Daily Stock and Commodity Market Prediction


Posted November 25, 2014 by vivekhello4

The Indian rupee opened flat at 61.90 per dollar on Tuesday against previous day’s closing value of 61.94 a dollar.

 
GLOBAL MARKETS ROUNDUP
Asian shares gave back some of their China-inspired gains on Tuesday, while oil prices slumped ahead of this week's OPEC meeting.

The 50-share NSE Nifty broke the 8500 level, falling 31.10 points to 8499.05 while the 30-share BSE Sensex declined 54.38 points to 28445.16.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 28,499.54 (up 0.58 pct)
• NSE index 8,530.15 (up 0.62 pct)
• Rupee 61.9350/9450 per dlr (61.7625/7725)
• 10-year bond yield 8.16 pct (8.17 pct)
• 5-year OIS rate 7.29 pct (7.35 pct)
• 1-year OIS rate 7.89 pct (7.94 pct)
• Call money 8.50/8.60 pct (7.90/8.00 pct)

Commodity Market Outlook
Gold should continue to be under pressure in coming sessions. Recommend selling from higher levels next week. Gold MCX Dec: Sell at 26720-26750 TP 26200/26040 SL 27150.

Silver commodity and could lead to further weaker growth in the short-term. Recommend selling the commodity on pullbacks next week. Silver MCX Dec: Sell at 36500-36600 TP 35400/34800 SL 37200.

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Last Updated November 25, 2014