Stock Market Review & Report 24 May 2012

Precious Metals

Gold opened the session on a negative note and rallied to an intraday high of  Rs29084  levels but not sustained at higher levels and corrected to an intraday low of Rs28831 levels finally closed the session at Rs28969 levels. Rs28800 is strong support levels for gold in the near term. Sustenance above the same will see the gold price heading towards Rs29200–Rs29300 levels.

Silver traded the session on a negative note to close the session at Rs53818 levels.Rs53500 is good support for silver in the near term. Sustenance above the same will see the silver price heading towards Rs54500 – Rs55000 levels.

 Base Metals & Energy

Nickel opened the session on a flat note and rallied to an intraday high of Rs948.6 levels but not sustained at higher levels and finally closed the session at Rs942.8 levels. Rs948– Rs950 is stiff resistance for nickel in the near term. A close above the same will see the nickel price heading towards Rs962 – Rs 965 levels.

Copper traded the session on a negative note to close the session at Rs426.3 levels. Near term support for the copper is placed at Rs424 - Rs425 levels. Sustenance above the Rs 424 levels will see the copper price heading towards Rs 432 – Rs 435 levels.

Crude oil opened the session with a negative gap and rallied to an intraday high of Rs 5154levels but not sustained at higher levels and corrected to an intraday low of Rs 5066 levels and finally closed the session at Rs 5087 levels. upside rally in the crude oil is only possible if it close above its short term moving average placed at Rs 5120 levels on the daily chart.

MCX ALUMINIUM MAY Rs111.25

We recommend traders to buy above 111.60 levels with a stop loss placed below Rs110.85 levels for upside targets of Rs113/ Rs113.5 levels.

Significance of Examining the Inventory Industry Movement

Financial interacting is well guided by a specialized and a little bit complete system. It is in this lighting that investors need to know several requirements aspects about the industry. One of the best things to do in this lighting is to observe and understand stocks and shares activity. This is particularly appropriate when it comes to discuss interacting or interacting. Further, there are actually lots of benefits and benefits of looking into this that create it as well really essential.

It is commonly known that stocks and shares activity is somehow intermittent but with the help of some resources, a investor may be able to estimate its most probably motions later on. However, it must be mentioned that no matter how difficult a investor or economist try to estimate what will occur to the industry later on, there will never be an actual prediction. The prediction will only be close to the real expected value. If the expected value suits the real value or stocks and shares activity, then it is only often only success. There is still no difficult technology that can help people estimate what will occur to stocks and shares. After all, it will no longer be complicated if the industry is too foreseen.
Further, stocks and shares activity is also intensely suffering from several aspects. Some of these consist of the economical anticipates, current governmental matters as well as public reports.
On the one side, economical anticipates are very essential in impacting the motions of stocks and shares. This is because if the economical and progression organization in a nation released a prediction of the economic climate in the next one fourth or year, then the companies will absolutely respond from it. They might even modify their formerly made choices to live and play the industry. It is in this lighting that there are so many marketers who are always acutely tracking different anticipates.
On the other side, the governmental matters of a nation also impact stocks and shares activity whether we like it or not. For example, when a nation changes management after an selection, the systems, tasks and goals of the new govt might be different from the past ones. Hence, the guidelines of the state will absolutely be modified as well. In this lighting, the private industry will respond to the new pushed of the new govt. They will create their goes and plans in synchronize with what is the right thing to do for their business to endure.
It is in this lighting that tracking stocks and shares activity is very essential and essential. Further, a investor who is interesting in discuss interacting needs to be aware of what are occurring in the marketplace, whether it is economical, social or even governmental.
IndependentInvestor.co.uk is an online interacting source site, offering details and advice to economical investors across several professions and interacting designs. For those looking for more details on stock market activity, agent opinions, as well as other equipment such as economical propagate gambling.

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