRUDEOIL

CRUDE STRONG RESTIANCE ARD 81$ AND INMCX ARD 4650  MORE WE WILL UPDATE TO OUR MEMBERS

LEAD

SELL LEAD 100 SL 101.5 TARGET 98

STOCK TIPS

BUY ABAN@350,BUY GEOMETRIC@72,BUY HAVELS ABVE 565,BUY JSW STEEL ABVE 657,BUY JINDAL STL ABVE 430,BUY UNITED BREW@510,BUY HARISONS MALYLAM@68

SOYAOIL TIPS

SELL SOYAOIL BELOW 768

SILVER TIPS

SILVER IMM SUPP AT 27.2$ AND RES AT 29$  IN MCX AUPP ARD 52800 RES ARD 54200

EUROPE UPDATE

Cyprus to ask for European Union bailout

 intends to apply for financial assistance.

It has told the authorities that it needs help to shore up its banks, which are heavily exposed to the Greek economy.
In a short statement, the government said the help would contain the risks to the Cypriot economy.
Earlier, Cyprus's credit rating was cut to junk status by Fitch, making it very hard for it to raise funds itself.
There was no further detail from the Cyprus government, but the ratings agency Fitch said the country would need 4bn euros (£3.2bn) to support its banks, the equivalent of almost a quarter of its GDP, or economic output, last year.

CRUDEOIL

CRUDE STRONG SUPPORT ARD 4480 WAIT FOR FRESH UPDATE HERE

NIFTY

NIFTY SUSTIAN ABV 5200 CAN TEST 5230-60

ALRET

ALRET INR STRONG BY .60 PAISE AS EXPECTED RBI WILL CRUB THE INR NOWSTRONG SUPP ARD 55.88

MCX TIPS

GOLD TARDING AT 1574$ SILVER 26.85$ MARKETS EXPECTS RBI TO CRUB INR TO ARD 54 LEVLS IF THIS HAPPENS THEN YES BULLIONS WILL GET WEAK GOLD SUPP ARD 29900 RES AT 30100 SILVER SUPP 52500 RES 53400

NIFTY TIPS

LAST CLOSE @ 5151

SUPPORT EXISTS AT 5120 AND STRONG HURDLE AT 5190 -5200 IF THIS LEVEL NOT BREAKS WE WILL SEE PANIC ONLY 5200 ABV SUSTAIN FOR 15-20 MINUTES MARKETS ARE GUD OTHERWISE WEAK.

NATURALGAS

NATURALGAS STRONG RESISTANCE ARD 150-152 WAIT FOR FRESH UPDATES

TUREMIC

TUREMIC LOOKS ABV 3900 GUD CAN TEST 4000-4022  AND STRONG HURDLE AT 4066

GOLD

GOLD SOILD SUPPORT AREA AROUND 1556$

YES AS EXPECTED MADE FALL FROM 1622$  WAIT FFOR FRESH UPDATES

GOLD

GOLD SELL ADVISED TO BELOW 1590$ NOW SEE FREEE FALL 1570$ CMP THIS WAY TO MINT MONEY

GOLD

GOLD WEAK BELOW 1595$ AS WE SAID YESTERDAY NOW CAN TEST 1578-1558$
 MORE WE WILL UPDATE HERE

COPPER

COPPER WEAK BELOW CMP IS 419 LOOKS WEAK ONLY BELOW 417 IN WEEKLY WEAK BELOW 420 MORE WE WILL UPDATE OUR SUSCRBIERS

 NICKEL RESISTANCE IS 964 ONLY SUSTAIN ABV FIRESSS OTHERWISE WEAK

NATURAL GAS

The natural gas markets fell during the session on Friday as the massive up move on Thursday prompted traders to take profits during the session. The $2.60 level was the first level that we suggested there could be serious resistance, and it does appear that the level has started to work against the price of this market. The candle for the session is a bit of a doji, and as a result we think a break to the bottom would be a big enough signal to sell this down trending market. On a break higher, we are looking for weak candles near the $2.80 and $3 levels.

RBI INTREST RATE DESCION TOMOOROW

RESERVE BANK OF INDIA WILL DECIDE WHETER TO CUT INTREST RATE DESCSION

  

LAST CHANGE WAS APRIL 17  CUTTED FORM 8.5% TO 8% NOW MARKET EXPCETS  7.75% SO CUT OF 25BPS ACTUAL DESCISON WAS TOOMOROW ARD 11AM.  

WHAT IS MONETARY POLICY ? 

Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. Changing them influences economic growth,inflation, exchange rates and unemployment.
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.