Market Outlook for Commodity and Equity Market

Commodity Market Outlook
• Gold futures for December delivery climbed 1.1 percent
• Silver futures for delivery in December rose 0.7 percent
• Crude Futures retreated 1.4 percent in New York
• Aluminum for delivery in three months fell 0.9 percent

Gold futures climbed to a two-week high topping $1,200 an ounce after Russia added to reserves, fueling speculation that a rebound in demand for bars, coins and jewelry will help stem this year’s drop. Silver futures for delivery in December rose 0.7 percent to $16.174 an ounce on the Comex. West Texas Intermediate and Brent crudes dropped as investors weighed the possibility that OPEC will agree to cut oil output next week. Aluminum fell to a two-week low after a report showed that China’s real-estate market is weakening, fanning concern that a global economic slowdown will sap demand for industrial metals.

Equity Market Outlook
• Indian markets ended flat. Nifty and Market down by 0.6% and 0.5%
• Asia-Pacific mkts mixed. Hang Seng down 1.14% and Kospi up by 1.19%.
• Wall Strt down. GBP retail sales m/m stood at 0.4%. Dow future up 70 pts.

Indian markets ended flat after continuous rally but still buying pressure was higher. On sectorial front sugar, logistic and telecoms stocks were up more than 5% while jewelry stocks were down and banking and reality stocks were flat. Market was down by 14 ptsat 28163 & Nifty went down by 4pts at 8425. European markets traded up.

Stock recommendation for 19/11/2014 is DB corp. ltd. In today’s trading session it was up by 2.67%. Its long term trend is up. On the daily chart, it was consolidating since last few days but today it has given crossed resistance of 370 .RSI and MACD has also given buying confirmation. On daily chart also it has made rounding bottom that clearly gives buying signal positional. All the indicators are suggesting that one can go for long position in this stock above 380levels. The stock may test level of 390-410 in coming days

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