New Delhi: The prices of Crude oil universally were discovered to be on a constant balancing this Friday among the anticipations that OPEC would declare to impose power-cut in its upcoming meeting.

  • According to the recent source, soon after America’s President Donald Trump conveyed his mixed feelings regarding the probability of a commercial deal with the Beijing which further resulted in the sudden change in a dollar, rates of the Gold were range bound. The prices of Crude oil, which was previously sold at the rate of 3,602 INR per each barrel in the local futures market has now been reduced by 31 INR. Reports suggest that the rate of MCX silver have been lowered by 39 Rs while it was earlier traded at the rate of 35,575 INR per Kilogram. At the same time, the price of the MCX gold which was sold at Rs 30,183 per 10gms is now lowered by 21 Rs. Here is the estimation some famous reports have discovered in respect to certain products from SMC global. Let’s have a look:
  • Bullion – While Gold is assumed to grasp a support of no less than 30,300 and resistance close to Rs 30,600, Silver is predicted to get the resistance of 36,300 Rs whereas support of 35,800 Rs.
  • Base Metals – The base metals are anticipated to be sold with one-sided bias. While copper might get a support around 428 Rs, it is assumed to cope with the resistance near 438 Rs. The following figures for Lead are 132 and 138. On the other hand, Zinc would take a support near 180 Rs and the resistance near 173 Rs. What’s more? Nickel is supposed to draw a support of 760 Rs whereas its resistance can be near 780 Rs.
  • Energy – Post-Thursday’s sudden drop, crude oil is anticipated to observe some short covering. As per the reports, there would be a reduction in the prices of crude oil near Rs 3,570 despite the fact that its resistance is around 3,700 Rs.
  • Spices – Turmeric prospects (December) are relied upon to be mixed in the scope of 6,350 to 6,500 INR. At the same time, Jeera prospects are probably going to see solidification in the scope of Rs 18,600-18,900, with a drawback inclination. Coriander futures may keep on grasping the support of no less than 6,200 Rs.
  • Oil Seeds – While Soybean Futures are anticipated to get a support of 3,340 to 3,330, mustard tends to deal sideways to down in the scope of 3,960 to 4,010 Rs. Another commodity i.e. CPO is expected to take a support around 490 Rs and resistance near 485 Rs.
  • Other commodities – The cotton futures are supposed to deal sideways in the scope of 21,500 to 21,800 INR. Chana futures are assumed to deal with the resistance of 4,200 Rs and are likely to get a higher support.

Start Trading Now

Share this Post

Get The Latest Updates

Related Posts

The Share Market A Guide to Trading (2)

The Share Market: A Guide to Trading – Gill Broking

It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

We are here to assist you !
Fill out the form and Start Trading...