MONEY MANAGEMENT Avani Thakkar Ruparel
Tc:- 9860442079
[email protected]
The incomes are growing the expenses as well,people are hardly getting time to think about their financial management because of no job security and enormous work pressure. In market there are a lot of agents who want to sell their products to clients,people are getting aware of their financial advices,a lot of awareness is created by media.But such results have resulted in confusions in the minds
06/07/2022
Company Secretary (CS) Internship in Pune -
Training Exposure/Description: Legal Setting up of Companies, LLP and NGO Statutory Company Law Compliances Statuary Compliances relating to FEMA, Company Law Petitions
Eligibility: CS Executive/Professional Cleared
Send Details on- [email protected], Chopra & Associates, Pune
06/07/2022
Nifty facing resistance at 15600 levels
Buy bank nifty 34400 ce @ 250 level target 280
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Money Management.
Mkt may hit life high tomorrow
At the first sound of bells on Monday, equity market is all set to hit all-time highs but sustenance remains a suspect. Analysts say Nifty is barely 2 percent away from the historic high level and BJP’s comfortable win in four states will give adequate push to accomplish that feat. The dampening factor, however, will come into play sooner than later. The euphoria will be ebbed by other pressing factors, says Advent Advisors’ KR Bharat. The market's all-time intra-day high stands at 6357.1 attained on January 8, 2008. Its all-time closing high of 6317.35 took place a few sessions back on November 3, 2013. The BSE benchmark Sensex touched intra-day all-time high of 21293.88 on November 1, 2013.
Trading Range For The Day
(Domestic Market)
Bullions
Gold Mcx- Feb (Sideways to Lower) -Price Range 28650-29135
Silver Mcx-Mar (Down) Price Range 44000-45000
Energy
Crude Oil- Dec(Sideways to Gradual lower)-Price Range 5780-5885
Natural Gas- Dec (Sideways to Up) - Price Range 243.20-248
Base Metals (Sideways to Lower)
Copper-Feb- Price Range 441-448
Lead- Dec- Price Range 127.30-129.80
Zinc- Dec - Price Range 115-117.10
Nickel- Dec - Price Range 825-857
Aluminium- Dec Price Range 106.90-109
(International Market)
Gold (Down): Price Range $1180-$1265
Silver (Down): Price Range $19.0-$21
WTI Crude Oil Nymex (Sideways to Lower): Price Range $90.-$96
(Forex Market)
Dollar Index (Sideways): Price Range 80.38-81.50
EURO Spot(Sideways): Price Range 1.3294-1.3646
USDINR Spot(Sideways): Price Range 60.80.-64
Note: Lower value of the price range may act as Support & Higher value of the range may act as Resistance for the day.
Monthly Update (December’13)
Rupee prices, which after losing 28.7% for the period ranging from May to August 2013, showed some recovery during the past couple of months but could not held on to the gains made in November. Prices, which firmed by more than 5% in September and 2.20% in October, against Dollar, resumed its weakening momentum in November and was once down by 4% during the month but pared some of its losses to end 1.4% down against the previous month’s close of 61.50/$.
Bullions
No tapering of bond buying in October FOMC meet: US Federal Reserve in its meeting ended on 30th Oct decided not to immediate taper its $85-billion-a-month bond buying programme but reiterated the expansion in economy and improvement in labor markets. If tapering decision will be taken in Fed’s December or very next meeting, could result in outflow of funds from commodities and channeling into bonds and US dollar. Bullions and other commodities will be affected negatively due to it.
Positive proceedings of the talks between Iran and western nations: The six western powers and Iran reached an initial agreement on limiting nuclear proliferation. Iran promised to freeze its nuclear program in exchange for easing the economic sanctions that have gripped the country's access to foreign exchange. This resulted in lower WTI crude prices, lowering global tensions, strengthening Indian rupee and in-turn pulling Gold prices down. This may have a lasting impact on Indian rupee prices which will be negative for the domestic gold prices as well.
High Spot premium and industry demanding for lowering down the import duty: Supply crunch of gold in the Indian market, as a result restriction on gold imports, along with running wedding season has kept the spot premium of gold inflated. The premium is currently $120-$130 an ounce over the London price.
Talking of a relatively smaller time frame prices might trade within the trading band of Rs29500-30500. A breach of the lower band would stretch the decline towards the longer term support of 28000 whereas a rally of another 600-700 points can be seen on a decisive crack of Rs30500 levels. For the coming month, chance of prices softening towards the lower band of the range remains fairly high.