Market Wrap:
·
Gold rose for a second day on speculation
·
Silver for
immediate delivery gained 0.2 percent
·
Crude oil climbed
a fourth day trading above 101$
·
Copper futures
sank 0.5%
·
Natural gas raise almost 1% on Wednesday
·
Sharp decline in crude oil inventory
Gold
rose for a second day on speculation that political tension in Egypt and the
debt crisis in Europe may spur demand for haven assets, while holdings in the
largest bullion-backed exchange-traded product held steady. Spot gold gained as
much as 0.4 percent to $1,258.35 an ounce. Silver for immediate delivery gained 0.2 percent to $19.8125 an ounce
after climbing 1.9 percent yesterday. Crude oil climbed a fourth day, holding
at a 14-month high, on concern the ouster of the Egyptian president boosts
prospects of a disruption in supplies from the region. Tin for
three-month delivery slipped 0.8 percent. Copper futures sank 0.5 percent.
TECHNICAL VIEW
GOLD
(AUG)
Trend •
Consolidate
Strategy • Sell on high
Resistance • R2
- 26780 ; R1 - 26450
support • S1 – 25850 ; S2 – 25580
support • S1 – 25850 ; S2 – 25580
SILVER
(JUL)
Trend • Consolidate
Strategy
• Sell on high
Resistance •
R2 - 43450; R1 - 42270 support • S1 - 40850; S2 – 39500
STOCK CASH PLUS CALLS 04-07-2013
BUY UNITED BREWERIES (LCP 840.8) ABOVE 842 TG-849-857
BUY JSW STEEL (LCP-610.7) ABOVE 612 TG-618-625
BUY MARUTI (LCP-1560.95) ABOVE 1563 TG-1573-1586
BUY LUPIN (LCP-830.45) ABOVE 832 TG-838-845
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