Ripples Advisory News Update's

For more information visit our website www.ripplesadvisory.com

Gold prices firmed on Tuesday as investors turned their attention to testimony from U.S. Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy. 

Spot gold was mostly unchanged at $1,225.84 per ounce at 0230 GMT, while U.S. gold futures inched up 0.1 % to $1,226.8. Spot gold may test resistance at $1,230 per ounce, a break above which could lead to a gain to $1,235, according to Reuters technical analyst Wang Tao. 

 

Losses was noted in the prices of MCX Refined gold. Levels of INR 29030 per 10 grams was noticed during the closing, with an uptick of 0.49%. The value gained from the strongest levels since December 2016. 

The prices gained and reached near to critical levels of INR 29166 per 10 grams which means that further gains can create confidence and prices can move towards Rs 29400 per 10 grams. If gains occur from here it can take yellow metal towards INR 29800 and 29900 per 10 grams. On lower side, Gold will be supported at Rs 28980 per 10 grams and INR 28900. The high of Gold was at INR 29166 per 10 grams and a low of INR 28941 per 10 grams was tested during the day.

Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group's supply-reduction deal to a record high of more than 90 %. 

 

The Organization of the Petroleum Exporting Countries is curbing its output by about 1.2 million barrels per day (bpd) from Jan. 1. Russia and 10 other non-OPEC producers agreed to cut half as much.

 

Supply from the 11 OPEC members with production targets under the deal fell to 29.888 million bpd last month, according to figures from secondary sources that OPEC uses to monitor its output. OPEC published the data in its monthly report on Monday.

 

Updates Visit Us www.ripplesadvisory.com or Get Free Trial Just Give One Missed Call  9303093093.

Oil prices pared an earlier decline after the release of the report, trading above $56 a barrel. OPEC's cut is supporting the market, but expectations that the move will lead to a revival in U.S. shale drilling have limited the rally. 

Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market. 

 

Updates Visit Us www.ripplesadvisory.com

At the MCX, aluminium futures for February 2017 contract is trading at Rs 125.45 per kg, up by 0.48 per cent, after opening at Rs 125.20, against a previous close of Rs 124.85. It touched the intra-day high of Rs 125.65.

                       Trading Ideas

1.  Aluminium trading range for the day is 122-126.4.

2. Aluminium prices ended with gains after China reported better-than-expected trade data for January. 

3.  China exported 390,000 tonnes of unwrought aluminium and aluminium products in January, in line with December's figure. 

4. Australia's Tomago Aluminium smelter has been forced to shut down operations to conserve power as a heat wave grips much of the country, a government official said. 

Fore One Day FREE TRIAL Click Here www.ripplesadvisory.com .

Fore Two Day Free Trial Click Here www.ripplesadvisory.com.

GOLD 

SUPPORT: 28650/28780 

RESISTANCE: 29110/29260 

TREND: SIDEWAYS 

 

SILVER 

 SUPPORT: 41150/41500 

RESISTANCE: 42150/42550 

TREND: SIDEWAYS 

 

CRUDE OIL 

SUPPORT: 3520/3570 

RESISTANCE: 3670/3730 

TREND: SIDEWAYS 

 

COPPER 

SUPPORT: 382/385 

RESISTANCE: 391/395 

TREND: SIDEWAYS

Demand for meal is good from domestic as well as overseas buyers. The United States department of agriculture (USDA) trimmed 2016-17 United States soybean production forecast for January also cut forecast for ending stockpiles compared to previous month, the department said in its World Agriculture Supply and Demand Estimates report. 

The USDA expects soybean output in US, the world's biggest bean grower, at 117.2 million tons in January compared to 118.7 million tons in the previous month while higher than 106.9 million tons a year ago. USDA also expects 2016-17 US soybean ending stockpiles to fall to 420 million bushels in January compared to 480 million tons in the previous month while higher than 197 million bushels estimated in the same period a year ago.

                Trading Ideas

1. Soyabean trading range for the day is 3065-3149.

2. Soyabean settled flat as prices paired gained after gaining earlier on buying at lower level and on hope higher demand. 

3. Crush margins have turned marginally negative and may limit demand from processors going forward. 

4. NCDEX accredited warehouses soyabean stocks gained by 2537 tonnes to 186625 tonnes. At the Indore spot market in top producer MP, soybean gained  16 Rupees to 3057 Rupees per 100 kgs. 

Lead futures were trading lower during morning trade in the domestic market on Friday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for lead, from battery-makers, in the domestic spot market.

