BANK NIFTY TIPS

BANK NIFTY 1ST TARGET ACHIEVED

Erode: Turmeric Trading Unchanged in Physical Market

Erode: Turmeric Trading Unchanged in Physical Market

At Erode market , Turmeric Finger is trading at Rs. 7600-7900 per quintal, unchanged as compared to previous close. Arrivals were reported at 4000 quintals, lower by 6000 quintals as against previous day. Turmeric Gattah is offered at Rs. 7300-7600 per quintal, steady against previous close. Turmeric Sellem at Erode market is quoted at Rs. 7800-8300 per quintal, steady as against previous close. Turmeric in Erode Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Erode Turmeric Finger 7600-7900 0 Erode Turmeric Gattah 7300-7600 0 Erode Turmeric Sellem 7800-8300 0 nnbsp;

BANK NIFTY TIPS

SELL BANK NIFTY@19530 STOP LOSS 19680 TARGET 19430/19300/19130

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India Industrial Output - Dec Up 1.7% On Yr

 India Industrial Output - Dec Up 1.7% On Yr

 

   MUMBAI : India's Index of Industrial Production with year-on-year and month-on-month change in percent for the base year

2004-05=100

 

  Next update of IIP Index for Jan 2015 will be on Mar 12.

 

  Note: The IIP indices and growth rates have been recompiled from Apr 2008 using Wholesale Price Index new series with base 2004-05 for the IIP items reported in value terms.

 

(Source: Central Statistical Organisation; Press Information Bureau.)

      

* quick estimates

# first revision

@ Second (final) revision will be carried in Mar 2014.

Indices for the months of Sep'2014 and Nov'2014 incorporate updated production data.

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Gold Outlook: May extend gain Mon on weak dollar, weak US data

Gold Outlook: May extend gain Mon on weak dollar, weak US data

 

   MUMBAI, FEB 16 (TickerNews Service): Gold may extend gain for a second straight trading session Monday after dollar weakened against the other currencies and on weak economic data from United States, the world's biggest economy, said analysts.

  "Gold will rise on weak dollar after US consumer sentiments unexpectedly fell in February," said Ajay Kumar Kedia an analyst with Kedia Commodities.

  Prices of the bullion will be supported as weak dollar globally boosts investors' appetite for the dollar denominated commodities, said analysts.

  At 9:35AM dollar index, which measures the strength of greenback against its six major trading partners, dropped 0.29% to 93.94.

  Prices of the bullion will also be up after US consumer sentiments data fell unexpectedly in February from 11-year high amid worries over slowing economic growth of the country, increasing safe haven appeal for the yellow metal, said analysts.

  US Reuters/Michigan consumer sentiment index eased to 93.6 in February compared to analysts expectation of 98.1 and 98.1 a month ago, government data showed.

  Gold price will also be supported by safe haven appeal as investors are caution ahead of Greece's talks, over its debt and austerity measures that due to resume on Monday as the latest Euro-zone meeting ended with no agreement, said analysts.

  On Sunday, Greece said that it was confident of reaching agreement in negotiations with its euro zone partners but reiterated it would not accept harsh austerity strings in any debt pact.

   On Friday, gold for April delivery at the close of trades rose 0.64% to Rs 26,691 per 10 grams on the Multi-Commodity Exchange (MCX).

  Gold prices rose 0.46% to $ 1,232.70 per ounce on the Comex exchange.

  Gold prices are likely to find support at Rs 26,559-26,662 per 10 grams while resistance is seen at Rs 26,761-26,824 per 10 grams today, said Ramesh Chenchala, technical analysts with Karvy Comtrade.

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