Nifty Futures :: Analysis

December, 2, 2011 (03:00pm) :-  Nifty Futures up by ( 1.57%) on the strong global crisis.
Steps look by USA, Chinese, & European central banks are praised by every investors.
Bharat Petroleum up by (7.12%) on the strong crude oil cues in Nynex.
Nifty looks a strong support at 4930 & up 100 points on the strong European opening FTSE trading at 5564 up by 75 points, DAX and CAC trading at 3180 up by 50 points.
Nifty futures have strong support levels at 4930 & then 4850 & resistance at 5140 & then 530.0 levels.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

Correction In Bullion

November, 30, 2011 ( 04 :30pm ) :- Gold looking down due to the settlement period on 4 Dec 2011 % major is the demand looking very low.
Indian wedding season going to be end at 10 December 2011 till 12 January 2011. The demand of jewelers to be declaimed little bit demand owners from USA & Europe on the Christmas season.
Silver also looking down due to the unexpected GDP decreases from their high's. Industrial & manufacturing still showing  reassign marks.
Imports also going down from BRIC countries.
We are looking more down side in Bullion.

Technical Coverage On Gold & Silver

November, 29, 2011 ( 03:30pm ) :-  Gold looking week due to the settlement provide in MCX.
Today, Gold trading near their 100 day moving average of Rs 28,600 still above Rs 28,600 gold trend supportive for upside.
Silver was also trend looking weak due to the settlement period in MCX. Silver looking down under RS 56,500 for a target Rs 54,600 - 53,200 in next few days.
Today Gold & Silver technical charts showing weakness by which we are expecting Gold may be drops to Rs 28,500 - 28,340.
USA consumer confidence data's are releasing today & strong expectation of huge recovery in data's which are directly pressurize Silver & Gold in the downside levels.
So, Let's see the data tonight.

Strong Recovery In Indian Markets

November 28, 2011 ( 02:00pm) :-  Today, Nifty & Sensex open 1% up in morning session due to the latest new updates come from European next meeting for providing the financial aid to the Italy & other nations.
Silver & Gold also opens higher on the optimum created on whole Europe on Sunday rumors of financial aid provided by IMF to the Italy.
Big  Investors still buying the Gold from the spot market for a safe heaven of their Investment.
Stock markets also corrected 10% from past 1 month due to the investors still getting down grading reports from Moody's for Japan & other European countries.
Over all Gold & Silver is totally technically bullish Rs 28,200 in Gold & Rs 55,400 In Silver.

Nickel Inventory Levels Increases

November, 25, 2011 (01:40pm) :-  After 17 November, we inventory level of Nickel continue on rise due to lack of demand & the Chinese slow down due to the high inflection rate.
Surge in the inventory level providing downside slope in the technical charts in nickel.
Inventory levels recovered from the low of 83,320 tone to 86,286 tone in hand on market exchange.
MCX Nickel monthly future settlement next week. The prices of Nickel looking Continuously week or may be range of 870 - 940.
New demand occurs after the Christmas.
We expects that Nickel prices could be in of Rs 800 - Rs 1040 levels hill Feb. 2012 expiry.