MCX LEVEL

MCX INDIA

GOLD PCP 17754
TREND-WEAK
R1 18026, R2 18298, R3 18443
MIDLEVEL 17945
S1 17609, S2 17464, S3 17192
ABOVE 17950 STRONG

SILVER PCP 28458
TREND-WEAK
R1 28940, R2 29423, R3 29696
MIDLEVEL 28771
S1 28184, S2 27911, S3 27428
ABOVE 28870 STRONG

CRUDE PCP 3624
TREND-WEAK
R1 3691, R2 3759, R3 3799
MIDLEVEL 3664
S1 3583, S2 3543, S3 3475
ABOVE 3680 STRONG

N GAS PCP 217.10
TREND-STRONG
R1 218.60, R2 220.10, R3 221.30
MIDLEVEL 217.55
S1 215.90, S2 214.70, S3 213.20
BELOW 215 WEAK

COPPER PCP 331.40
TREND-WEAK
R1 333.90, R2 336.35, R3 339
MIDLEVEL 331.10
S1 328.70, S2 326.05, S3 323.60
ABOVE 334 STRONG

NICKEL PCP 958
TREND-WEAK
R1 974, R2 989, R3 1002
MIDLEVEL 962
S1 945, S2 932, S3 917
ABOVE 972 STRONG

ZINC PCP 88.50
TREND-WEAK
R1 90.00, R2 91.50, R3 92.60
MIDLEVEL 89.05
S1 87.40, S2 86.30, S3 84.80
ABOVE 90.00 STRONG

MCX INDIA

MCX TIPS

GOLD PCP 18144
TREND-WEAK
R1 18241, R2 18338, R3 18402
MIDLEVEL 18194
S1 18080, S2 18016, S3 17919
ABOVE 18250 STRONG

SILVER PCP 29169
TREND-STRONG
R1 29279, R2 29390, R3 29554
MIDLEVEL 29088
S1 29004, S2 28840, S3 28729
BELOW 28950 WEAK

CRUDE PCP 3707
TREND-STRONG
R1 3733, R2 3759, R3 3790
MIDLEVEL 3700
S1 3676, S2 3645, S3 3619
BELOW 3670 WEAK

N GAS PCP 216.40
TREND-STRONG
R1 218.40, R2 220.50, R3 223.60
MIDLEVEL 214.70
S1 213.20, S2 210.10, S3 208.05
BELOW 212 WEAK

COPPER PCP 333.90
TREND-STRONG
R1 336.45, R2 339, R3 343.20
MIDLEVEL 331.40
S1 329.70, S2 325.50, S3 322.95
BELOW 329.50 WEAK

NICKEL PCP 969.90
TREND-STRONG
R1 978, R2 986, R3 1000
MIDLEVEL 961
S1 956, S2 942, S3 934
BELOW 955 WEAK

ZINC PCP 90.30
TREND-STRONG
R1 90.90, R2 91.50, R3 92.50
MIDLEVEL 89.65
S1 89.30, S2 88.30, S3 87.70
BELOW 89.00 WEAK

LEAD PCP 93.20
TREND-STRONG
R1 94.05, R2 94.90, R3 96.30
MIDLEVEL 92.25
S1 91.70, S2 90.25, S3 89.40
BELOW 92.00 WEAK

ALU. PCP 95.50
TREND-STRONG
R1 96.00, R2 96.50, R3 97.25
MIDLEVEL 95.15
S1 94.75, S2 94.00, S3 93.50
BELOW 94.50 WEAK

INT. SPOT GOLD
TREND-WEAK
R1 1192, R2 1200, R3 1206
MIDLEVEL 1187
S1 1177, S2 1172, S3 1163
ABOVE 1194 STRONG

INT. SPOT SILVER
TREND-STRONG
R1 18.28, R2 18.38, R3 18.52
MIDLEVEL 18.13
S1 18.04, S2 17.90, S3 17.80
BELOW 18.00 WEAK

MCX INDIA

MCX

Copper on a high
Copper is set to scale new heights with a fall in inventories inevitable in the coming days.
Copper traded Rs 1.95, or 0.62 per cent, higher in futures trading this week after its stockpiles, monitored by the London Metal Exchange, declined to a seven-month low, indicating rise in demand.

Steel prices may fall by Rs 1,000/tn in July

India’s domestic steel prices may come down by Rs 1,000 a tonne in July due to sluggish demand mainly from the construction and infrastructure space.

Steel firms have seen prices coming down by up to Rs 6,000 a tonne to around Rs 27,000-33,000 a tonne in past few months as construction work slowed down ahead of monsoon.

