Call Update

MMMFS BASEMETAL: SELL MCX ZINC JULY BELOW 181.90, TGTS 181.40-181.00-180.4 SL 182.50

Money Market Manthan

  US indices hit fresh all time highs as oil prices continue pullback with energy stocks joining the rally. US Dollar hits September lows as bearish bets mount on the currency with bond yields also seeing some weakness.

 

  Asian indices opened in the green for another day with most indices now trading at fresh highs. With US Dollar weakness most ETF flows are gathering further momentum with Asian indices seeing strong inflows into equity markets. Despite overbought conditions the trend seems strongly upwards as liquidity surges to highest levels in 2017.

 

  Nifty hit 9900 before closing marginally lower as profit booking set in late on Friday. For today expect a strong start above 9900 with profit taking again expected in second half as local mutual funds book profit.

 Corporate results will be the key as large cap stocks report earnings this week. For today PSU banks and Gas utilities could see upside while profit booking could emerge in Metals and FMCG counters. 

  Technical view: Nifty finds strong support around 9850 while 9935 will act as resistance on the upside. Bank Nifty finds support around 23750 while 24100 will act as initial resistance on the upside.

 

  Derivative Snippets

  In the last trading session, Nifty took a breather as the index hinted marginal profit booking. Nifty 9800CE witnessed short covering, while 9800PE saw fresh short build-up, indicating a continued upward momentum. 

Bank Nifty 24000CE added fresh long position. 

DIIs were net buyers in cash market segment to the tune of Rs 674 Cr.

FII’s long/short ration stands at 2x.

  Corporate Snippets:

  Britannia is scouting for profitable growth opportunities, especially in the bakery segment, to strengthen its position as a leading food company in the country, according to the company's annual report. (ET)

 

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MORNING TREND UPDATE NEWS BY MONEYMARKETMANTHAN FINANCIAL SERVICES 13 DEC 2016

                 

MCX GOLD FEB
RESISTANCE - 27684, 27746, 27848
SUPPORT    - 27480, 27418, 27316
MCX SILVER MARCH
RESISTANCE - 41765, 41936, 42213
SUPPORT    - 41211, 41040, 40763


MCX LEAD DEC
RESISTANCE - 157.65, 158.35, 159.45
SUPPORT    - 155.45, 154.80, 153.75
MCX ZINC DEC
RESISTANCE - 184.45, 185.35, 186.85
SUPPORT    - 181.55, 180.65, 179.25


MCX CRUDEOIL DEC
RESISTANCE - 3633, 3673, 3738
SUPPORT    - 3503, 3463, 3398
MCX NATURALGAS DEC
RESISTANCE - 246.60, 250.10, 255.60
SUPPORT    - 235.60, 232.20, 226.60

MCX COPPER
RESISTANCE - 394.95, 396.30, 398.30
SUPPORT    - 390.90, 389.60, 387.60
MCX NICKEL DEC
RESISTANCE - 770.40, 773.30, 777.90
SUPPORT    - 761.10, 758.20, 753.50

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COMMODITY MARKET TREND SUPPORT & RESISTANCE 12 Dec 2016

                       

MCX GOLD FEB
RESISTANCE - 27736, 27798, 27898
SUPPORT    - 27536, 27474, 27374
MCX SILVER MARCH
RESISTANCE - 41567, 41699, 41913
SUPPORT    - 41270, 41140, 40795


MCX LEAD DEC
RESISTANCE - 156.45, 157.05, 157.95
SUPPORT    - 154.65, 154.05, 153.15
MCX ZINC DEC
RESISTANCE - 183.65, 184.35, 185.50
SUPPORT    - 181.45, 180.75, 179.60


MCX CRUDEOIL DEC
RESISTANCE - 3486, 3497, 3515
SUPPORT    - 3450, 3439, 3421
MCX NATURALGAS DEC
RESISTANCE - 252.80, 254.60, 257.50
SUPPORT    - 247.10, 245.30, 242.40

