Published on 9/07/2020 11:48:00 AM
ZINC
Technical outlook
Zinc July 2hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 167. The upside rally could be testing all the way up to 169 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways. Key support holds at 165.20.
Click Here - https://bit.ly/2Z9uQw2
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 9/07/2020 11:47:47 AM
SILVER
Technical outlook
MCX Silver Sept futures technical chart has taken the formation of "Rising channel" pattern in daily time frame. Last few sessions ended up in sideways mode, retesting near the channel’s resistance line. The market is expected to continue on bullish momentum, once breaking above a key resistance level holding near 50900. The upside rally could be extending all the way up to 51300-51700 levels in the upcoming sessions. An alternative scenario indicates that if the market struggles to break above resistance level, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds at 49800.
Click Here - https://bit.ly/2Z9uQw2
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 9/07/2020 11:47:36 AM
NATURAL GAS
Technical outlook
Natural gas daily chart has formed “Falling channel” pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support level holding near 138.50. The downside rally could be testing all the way through 135.50-132 levels in the upcoming sessions. Alternatively, if the market struggles to break the support level, then it might retest the same and turn bullish/sideways once again. Key resistance holds at 141.50.
Click Here - https://bit.ly/2Z9uQw2
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 9/07/2020 11:47:20 AM
COPPER
Technical outlook
Copper July daily chart has formed "Rising channel" pattern. The last few sessions ended up in bullish mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 478. The upside rally could be testing all the way through 481-484 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish/sideways mode. Key support holds at 469.
Click Here - https://bit.ly/2Z9uQw2
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 8/07/2020 2:07:47 PM
Zinc
Technical outlook
Zinc July 4hr Chart has formed "Rising channel" pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on the bullish term based on the current price action, once the same breaks above a key resistance holding at 165.20. The upside rally could be testing all the way up to 167 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might revise the trend to bearish/sideways. Key support holds at 162.20.
Click Here - https://bit.ly/2ZNtsyb
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 8/07/2020 2:07:36 PM
Silver
Technical outlook
MCX Silver Sept futures technical chart has taken the formation of "Rising wedge" pattern in 4hr time frame. Last few sessions ended up in sideways mode, retesting near the channel’s resistance line. The market is expected to continue on bullish momentum, once breaking above a key resistance level holding near 50350. The upside rally could be extending all the way up to 50700-51000 levels in the upcoming sessions. An alternative scenario indicates that if the market struggles to break above resistance level, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds at 49350.
Click Here - https://bit.ly/2ZNtsyb
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 8/07/2020 2:07:25 PM
Natural Gas
Technical outlook
Natural gas 4hr chart has formed “Megaphone chart” pattern. The last few sessions ended up in sideways trend inside the channel. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a stiff resistance level holding near 144. The upside rally could be testing all the way through 147-150 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 134.
Click Here - https://bit.ly/2ZNtsyb
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 8/07/2020 2:07:11 PM
Copper
Technical outlook
Copper July 2hr chart has formed "Ascending broadening wedge" pattern. The last few sessions ended up in sideways mode along with some corrections inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 475.50. The upside rally could be testing all the way through 479-482 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish/sideways mode. Key support holds at 467.
Click Here - https://bit.ly/2ZNtsyb
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 8/07/2020 1:56:43 PM
Crude Oil
Technical outlook
MCX Crude Oil technical chart has taken the formation of "Symmetrical triangle" pattern in 4hr time frame. Previously few sessions ended up in sideways mode inside the pattern. As per the technical aspects based on the current price action, the market is expected to continue on bullish trend. The continuation of the trend will be confirmed once the prices breaks above a stiff resistance holding near 3075. The positive rally could be testing all the way up to 3150-3220 levels in the upcoming sessions. An alternative scenario indicates that if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways mode once again. Key support holds near 2980.
Click Here - https://bit.ly/3f9t9UJ
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Published on 8/07/2020 1:53:21 PM
Gold
Technical outlook
MCX Gold Aug futures technical chart has taken the formation of “Rising channel” pattern in 4hr time frame. Last few sessions ended up in sideways mode retesting near the channel’s support line, where the market is expected to revise the trend to bullish momentum based on current price action. The continuation of the trend will be confirmed once the prices breaks above a key resistance level holding near 48830. The positive rally could be extending all the way up to 48990 and further levels in the upcoming sessions. An alternative scenario indicates that if the market struggles to break the resistance level, then it might retest the same and revise the trend to bearish/sideways mode. Key support holds near 48620.
Click Here - https://bit.ly/3iFwyNb
Please refer disclaimer at https://enrichbroking.in/disclaimer
SEBI Registration number is INZ000078632
Daily Market Commentary 9 July 2020 by Mr. Siddhartha Khemka, Motilal Oswal
1
Economic Insights: The stirrings of expansion Update for the month of July 2020 by Principal Asset Management
2
Stock Market Prediction 10 July 2020
3
Gold, Silver, Crude Oil, Natural Gas, Copper, Nickel, Zinc, Lead, Aluminium Commodity Report of 9 July 2020 By Geojit Financial
4
Rolls-Royce burns through 3 billion pounds, expects more cash outflows
5
Benchmarks End Near Days High; Nifty Closes Above 10,800 Level
6
Hind.ConstructionCo. posts Q4 net loss of Rs 211.90 cr
7
Sebi plans to rope in agency to revamp IT network, communication systems
8
We expect a bullish movement in Aluminium towards the level 148 in thenear term - Choice Broking
9
German prosecutors probe Wirecard for money laundering
10
Stocks To Watch - Torrent Pharma: US FDA Nod For Anti-bacterial Drug, Erythromycin Tab
Published on 2020-07-09 09:34:47Stocks To Watch - Unichem Lab: US FDA Nod For Cyclobenzaprine Hydrochloride
Published on 2020-07-09 09:33:55Stocks To Watch - Aurobindo: US FDA Nod For Blood Pressure Drug, Verapamil Hydrochloride
Published on 2020-07-09 09:32:59Stocks To Watch - Yes Bank: SBI Srcs- Further Infusion To Ensure Stake Dosen`t Fall Below 26%
Published on 2020-07-09 09:16:45Stocks To Watch - Wockhardt: Promoter Releases Pledge On 18 Lakh Shares On July 6
Published on 2020-07-09 09:14:25Stocks To Watch - Torrent Power: Promoter Releases Entire Pledge From IDBI Trusteeship
Published on 2020-07-09 09:13:17Stocks To Watch - Can Fin Homes: To Consider Fund Raising On July 17
Published on 2020-07-09 09:12:10
