Monthly Archives: March 2012

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Nifty Report for 02/04/2012

Nifty future started the April series on a positive note and maintained above 5250 for the whole session. FM statement on P-notes will have no tax liability in India further strengthened the index and finally was able to close near to the crucial resistance level of 5330. Now, on higher side, 5380 is expected to [...]

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Gold imports up by 14% in FY11 at 970 tonne -31/03/2012

The country’s gold imports rose by 14% during 2010-11 fiscal at 969.73 tonne, Parliament was informed today. The gold import stood at nearly 851 tonne in 2009-10 fiscal, the Minister of State for Finance Namo Narain Meena said in a written reply in the Lok Sabha. In value terms, gold imports rose by 36% to [...]

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Sensex shoots up 346 points as government clears air on P-note tax -31/03/2012

Snapping two-day fall, the BSE benchmark Sensex shot up 346 points on Friday as the government clarified that P-Note holders have no tax liability in India, and global markets showed firm trend. The Sensex, which had lost 200 points in the last two sessions, bounced back 345.59 points or 2.03 per cent to 17,404.20 on [...]

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Commodity trend for 30/03/2012

GOLD APR : SIDEWAYS RESISTANCE 2 :28450 RESISTANCE 1 :28300 SUPPORT 1 :28050 SUPPORT 2 :27950   SILVER MAY : SIDEWAYS RESISTANCE2 :58200 RESISTANCE1 :57400 SUPPORT1 :56200 SUPPORT2 :55500   COPPER APR : SIDEWAYS RESISTANCE2 :437 RESISTANCE1 :434 SUPPORT1 :428 SUPPORT2 :425   CRUDE APR : SIDEWAYS RESISTANCE2 :5400 RESISTANCE1 :5350 SUPPORT1 :5230 SUPPORT2 :5180 [...]

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Nifty Trend for 30/March/2012

Markets ended flat on last day of March Expiry series while the whole series settled with significant losses. It was a volatile session where 5130 acted as support for nifty and closed near to the resistance level of 5180. If this correction phase continues then 5130 will hold nifty from further falling. If some Pull [...]

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Commodity Trend for 29/March/2012

GOLD APR : SIDEWAYS RESISTANCE 2 :28430 RESISTANCE 1 :28250 SUPPORT 1 :28000 SUPPORT 2 :27850   SILVER MAY : SIDEWAYS RESISTANCE2 :58000 RESISTANCE1 :57300 SUPPORT1 :55900 SUPPORT2 :55000   COPPER APR : SIDEWAYS RESISTANCE2 :436 RESISTANCE1 :433 SUPPORT1 :428 SUPPORT2 :425   CRUDE APR : SIDEWAYS RESISTANCE2 :5475 RESISTANCE1 :5425 SUPPORT1 :5370 SUPPORT2 :5340 [...]

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Nifty Trend for 29/March/2012

Markets traded in the negative territory ahead of F&O Expiry. Nifty future faced stiff resistance around 5250 and slipped thereafter. It extended losses after European markets negative opening and broke the support level of 5180. Much volatility is expected in today’s session due to expiry and 5150 is expected to support nifty surpassing which 5080 [...]

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Commodity trend for 28/March/2012

GOLD APR : SIDEWAYS RESISTANCE 2 :28600 RESISTANCE 1 :28450 SUPPORT 1 :28200 SUPPORT 2 :28100   SILVER MAY : SIDEWAYS   RESISTANCE2 :58800 RESISTANCE1 :58000 SUPPORT1 :57000 SUPPORT2 :56300   COPPER APR : UP RESISTANCE2 :443 RESISTANCE1 :439 SUPPORT1 :434 SUPPORT2 :431   CRUDE APR : SIDEWAYS   RESISTANCE2 :5530 RESISTANCE1 :5500 SUPPORT1 :5450 [...]

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Nifty trend for 27/March/2012

Markets started the week on a weak note and nifty future tumbled 94 points as selling pressure was witnessed in all counters. Closing below 5200 is again a weak indication for it. Overall, nifty is suffering from bearish attack where 5150 is immediate intraday support and 5080 is seen as crucial support level for it. [...]

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Commodity trend for 26/March/2012

GOLD APR : UP RESISTANCE 2 :28300 RESISTANCE 1 :28200 SUPPORT 1 :27970 SUPPORT 2 :27740   SILVER MAY : SIDEWAYS   RESISTANCE2 :59000 RESISTANCE1 :57800 SUPPORT1 :56500 SUPPORT2 :55780   COPPER APR : SIDEWAYS RESISTANCE2 :437 RESISTANCE1 :434 SUPPORT1 :430 SUPPORT2 :427   CRUDE APR : SIDEWAYS   RESISTANCE2 :5600 RESISTANCE1 :5530 SUPPORT1 :5475 [...]

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