Report on Stock Market and Commodity Market

INDORE, India - Sept. 19, 2016 - PRLog -- Stock Market News: The market has opened flat with banks doing well. The Sensex is up 54.51 points or 0.2 percent at 28653.54, and the Nifty up 24.20 points or 0.3 percent at 8804.05.

About 765 shares have advanced, 228 shares declined, and 47 shares are unchanged.

Infosys is down on guidance downgrade scare. Maruti, Lupin, TCS and Bharti are losers.

ICICI Bank, SBI, Tata Motors, GAIL and Bajaj Auto are top gainers in the Sensex.

Stocks in news:

IFCI | South Indian Bank | Godrej Properties | Petron Engineering | Max Financial Services | Maruti Suzuki | Tata Motors | Brigade Enterprises | South India Projects | NMDC | MOIL | Trent | Vipul | Jyoti Structures and United Breweries are stocks, which are in the news today.

Currency Market News: Rupee opens higher at 66.95 per dollar

The Indian rupee opened marginally higher by 3 paise at 66.95 per dollar on Monday versus 66.98 Friday.

A weak dollar versus peers and positive cues from global equity market will help the rupee appreciate today. The trading range for the day is seen between 66.80-67/dollar.

Best Advisory Company (http://www.tradtips.com) provides Online Trading, NSE and BSE Trading Tips, MCX, NCDEX and Intraday Tips for for investors, +91-7415033556.

Buy, sell or hold: Analysts pick 3 stocks for your portfolio

Reliance Capital   Deutsche Bank has increased target to Rs 650 from Rs 535 per share stating that adverse regulatory changes are a key risk. It says improving profitability at operating business should lead ROE to 10 percent by FY18.  It expects asset management business to benefit from continued buoyancy in equity markets and0020that recent change will help simplify the group structure.

UPL   Citi has buy rating on the stock with target at Rs 860 per share as sound business model delivers in tough times.

PI Industries   Citi has initiated buy call with target at Rs 1060 per share. It says near-term demand uptick is driven by decent monsoons this year. It adds that CSM business with a strong order book adds a clear visibility of 3-4 years.

Commodity Market News:

MCX Gold Oct Technical View: MCX Gold prices are trading in a falling channel formation on hourly time frame.  For now we expect prices should move lower towards 30450 levels in the coming trading sessions.

MCX Silver Dec Technical View: MCX Silver prices observed breakdown of its Rectangle pattern at 45167 levels on hourly time frame. For now we expect prices to move lower towards 44600 levels in few trading sessions.

MCX Crude Oil Sept. Technical View: MCX Crude Oil prices have breached its Horizontal trend line support near 2900 on hourly time frame. For now we expect prices to move lower towards 2810 levels in coming trading sessions.

Free MCX HNI Tips (http://mcxhni.blogspot.in/) , 5-6 Intraday Calls, Commodity Market trend, Resistance & Support.

Fundamental News:

Gold prices rebounded mildly in Asia on Friday as investors squared positions ahead of next week's two-day Fed meet widely expected to keep interest rates steady. Gold prices were little changed on Friday, as markets continued to digest the previous session's weak U.S. economic reports and investors awaited fresh U.S. data to be released later in the day.

The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending September 13 on Friday.

INTERNATIONAL MARKET UPDATE

GOLD $ 1318.40

SILVER $ 19.212,

COPPER $323.80,

CRUDE OIL $ 44.41,

INR 66.995.

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31212,

R1 -31010,

S1-30650,

S2-30450,

SILVER JULY FUTURE

R2 –46110,

R1- 45782,

S1-45101,

S2-44790,

CRUDE OIL JUNE FUTURE

R2 –3000,

R1-3054.

S1-2800,

S2-2760,

COPPER JUNE FUTURE

R2 –334,

R1-328,

S1-320,

S2-313.