Rupee ends higher at 46.76 a dollar

Indian rupee ended higher against the dollar on Friday mainly on weak dollar overseas and gains in domestic shares.At close, the partially convertible rupee was at 46.76 per dollar from Thursday’s close of 46.88 per dollar

MCX TODAY

FREE MCX TIPS

SELL TURMERIC AUG @ 14450 SL 14560 TGT 14380-14320-14260.NCDEX 
SELL JEERA AUG BELOW 13340 SL 13460 TGT 13270-13210-13150.NCDEX 
SELL CHANA AUG @ 2310 SL 2332 TGT 2285-2270

BSE SMALL CAP

The BSE Small-Cap index and the BSE Mid-Cap index were trading at 0.8% and 0.9% respectively.
India's main stock benchmarks have ginve up some of their gains going into the last half an hour of trade but the overall mood remains quite
buoyant owing to healthy global cues. Sentiment on local bourses improved after the International Monetary Fund (IMF) raised its outlook for India's GDP growth for the year to 9.4% from 8.8%
announced in April. 
 Also, the overnight advance in US and Europe stocks spread to most
Asian markets, barring China, after State Street raised its earnings forecast and worries eased over the European banks' stress tests.
 At 02:57 pm (IST), the BSE Sensex was trading at 17,670, up 199 points or 1.4% over the last close. It had earlier been as high as 17,728after opening at a day's low of 17,536.
 

Ambani brothers' truce opens door to expansion( HEMANT)

India's billionaire Ambani brothers are signing deals and drawing up expansion plans after calling a halt to their very public five-year battle over the spoils of their father's vast business empire.
The warring siblings, Mukesh, 53, and Anil, 51, buried the hatchet in May on a venomous feud arising from the division of the huge conglomerate left by their rags-to-riches father Dhirubhai, who died in 2002 without a will.

The brothers have promised a new "environment of harmony, cooperation and collaboration", and analysts say the rapprochement could strengthen their positions at the top of India's corporate pile.

"They clearly want to move on," said Deepak Pareek, an oil analyst with Mumbai's Angel Broking.

Any lingering personal animosity is being shoved into the background, as the brothers push an image of fraternal solidarity that saw them holiday together in June with their families in a South African game reserve.

It was the first joint vacation for a decade for the Ambanis, who spent their early years in a two-bedroom tenement while their father built Reliance into a corporate colossus.

The original division of spoils between the two brothers had seen Mukesh keep the oil, gas and petrochemicals businesses of the group's flagship Reliance Industries, India's biggest private company.

Anil got Reliance Energy, one of India's biggest power utility firms, the phone company Reliance Communications and the financial services arm, Reliance Capital.

The May truce saw them tear up a non-competition pact that had prevented them entering the same sectors -- a move that the brothers said would provide greater "operational and financial" flexibility to their respective groups.

Mukesh, who is in a vastly stronger financial position with a personal fortune estimated by Forbes magazine at 29 billion dollars, has announced what he calls "mega-expansion" plans into telecom and banking -- high-growth areas in India that had hitherto been Anil's turf.

He has already moved into mobile broadband with Infotel Broadband, the only company to win a nationwide licence in a recent auction of broadband wireless spectrum.

Mukesh's Reliance Industries has also tied up with global financial services giant DE Shaw, at a time when the central bank is mulling issuing fresh banking licences.

"The biggest game-changer is that the brothers will complement each other," said Gaurang Shah of Geojit BNP Paribas Financial Services.

As well as allowing them to explore the potential for working in concert, the truce has also allowed the brothers to focus on their own businesses rather than expending time and effort on mutual recriminations.

Anil has begun seeking suitors for the sale of a stake in Reliance Communications as he seeks to raise badly needed capital.

Two years ago, he had lined up MTN of South Africa as a prospective buyer, but Mukesh scotched the deal by invoking a right of first refusal enshrined in the terms under which the brothers divided their father's business.

Nicknamed "Marathon Man" because of his daily jogs and regarded as the more outgoing of the two, Anil has a fortune calculated by Forbes at 13.7 billion dollars -- less than half that of his older brother.

Throughout their battles, the Ambanis continued to live under the same roof -- albeit on different floors -- in a towering Mumbai mansion with their mother, whom they both revere.

The decision to bring down the curtain on their feud came weeks after the Indian Supreme Court ruled in favour of Mukesh in a pricing battle with Anil over supplies from the nation's largest gas find.

