MCX Bullion, Metals, Energy Trading Levels < Money Maker Research

PRECIOUS METALS:

MCX Gold closed in on Rs 26000 per 10 grams mark yesterday as

investors eyed rather dovish cues from the latest FOMC meeting. The

COMEX Gold futures jumped along with equities last night. The FOMC

statement removed the word “patient” regarding when to decide to

raise interest rates. Gold price is in resistance; expectation price may go

down, Our recommendation sell on high.

ENERGY:

From last two days crude price is consolidating near to its support level

trend is still bearish and there is no any fresh news in crude oil which

will support bullishness. Price is taking support from its lower level,

expectation Crude oil prices may give some correction from here. Our

recommendation sells on high.

BASE METALS:

Copper futures rallied sharply yesterday, after the Federal Reserve

projected a slower pace of rate hikes. Through Technically copper price

near to its resistance level and expectation price may consolidating.

Upper side price may go up to 375 to 378.Our recommendation sell on

high.

Stock Market NSE BSE Ended on Down Side @ Advices for tomorrow by Moneymaker

The market ended near one-month low, tracking a sell-off in global stocks, with bank and information technology shares leading the decline. Further, fears of foreign fund outflows in the short term amid sooner-than-expected hike interest rates by the US Fed in wake of robust jobs data also dampened sentiment.

The Sensex ended down 604 points at 28,845 and the Nifty ended down 181 points at 8,757.

The Bank Nifty ended down 602 points at 19,146.
The Indian rupee was trading sharply lower to the US dollar after the greenback rallied against other currencies on expectations of that the US Fed would

Investment Advices:

- Buy UPL Future above 442 targets 447, 452, 458 Stop loss 432.

- Buy Hindunilvr Future above 984 targets 994, 1004, 1014 stop loss 968.

Market End Flat today @ Daily Stock Recommendations By Moneymaker

Benchmark indices shed early gains to end on a flat note with bank shares leading the decline as caution prevailed ahead of the expiry of February derivative contracts while concerns over Railway Budget and Union Budget kept risk-appetite subdued. The 30- share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively. sectoral indices of BSE ended in green. BSE IT index, up 0.4% was the top gainer followed by BSE FMCG, Oil & Gas and Realty indices gaining around 0.3% each. BSE Healthcare index, down 1% was the top loser followed by BSE Capital Goods index, and Bankex down 0.7% each. Bank stocks led the losses in today’s session though housing finance major, HDFC gained around 3%. HDFC Bank, ended down 1.6%, ICICI Bank, down 0.7% and SBI and Axis Bank lost 0.3% each. Pharma stocks ended mixed with Sun Pharma and Dr Reddys Lab losing around 2% each while Cipla gained around.

Stock Recommendations

@ Buy Munjal Showa Above 220 Targets -222,224,226 SL-216.

@ Sell Patel Eng Below 90 Targets -89.1,88.2,87.3 SL-91.8.

@ Sell Astec Below 108 Targets-107,106,105 SL-110.