14 Dec 2011 Commodity Technical Calls  20:51






MCX Gold Feb 2012 Short below 28715 (closing) Trg 28455,28292 with a strict sl of 28920


MCX Silver Mar 2012 Short below 55860 (closing) Trg 55640,54920 with a strict sl of 56900


MCX Crude oil Dec 2011 : Exit Long or keep trail sl of 5178.


MCX Copper Feb 2012 : Ready to zoom above 417 strict sl 409 for trg 426


For any quesries mail us on ifclpune@gmail.com

13 Dec.2011 Closing Market Updates  15:50

Market opened with a week note because of global scenario but in last half an hour short covering and hope on RBI policy pulled market to end in positive. Nifty jumped nearly 85 points to end at 4819.9 with a gain of 55.3 points over the day.Sensex gained 191.63 points to end at 16061.98.


Among BSE Sectoral Indices, just two indices ended into red, which are Consumer Durable(-1.93%) and Capital Goods by -0.41%.Metal index was the top gainer by 2.74% followed by Auto, Oil&Gas, Power and Realty.
In Nifty50 stocks, Hindalco was the top gainer by 6.19% and ended at 131.2 whereas Rpower was the top loser by 3.36% and ended at 79.05.
Advance/Decline ratio was negative as 898 stocks declined and 520 stocks gained today on NSE.
Major Global Index :
Hang Seng : -128.49
Nikkei : -99.76
FTSE : +21.95
CAC : +4.46
DAX : +37.17
Dow Futures : +46.00
Nasdaq Futures : +4.25

9th December,2011 Closing Market Updates 15:52

Market witnessed fall on the last session of the furious week.Volatile market recovered later but dove again into negative. Nifty dropped 80.35 points and ended at 4866.7 and Sensex ended at 16201.12 with a fall of 287.12 points.
All BSE Sectoral Indices ended into negative territory.Capital Goods Index was the biggest looser by 2.68% followed by Auto and Oil&Gas with 2.34% and 2.17% respectively.
In Nifty50 stocks, Sail was the top looser by 5.65% and ended at 82.7 whereas RPower was the top gainer by 1.26% and ended at 84.6
Advance/Decline ratio was negative as 976 stocks declined and 445 stocks gained today on NSE.


Major Global Indices :


Hang Seng : -521.58
Nikkei : -128.12
FTSE : -9.24
CAC : +16.94
DAX : +17.58
Dow Futures : +23.00
Nasdaq Futures : +1.25

5th Dec 2011 Closing Market Updates  17:30

As per published in the previous blogs Nifty bounded between 4660 and 5070.Today we have witnessed flat closing as Nifty lost 13.65 points and ended at 5036.5 and Sensex closed at 16805.33 with a drop of 41.5 points.
Among BSE Sectoral Indices, Power Index gained the most by just 0.86% and Metal Index was the top loser by 0.9%.
JPAssociates was the top gainer in Nifty50 stocks, ended at 69.05 after gaining 2.6% whereas HCLTech was the top loser with 2.46% and ended at 2.46%.
Advance/Decline Ratio was negative as 722 stocks declined and 681 stocks gained today on NSE.


Major Global Indices : 


Hang Seng : +139.3
Nikkei : +52.23
FTSE : +32.5
CAC : +39.85
DAX : +42.83
Dow Futures : +100.00
Nasdaq Futures : +18.75

Global markets welcome the move of federal reserve

1st December,2011
Global markets rallied after the Federal Reserve and five other central banks together moved to ease the flow of funds to banks hit by Europe’s debt crisis, and China cut the level of cash that banks have to set aside as reserves.
The Federal Reserve and the central banks of the euro area, Canada, the U.K., Japan and Switzerland agreed to reduce the cost of offering dollar financing through swap arrangements.
Hopefully, tomorrow Indian markets will open with a gap.
Nifty resistance : 4920/5070
Nifty support : 4715/4660
Banking and Infra/Realty stocks will zoom.

