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Follow on Google News |  Daily Commodity Market News By Epic Research -21st May 2014India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government,
By: www.epicresearch.co GOLD GOLD MCX Short term trend is DOWN, Immediate support @ 28120 Immediate Resistace @ 28250 Today GOLD MCX Closed @ 28186. Yesterday Intraday Range of GOLD MCX was 183. Open Interest was up +2.25 %, Volumes were 10630 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD ABOVE 28250 TGT 28330,28430 SL BELOW 28130 SELL GOLD BELOW 28120 TGT 28040,27940 SL ABOVE 28150 SILVER SILVER MCX Short term trend is DOWN, Immediate support @ 40700 Immediate Resistace @ 41150 Today SILVER MCX Closed @ 41030. Yesterday Intraday Range of SILVER MCX was 412 .Open Interest was UP + 0.50 %, Volumes were 18299 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40500 TGT 40300,40000 SL ABOVE 40800 DHANIYA Dhaniya jun daily chart is consolidating in a range. trend is bullish Momentum indicator RSI is below mid range Immediate support @ 9540 & Immediate resistance @ 9685. BUY DHANIYA JUN ABOVE 9685 TGTS 9715,9765 SL 9635 SELL DHANIYA JUN BELOW 9540 TGTS 9510,9460 SL 9590 SPECIAL NEWS The National Statistics reported that the consumer prices index (CPI) in UK grew by 1.8% in the year to April 2014, up from 1.6% in March. Increases in transport costs, nota bly air fares, sea fares and motor fuels, provided the largest contribution to the rise in the rate. An overall fall in the price of food was the largest offsetting factor. The timing of Easter is likely to have had an impact on the index most notably for air fares and sea fares. On monthly basis, CPI rose 0.40%, higher than 0.20% in the last month. Yearly core CPI rose to 2% from 1.60% in the earlier month. Euro stat said that Euro zone trade balance in seasonally adjusted terms edged up to15.2 billion euro in March 2014 from 15.0 billion euro in the month of February 2014. COMMODITY BUZZ India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tuesday. Gold imports by India, the world's No. 2 bullion con sumer after China, could double from current levels if the restrictions are eased, according to an industry estimate. This would help global prices that slumped 28 per cent last year - the first drop in 13 years - partly due to India's curbs. India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tues- day. The loss on sale of diesel has fallen to Rs. 4.41 per litre, helped by Rs. 1.09 per litre hike and strengthening of the rupee against the US dollar. Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market. Our research is based around these services: MCX Trading Tips GET FREE TRIAL +91 731 6642300 Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/ or https://www.epicresearch.co/ End
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