MCX Silver futures prices (Monday, 03:04PM) soared to an unprecedented Rs 1,15,136 per kg in futures trading, fueled by robust global cues and a weakening US dollar. Simultaneously, gold futures also experienced gains, climbing to Rs 98,138 per 10 grams amid strong spot market demand.
futures trading
Nifty Futures Positional Trading Tips – Above 11400 Buy on Dips, Target 11560 — 11620 – Neal Bhai Reports
Nifty Futures Positional Trading Tips – Above 11400 Buy on Dips, Target 11560 — 11620 – Neal Bhai Reports
Nifty Likely to Maintain its Strong Momentum – GSR
The elevated price-earnings of the benchmark Nifty 50 may sustain in the near term given the favourable ratio between the 10-year government bond yield and the earnings yield of the index.
Nifty Future Price Support Zone 11100—11000 Above, Target 11680—11910 (Positional), Buy on Dips
The Indian equity market in the coming week will be largely driven by developments around global economic sentiment with first quarter earnings season nearly over, say analysts. The AGR dues payment hearing in Supreme Court would remain on the participants’ radar, they say.
Safe-Haven Currencies in Demand Amid U.S., Iran Tension
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.
USD/CNY consolidates around 6.9050 Mark, People’s Bank of China sets Yuan mid-point at 6.8822
We prefer to take short position on USD/CNY only below 6.8976, stop loss 6.92 and target of 6.8525.
It made intraday high at 6.9087 and low at 6.8976 levels.
NZ Dollar Falls as Aussie Consumer Sentiment Weakens
The New Zealand dollar fell, dragged lower with the Australian dollar on signs consumer sentiment is weakening across the Tasman.