Page 63 - Rex Cano

Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark

The bias for MCX Crude Oil September futures is likely to favour the bears as long as the commodity trades below Rs 7,170; For MCX Natural Gas futures the key support range of Rs 630 - Rs 620.

Stocks to Watch: Adani Group, Fertilisers, HDFC Bank, Canara Bank, Suzlon

Stocks to Watch on Tuesday: Government may look to privatise PSU fertiliser companies; Adani Group in an attempt to allay fears of being overleveraged, said the firms have reduced debt over the years.

Resistance for Nifty seen at 17,725; Stocks to buy in September F&O series

Coal India, City Union Bank, Cummins, IDFC First Bank and Piramal Enterprises are the five F&O stocks tha can deliver up to 21 per cent returns in the September series.

Stocks to Watch: DreamFolks, RIL, HAL, L&T, Adani, Tata Motors, REC, NTPC

Stocks to Watch on Tuesday: DreamFloks Services to debut on Tuesday; Reliance Industries acquires majority stake in SenseHawk for $32 mn; Delta Corp in F&O ban.

Upside for MCX Gold seems capped near Rs 51,100; Silver may pullback

The MCX Gold October futures were seen testing support around the 200-DMA; while select momentum oscillators indicate a likely pullback for Silver futures.

Stocks to Watch Today: Paytm, Reliance, NDTV, ICICI Bank, Yes Bank

Stocks to Watch Today: Tamilnad Mercantile Bank's IPO will open for subscription in the price band of Rs 520 - 525 on Monday.

DreamFolks Services IPO is open for subscription, should you Subscribe?

The DreamFolks Services IPO saw strong demand from retail investors, with subscribtion of up to 8x the alloted quota. The HNI segment was also oversubscribed at the end of Day 1 of the offer period.

MCX Crude Oil has to hold above Rs 7,350; Natural Gas may see sharp moves

The overall bias for Crude Oil remains negative, however, select momentum oscillators have turned positive on the daily chart. Natural Gas futures could see sharp directinal moves, hints ADX indicator

MCX Gold may seek support around Rs 51,100-level; Silver remains negative

The MCX Gold October futures is trading near multiple supports in the form of 20-WMA, 20-DMA and 50-DMA; Whereas Silver futures may seek support near its recent low of Rs 54,160-odd level, while the u

IRCTC gains 3% on data monetisation plan; analysts see more upside

The Indian Railways ticketing arm aims to raise up to Rs 1,000 crore through this exercise; The stock is now within striking distance of its 200-DMA

MCX Crude Oil futures can slide to Rs 5,700-level, chart suggests

Sustained trade below Rs 6,800-level, can trigger a sharp slide in MCX Crude Oil August futures towards the 50-WMA; Meanwhile, bias for Natural Gas is positive.

MCX Gold, Silver futures slide; Key levels to watch out this week

Sustained trade below Rs 52,065, can trigger a fall to Rs 51,650 - 51,700 levels on the Gold futures; whereas Rs 57,200 is the key support for Silver futures.

MCX Crude Oil futures likely to exhibit high volatility in the near term

Sustained trade below Rs 6,940-level, can trigger a sharp slide in MCX Crude Oil August futures; Bias for Natural Gas futures has turned marginally negative.

Short-term trend for MCX Gold turns positive; Silver remains negative

This week, the MCX Gold October futures could consolidate in the range of Rs 51,150 to Rs 52,870; Silver futures need to break above Rs 58,835 for gaining strength.

MCX Crude Oil may soon test 200-DMA; Bias for Natural Gas turns neutral

The MCX Crude Oil futures could dip briefly below the 200-DMA at Rs 7,275 indicates the weekly momentum oscillators. Bias for Natural Gas futures no longer negative.

Despite pullback, MCX Gold, Silver futures face multiple hurdles ahead

The MCX Gold futures are likely to face resistance around Rs 51,670, while Silver futures may face hurdle at Rs 59,030.

How are the markets placed ahead of RBI policy?

At over 8.5%, equity markets clocked their highest monthly gain since August 2021. As investors remain cautious ahead of the RBI's monetary policy, find out how the markets are placed for the week

Key technical indicators for rookie traders

Trading skills include a combination of various factors, including three indicators that one should know. They are price indicators, volume and basic momentum oscillators. Let's delve deeper them

Bias for MCX Crude Oil remains negative; 200-DMA is the key support

Meanwhile, the Natural Gas futures soared nearly 79 per cent in the last 15 trading sessions to a new high of Rs 760; the commodity could witness some profit-taking now.

Key levels: Gold needs to sustain above Rs 50,700; Silver above Rs 54,100

The MCX Gold futures seem to be taking support around the 200-DMA, on the upside sustained trade above the 20-DMA at Rs 50,700 can trigger a fresh rally.