At the MCX, lead futures for February 2017 contract is trading at Rs 155.60 per kg, down by 0.99 per cent, after opening at Rs 156.25, against a previous close of Rs 157.15. It touched the intra-day low of Rs 155.25. 

Fore Two Day Free Trial Click Here www.ripplesadvisory.com.

Metals Tonnes Change

Aluminum      2273750 -4475

Copper           262150 -1625

Nickel            381006 -708

Lead              190575 -2200

Zinc               398025 -2900

 

Get us on http://www.ripplesadvisory.com click here, more and for Two days Free Trial drop your missed call on -9303093093.

 

केंद्रीय सड़क परिवहन व राजमार्ग मंत्री नितिन गडकरी ने मंगलवार को मध्यप्रदेश के छतरपुर जिले में राजमाग परियोजनाओं के भूमि-पूजन और शिलान्यास करते हुए राज्य को आगामी दो वर्षो में दो लाख करोड़ रुपये दिए जाने का ऐलान किया। इस मौके पर राज्य के मुख्यमंत्री शिवराज सिंह चौहान भी मौजूद थे। छतरपुर के नौगांव में आयोजित समारोह में 1386़ 03 करोड़ रुपये की लागत से निर्मित होने वाले 220 किलोमीटर के आधुनिकतम राजमार्गो का भूमि-पूजन एवं शिलान्यास हुआ। 

 

इसके अलावा अन्य परियोजनाओं का भी भूमि पूजन हुआ।  गडकरी ने राज्य में चल रहे विकास कार्यो और कृषि के क्षेत्र में हासिल की जा रही उपलब्धियों को लेकर मुख्यमंत्री चौहान की सराहना की। उन्होंने आने वाले दो वर्षो में सड़क निर्माण के लिए दो लाख करोड़ रुपये देने की घोषणा की।  उन्होंने बताया, "देश की विभिन्न नदियों का जल-मार्ग में रूपांतरण किया जा रहा है

 

 जिसमें प्रदेश की नर्मदा नदी भी शामिल है।" वहीं, मुख्यमंत्री चौहान ने कहा कि बुंदेलखंड को विकास की दृष्टि से कभी पीछे नहीं रहने दिया जाएगा। राज्य में सड़कों के क्षेत्र में इतिहास रच गया है। सिंचाई के क्षेत्र में तेजी से विकास हो रहा है।More Update Click Here www.ripplesadvisory.com  

 

 इसके परिणाम स्वरूप पंजाब एवं हरियाणा को भी पीछे छोड़ दिया जाएगा।  समारोह में पंचायत एवं ग्रामीण विकास मंत्री गोपाल भार्गव, लोक स्वास्थ्य यांत्रिकी मंत्री कुसुम महेदेले, लोक निर्माण मंत्री रामपाल सिंह, पिछड़ा वर्ग एवं अल्पसंख्यक कल्याण राज्यमंत्री (स्वतंत्र प्रभार) ललिता यादव और सांसद नागेंद्र सिंह भी मौजूद थे।

The Commodities markets require further reforms for the benefits of farmers, noted the Finance Minister in his latest Budget speech. An expert committee will be constituted to study and promote creation of an operational and legal framework to integrate spot market and derivatives market for commodities trading. e-NAM would be an integral part of such framework.

More Update Click Here www.ripplesadvisory.com  

We are provide Stock advisory tips and one day free trial to content this no 9303093093.

GOLD 

SUPPORT: 28200/28350 

RESISTANCE: 28650/28800 

TREND: SIDEWAYS 

 

SILVER 

 SUPPORT: 440700/41000 

RESISTANCE: 41700/42000 

TREND: SIDEWAYS 

 

CRUDE OIL 

SUPPORT: 3460/3530 

RESISTANCE: 3630/3690 

TREND: SIDEWAYS 

 

COPPER 

SUPPORT: 391/395 

RESISTANCE: 401/404 

TREND: SIDEWAYS

Copper futures fell during afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal as China’s week-long Lunar New Year holiday drained the markets of liquidity and direction. 

http://www.ripplesadvisory.com click here, more and for Two days Free Trial drop your missed call on -9303093093.

 

The China’s Shanghai Futures Exchange is closed for the Lunar New Year holiday through to February 2 and will reopen on February 3. Besides, investors also remained warry on uncertainty over US policy after the Trump introduced immigration curbs that sparked criticism globally. Trump's move to ban entry of refugees and people from 7 Muslim majority countries mounted criticism and protests in major American cities. 