MCX TODAY

MCX TODAYS'S TREND

GOLD PCP 18344
TREND-WEAK
R1 18496, R2 18648, R3 18758
MIDLEVEL 18407
S1 18234, S2 18124, S3 17972
ABOVE 18450 STRONG

SILVER PCP 28764
TREND-STRONG
R1 28954, R2 29143, R3 29368
MIDLEVEL 28712
S1 28540, S2 28315, S3 28126
BELOW 28540 WEAK

CRUDE PCP 3391
TREND-WEAK
R1 3456, R2 3522, R3 3566
MIDLEVEL 3422
S1 3346, S2 3302, S3 3236
ABOVE 3450 STRONG

N GAS PCP 223.20
TREND-WEAK
R1 229, R2 234.70, R3 238.50
MIDLEVEL 226.25
S1 219.50, S2 215.70, S3 210
ABOVE 229 STRONG

MCX FREE TIPS

MCX SUPPORT AND RESISTANCE

GOLD PCP 18509
TREND-WEAK
R1 18562, R2 18615, R3 18657
MIDLEVEL 18526
S1 18467, S2 18425, S3 18372
ABOVE 18580 STRONG

SILVER PCP 28711
TREND-WEAK
R1 28831, R2 28950, R3 29039
MIDLEVEL 28758
S1 28623, S2 28534, S3 28415
ABOVE 28850 STRONG

CRUDE PCP 3377
TREND-WEAK
R1 3406, R2 3434, R3 3453
MIDLEVEL 3393
S1 3359, S2 3340, S3 3312
ABOVE 3410 STRONG
N GAS PCP 226.60
TREND-STRONG
R1 229, R2 231.30, R3 234.70
MIDLEVEL 225.15
S1 223.30, S2 219.90, S3 217.60
BELOW 223 WEAK

COPPER PCP 306.10
TREND-STRONG
R1 308.10, R2 310.05, R3 311.80
MIDLEVEL 306.45
S1 304.40, S2 302.60, S3 300.70
BELOW 304 WEAK
NICKEL PCP 884.60
TREND-WEAK
R1 899, R2 913, R3 921
MIDLEVEL 893
S1 876, S2 868, S3 854
ABOVE 900 STRONG

ZINC PCP 84.55
TREND-STRONG
R1 85.30, R2 86.10, R3 86.70
MIDLEVEL 84.80
S1 84.00, S2 83.40, S3 82.60
BELOW 84.00 WEAK
LEAD PCP 82.55
TREND-STRONG
R1 83.05, R2 83.50, R3 83.90
MIDLEVEL 82.65
S1 82.10, S2 81.70, S3 81.20
BELOW 82.00 WEAK

ALU. PCP 90.75
TREND-STRONG
R1 91.30, R2 91.80, R3 92.20
MIDLEVEL 90.90
S1 90.30, S2 89.90, S3 89.40
BELOW 90.50 WEAK
INT. SPOT GOLD
TREND-WEAK
R1 1214, R2 1219, R3 1222
MIDLEVEL 1210
S1 1205, S2 1201, S3 1197
ABOVE 1216 STRONG
INT. SPOT SILVER
TREND-WEAK
R1 17.91, R2 18.01, R3 18.11
MIDLEVEL 17.81
S1 17.71, S2 17.61, S3 17.51
ABOVE 17.94 STRONG

mcx trend TODAY

MCX TIPS

GOLD PCP 18852
TREND-STRONG
R1 18905, R2 18957, R3 19025
MIDLEVEL 18830
S1 18785, S2 18717, S3 18665
BELOW 18750 WEAK

SILVER PCP 29607
TREND-STRONG
R1 29715, R2 29823, R3 29943
MIDLEVEL 29589
S1 29487, S2 29367, S3 29259
BELOW 29430 WEAK

CRUDE PCP 3523
TREND-WEAK
R1 3575, R2 3628, R3 3674
MIDLEVEL 3532
S1 3476, S2 3430, S3 3377
ABOVE 3595 STRONG

N GAS PCP 214.00
TREND-STRONG
R1 217.50, R2 221.10, R3 224.90
MIDLEVEL 213.50
S1 210.15, S2 206.30, S3 202.70
BELOW 209 WEAK

COPPER PCP 305.80
TREND-WEAK
R1 309.20, R2 312.60, R3 318.05
MIDLEVEL 302.85
S1 300.40, S2 295.05, S3 291.60
ABOVE 308.50 STRONG

NICKEL PCP 920.20
TREND-STRONG
R1 933, R2 945, R3 967
MIDLEVEL 908
S1 899, S2 878, S3 865
BELOW 900 WEAK

ZINC PCP 83.00
TREND-STRONG
R1 84.15, R2 85.30, R3 87.10
MIDLEVEL 82.05
S1 81.20, S2 79.40, S3 78.25
BELOW 81.00 WEAK

LEAD PCP 81.40
TREND-STRONG
R1 82.50, R2 83.60, R3 85.40
MIDLEVEL 80.35
S1 79.60, S2 77.80, S3 76.70
BELOW 79.35 WEAK

ALU. PCP 91.95
TREND-STRONG
R1 92.90, R2 93.80, R3 95.30
MIDLEVEL 91.10
S1 90.50, S2 89.00, S3 88.10
BELOW 90.30 WEAK

INT. SPOT GOLD
TREND-STRONG
R1 1249, R2 1255, R3 1261
MIDLEVEL 1241
S1 1236, S2 1229, S3 1223
BELOW 1235 WEAK