What Will be impact of Import duty in gold MCX

Gold imports last month, the government can put in a substantial increase. According to exclusive information that this was the biggest reason the government decided to cut the last minute postponed the gold import duty. According to sources, there has been a substantial increase in import of Gold in June. According to early June, nearly 106 tonnes of gold was imported. In May, nearly 62 tonnes of gold was imported.

The sudden rise in gold imports in June compared to May, the government has been alert. Gold import duty reduction at the decision has been avoided. According to sources, the Ministry of Commerce is putting tremendous pressure to reduce duty. Gold imports in July reduced the duty reduction may be considered.

Analyst Say, If import Duty will be Decreased in gold then you can see the levels of 26,500 again. We Are Advices for long term investors can sell Gold near at 28,00 with in August future contract, targets 27,500 & 27,000 Stop loss 28,500.

WEEKLY STOCK RECOMMENDATION @ Moneymaker Financial

@  BUY IRB FUTURE ABOVE 247 TARGET 248.20, 249.40, 250.60 SL-244.60

@ BUY HDIL FUTURE ABOVE 91 TARGET 91.60, 92.20, 92.80 SL-89.80

@ SELL ARVIND FUTURE BELOW 200 TARGET 197.50, 195, 192.50 SL-205 .

@ SELL BHARAT FORG BELOW 625 TARGET 620, 615, 610 SL-635.

BSE Sensex Broken 200 points, NSE Nifty Trade Below 7500

 Budget Speech of the Finance Minister Arun Jaitley has dominated the market declined strongly. Sensex and Nifty is seeing a decline of nearly 1 percent. Midcap and Smallcap stocks also weighed is dominating. Consumer Dyurebls, power, capital goods and banking stocks is looking to sell the most.

The 30-share BSE Sensex index is currently 0.9 percent, ie, with 227 points, is trading at 25218. The NSE 50-share Nifty index fell 87.5 points, ie, 1.1 percent has come down to 7,500.