Nifty marked new low after Nov.2009

23 Nov 2011 Closing Market Updates 16:28

Market ended with a new low after 3rd Nov.2011. Today Nifty made a new low of 4640.95 and closed at 4706.45 after recovering nearly 65 points. The sudden fall after breaking 4730 level initiated due to margin calls in heavyweights. Market witnessed 2.3 trillion turnover today. As mentioned earlier, Nifty took support around 4660, now next support is at 4340 and immediate resistance is at 4850.

In BSE Sectoral indices, Consumer Durables' index closed positively by gaining just 0.49%. Capital Goods index was the major loser by 3.04% followed by Teck(-2.65%), IT(-2.48%), Oil&Gas(-2.41%), Bankex(-2.4%), Power(2.15%) and Metal by 2%.

In Nifty50 stocks just 4 stocks gained today among those, NTPC was the top gainer by 1% and ended at 157 whereas BPCL was the top loser by 5.34%, ended at 494.05.

Unitech was the most active stock by the traded quantity whereas SBI was the turnover topper by the traded value on NSE.

Advance/Decline Ratio was negative by 3.74:1 as 1156 stocks declined and 309 stocks gained today on NSE.

Major World Indices :

Hang Seng : -387.16

Nikkei : -33.53

FTSE : -45.35

CAC : -14.39

DAX : -40.57

Dow Futures : -57.00

Nasdaq futures : -10.00

World Markets Meltdown : And the time to bet on opportunity cost

World Markets Meltdown : And the time to bet on opportunity cost


Nikkei : -0.32%
HangSeng : -1.44%
Sensex : -2.60%
Nifty : -2.60%
FTSE : -2.62%
CAC : -3.41%
DAX : -3.35%
Dow Jones : 
Nasdaq :
MCX Gold(5 Dec Fut) : -0.83%
MCX Silver(5 Dec Fut) : -2.27%




Major resistance for Dow Jones Industrial Average is at 12200.

U.S. stocks were sharply lower by the close of European trading following media reports that a Congressional supercommittee has failed to agree on a plan to cut at least $1.2 trillion from the U.S. deficit over 10 years.

U.S. is facing a debt problem, not so much in the near term but in the years to come when an aging population will combine with the most expensive per-capita health care in the world — more than double that of France! — to send the federal deficit skyrocketing.

The euro-zone debt crisis was also in the spotlight. Moody’s Investors Service warned that rising French government borrowing costs and a wobbly economic outlook threaten the country’s AAA-rating outlook.

Rising French government borrowing costs and an uncertain economic outlook continue to pose a threat to the outlook for France's AAA credit rating, Moody's Investors Service said Monday. According to Alexander Kockerbeck, senior credit officer, the elevated borrowing costs persisting for an extended period would amplify the fiscal challenge the French government faces amid a deteriorating growth outlook, with negative credit implications.At the same time, the U.S. economy is still crawling, hemmed in by the debt overhang from the housing bubble crash and that subsequent Great Recession. So to simply take a knife to spending or jack up taxes risks not just sending the economy into a tailspin but potentially making the deficit problem even worse, because of the cost of unemployment benefits and other payouts that are triggered when the economy turns down.

Nifty below 4800,Sensex breached 16k mark; USD/INR above 52

21st Nov.2011 Closing Market Updates 17:15

Market closed in negative for the 8th consecutive session. Euro debt crisis and depreciating INR verses US$ were the big concerns for the fall of first day of the week Nifty fell 2.6% to close at 4778.35 whereas Sensex collapsed 425.41 points to settle at 15946.1. Nearest support for Nifty will be at 4660. But we expect before starting new southward journey market will bounce back to resist at 4890/4950/5035/5165.
All BSE Sectoral Indices closed in red.Metal was the top loser by 3.46% followed by Bankex(-3.24%), Realty(-3.04%).
In Nifty50 stocks, Sail was the top loser by 6.57% and ended at 88.1. Maruti was the top gainer by 0.79% and ended at 948. Suzlon was the most active stock on NSE by the traded quantity and SBIN was the turnover topper on NSE by the traded value.
Advance/Decline ratio was negative(3.2 :1) as 1112 stocks closed into negative and 346 stocks closed in positive.