MCX COPPER
RESISTANCE - 397.90, 399.10, 400.95
SUPPORT    - 394.20, 393.05, 391.15
MCX NICKEL DEC
RESISTANCE - 774.00, 776.30, 779.90
SUPPORT    - 766.60, 764.40, 760.70

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Commodity Market Trend For Today 9 Dec 2016

                               

MCX GOLD FEB
RESISTANCE - 27874, 27915, 27981
SUPPORT    - 27742, 27701, 27635
MCX SILVER MARCH
RESISTANCE - 41740, 41856, 42044
SUPPORT    - 41364, 41248, 41060


MCX LEAD DEC
RESISTANCE - 156.15, 157.20, 158.85
SUPPORT    - 152.85, 151.85, 150.15
MCX ZINC DEC
RESISTANCE - 187.90, 186.45, 188.85
SUPPORT    - 179.95, 178.45, 175.95


MCX CRUDEOIL DEC
RESISTANCE - 3436, 3456, 3487
SUPPORT    - 3373, 3353, 3321
MCX NATURALGAS DEC
RESISTANCE - 248.90, 251.90, 256.80
SUPPORT    - 239.20, 236.20, 231.40

MCX COPPER
RESISTANCE - 396.80, 398.60, 401.50
SUPPORT    - 390.95, 389.15, 386.25
MCX NICKEL DEC
RESISTANCE - 768.25, 774.50, 784.50
SUPPORT    - 748.10, 741.90, 731.90

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Commodity Market Trend Level Support & Resistance -- 8 Dec 2016

                           

MCX GOLD FEB
RESISTANCE - 27992, 28043, 28124
SUPPORT    - 27830, 27779, 27698
MCX SILVER MARCH
RESISTANCE - 42026, 42296, 42733
SUPPORT    - 41270, 40882, 40445


MCX LEAD DEC
RESISTANCE - 160.15, 161.85, 164.75
SUPPORT    - 154.45, 152.65, 149.85
MCX ZINC DEC
RESISTANCE - 190.50, 192.75, 196.35
SUPPORT    - 183.25, 181.00, 177.35


MCX CRUDEOIL DEC
RESISTANCE - 3462, 3489, 3531
SUPPORT    - 3378, 3351, 3309
MCX NATURALGAS DEC
RESISTANCE - 251.90, 253.50, 256.10
SUPPORT    - 246.80, 245.20, 242.60

MCX COPPER
RESISTANCE - 403.75, 406.95, 412.15
SUPPORT    - 393.30, 390.05, 384.85
MCX NICKEL DEC
RESISTANCE - 787.80, 794.30, 804.70
SUPPORT    - 766.90, 760.40, 749.90

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COMMODITY TREND LEVEL SUPPORT & RESISTANCE -- 6 DEC 2016

                         

MCX GOLD FEB
RESISTANCE - 28159, 28251, 28402
SUPPORT    - 27857, 27765, 27614
MCX SILVER MARCH
RESISTANCE - 41426, 41579, 41828
SUPPORT    - 40928, 40775, 40526


MCX LEAD DEC
RESISTANCE - 158.75, 159.75, 161.30
SUPPORT    - 155.65, 154.65, 153.10
MCX ZINC DEC
RESISTANCE - 188.25, 189.15, 190.65
SUPPORT    - 185.25, 184.25, 182.75


MCX CRUDEOIL DEC
RESISTANCE - 3567, 3589, 3624
SUPPORT    - 3497, 3475, 3440
MCX NATURALGAS DEC
RESISTANCE - 248.40, 251.52, 256.10
SUPPORT    - 239.60, 236.80, 232.30

MCX COPPER
RESISTANCE - 409.05, 411.15, 414.55
SUPPORT    - 402.30, 400.20, 396.85
MCX NICKEL DEC
RESISTANCE - 797.40, 801.00, 806.80
SUPPORT    - 786.00, 782.40, 776.70

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