 

At the MCX, copper futures for February 2017 contract is trading at Rs 404 per kg, down by 0.10 %, after opening at Rs 402.45, against a previous close of Rs 404.40. It touched the intra-day low of Rs 402.45.

Cement maker India Cements Ltd on Friday said it closed the third quarter of the current fiscal with a net profit of Rs 35.34 crore as compared to Rs 3.16 crore for the quarter ended December 31, 2015.

 

In a regulatory filing with BSE, the company also said its total income has increased from Rs 1,066.13 crore for the quarter ended December 31, 2015 to Rs 1,270.95 crore for the quarter ended December 31, 2016.

 http://www.ripplesadvisory.com click here, more and for Two days Free Trial drop your missed call on -9303093093.

 

Get us on http://ripplesadvisory.com click here, more and for Two days Free Trial drop your missed call on -9303093093. 

Shares of Dredging Corporation of India rose over 3 %on the Bombay Stock Exchange after the company said that it has bagged 102 crore international contract for dredging in Pussur Channel from Mongla Port to Rampal Power Plant, Bangladesh. 

Following the announcement, shares of company gained as much as 3.60 per cent to hit intra-day high of Rs 496.20 apiece on Bombay Stock Exchange. 

 

In a similar fashion, stocks of firm advanced 1.68 per cent to Rs 488.85 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 27,951.10, up 242.96 points, or 0.88 per cent.

Lead futures fell over 2 % during morning trade in the domestic market on Friday as investors and speculators trimmed their positions in the industrial metal amid diminishing physical demand for lead, from battery-makers, in the domestic spot market. Further, a downward trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. 

 

Get us on http://ripplesadvisory.com click here, more and for Two days Free Trial drop your missed call on -9303093093. 

At the MCX, lead futures for January 2017 contract is trading at Rs 159.05 per kg, down by 2.27 per cent, after opening at Rs 160.10, against a previous close of Rs 162.75. It touched the intra-day low of Rs 158.60.

Natural gas recovered from the days low on low-level buying and on the speculation that upcoming cold weather.Natural gas markets have been volatile in recent weeks, changing course rapidly in response to shifting outlooks in short-term weather patterns.Traders are looking ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 105 and 117bcf.

For daily intraday tips and intraday calls click this link http://ripplesadvisory.com

 

  Natural gas on MCX settled down -0.72% at 220.20 while prices rebounded as support seen on low-level buying as prices were in oversold condition also support seen on the speculation that upcoming cold weather. About half of U.S. homes use natural gas for heating. Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 105 and 117bcf in the week ended January 20. 

Total natural gas in storage currently stands at 2.917 trillion cubic feet, according to the U.S. EIA, 12.9% lower than levels at this time a year ago and around 2.6% below the five-year average for this time of year. 

 

Technically market is getting support at 216.3 and below same could see a test of 212.4 level, And resistance is now likely to be seen at 222.6, a move above could see prices testing 225. 

1. सोना एमसीएक्स (फरवरी वायदा) : खरीदें - 28850, स्टॉपलॉस - 28700 और लक्ष्य - 29100.
2. चांदी एमसीएक्स (मार्च वायदा) : खरीदें - 41850, स्टॉपलॉस - 41550 और लक्ष्य - 42300.
3. निकेल एमसीएक्स (जनवरी वायदा) : खरीदें - 675, स्टॉपलॉस - 655 और लक्ष्य - 700.
4. कॉपर एमसीएक्स (फरवरी वायदा) : खरीदें - 398, स्टॉपलॉस - 394 और लक्ष्य - 404.
5. कच्चा तेल एमसीएक्स (फरवरी वायदा) : बेचें - 3610, स्टॉपलॉस - 3635 और लक्ष्य - 3570.

Gold prices were steady on Tuesday as the dollar remained under pressure on signs that United States President Donald Trump would adopt a protectionist stance on trade.

 

Spot gold was mostly unchanged at $1,217.42 per ounce by 0337 GMT, after hitting their strongest since Nov. 22 at $1,219.59 earlier in the session. Spot gold looks exhausted and may again fail to break a strong resistance at $1,219 per ounce before retracing towards a support at $1,196, according to Reuters technical analyst Wang Tao. 

 

U.S. gold futures inched up 0.2 percent, to $1,218.

Trump formally withdrew the U.S. from the Trans-Pacific Partnership trade deal on Monday and told U.S. manufacturing executives he would impose a hefty border tax on firms that import products after moving American factories overseas. 

For daily intraday tips and intraday calls click this link http://ripplesadvisory.com