Major Global Indices :


Hang Seng : -265.38
Nikkei : -26.64
FTSE : -110.41
CAC : -78.57
DAX : -147
Dow Futures : -170.00
Nasdaq Futures : -22.00

What if the US dollar is 100% backed by gold and silver?

The US Federal Government is spending about $1.6 trillion more than they take in from taxes, which is $1600 billion. The US national debt increased by $400 billion in the last 3 months, which confirms the numbers. They are not able to fix this problem any time soon. This problem could not be fixed even if they taxed incomes at rates of 100% per year. And they are mostly just printing this money, which creates inflation, which means that prices will go up, for everything, including, and especially, for Silver and gold.

Today, in the USA, only about $3.5 billion is being spent annually on silver, (estimated at 100 million oz. x about $35/oz.) and only about $3.4 billion is being spent annually on physical gold (estimated at 2 million oz. at about $1700/oz.), for a total of only about $7 billion spent on precious metals to protect itself from inflation. But the USA has about $18 trillion of cash, savings, and short term bonds in the banking system.

So, mathematically the reality is that new money creation is about $1600 billion, out of $18,000 billion, which is an annual increase of nearly 9%, and yet only $7 billion out of $1600 billion of new money creation is being spent on precious metals, which is only 0.4%, or expressed another way, is only $1 out of every $229 dollars of newly created money being spent on silver and gold, and only $1 out of $2,571 of money in the banks is being spent on silver and gold, which is only 4% of 1%.

"What if 100% of US paper money had to be backed by all the US gold that the US government is likely to have left?"

What happens when the entire US money supply is spent on Silver and gold, over a nice, slow pace, of over an entire year. Now, think about that again. This is still well before hyperinflation really kicks in, well before people are spending their entire paychecks on silver and Gold the instant that they get paid, and well before the government starts printing new money with several more zeroes at the end of it.

So, coming back to the question, what if 100% of US money is spent on silver and gold in a year? $18 trillion, or $18,000 billion. Half for gold is $9,000 billion, spent on, say 2/3rds of world gold production of 75 million oz., would be 50 million oz. $9,000,000 million spent on 50 million oz. leads to a price of$180,000/oz. for gold. And if $9,000 billion is spent on 2/3 of world annual silver production of 700 million oz., which is 467 million oz., that would be $19,272/oz. for silver.

It's a very simple calculation $18 trillion divided by 261 million oz. of official US gold = $68,966/oz. Given the previous calculations, silver could hit a 10 to 1 ratio to gold, which would be about $7,000/oz.This is what the gold and silver prices "should" be, given the givens of honesty, and living up to the basic pledge of FDIC "government" insurance on all bank accounts.

- Jason H.

Think and Act.

Gold Resistance at around $1804 and support at around $1678

Silver Resistance at ROUND $35.1 and support at around $28.3

Open a free commodity with us before 31st dec. 2011.(No hidden charges).

17th Nov 2011 Closing Market Updates

17th Nov 2011 Nifty breached 5000 mark 17:50

Market ended at day's low after selling by FIIs. Major heavyweights like Realince,Ranbaxy,Tatmotors,Maruti,Bhel lost their grounds. Uncertainty in Europe added to the woes. 
With a reference to our blog published on 26th Oct, market resisted at 5400 level and traveled South sided. 
Nifty closed under 5000 mark for the first time after 11th October,2011 which touched almost 5400 on 28th Oct.,2011.
All BSE Sectoral Indices closed into negative. Oil & Gas Index was the major loser by 3.39% followed by Power, Metal and Realty Indices.
Relinfra was the major gainer in Nifty 50 stocks by 1.14% gain and closed at 417.5 whereas JPAssociate was the top loser by 6.43% and ended at 62.6
Advance/Decline ratio was negative(2.71:1) as 1068 stocks declined and 394 gained today on NSE.
Major World Indices :


Hang Seng(Closed) : -143.43
Nikkei(Closed) : +16.47
FTSE : -87.64
CAC : -44.14
DAX : -68.20
Dow Futures : +14.00
Nasdaq Futures : +2.75