Thursday, 22 June 2017

COPPER TREND & INTRADAY LEVELS

DSR Broking 

Copper - Buy 367.80 TGT Made at 372 - 374 SL Below 365.80

R1 - 373.80                     S1 - 364.50
R2 - 378.05                     S2 - 358.60
R3 - 387.10                     S3 - 349.50

  • Copper is now trade in bull run , So don't sell the copper. BUY on every dips.

Trend updated for-Jun/22/2017.CMP-370 Overall trend of the Copper is bearish for medium-long term .Currently Copper is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Copper above 379 or buy with strict stop at 358. The oscillator is showing SELL signal For short term Copper is in HOLD SHORT position.Positionally Support for the Copper is 368-367-365-.Resistance for the Copper is 373-380-

Some Sentiment bad for oil price , Or some good for oil price to move up

DSR Broking

Crude oil is not going down hence, Nigeria and libya also started the oil production 

Increasing production from Libya and Nigeria is an easy culprit for the most recent drop, but this explanation is insufficient since both countries have telegraphed these increases for the better part of a year. These increases were clearly presented at the May OPEC meeting and the market accounted for them at that time. News in June of gradual production increases (Libya +50,000 bpd and Nigeria + 62,000 bpd in August) should not cause a sudden price drop of this magnitude.


THE CORRECT THING IS THAT THE OPEC PRODUCTION IS NOT CUTTING IN MAY MEETING

Note:- The crude oil Supply more grew in 2018. But OPEC County will not take action to cut the output 

Bad  OR Good things for crude oil prices 

OPEC teamed up with 10 other big producers outside the cartel to cap their production through March 2018 at roughly 1.8 million barrels a day lower than levels in October 2016.

But the IEA said the effort is taking longer than expected, in part because U.S. oil producers have come roaring back to life this year. The IEA said it expects U.S. crude supply to grow by 430,000 barrels a day this year, and will grow by 780,000 barrels a day in 2018.



  • proxy for the global oversupply—grew by 18.6 million barrels in April in industrialized nations. Those inventories were 292 million barrels higher than the five-year average, said the IEA, which advises governments on energy trends.
  • In the immediate short term, oil prices could jump on word that tropical storm Cindy has formed in the Gulf of Mexico, prompting some producers to shut down offshore rigs and the Louisiana Offshore Oil Port (LOOP) to stop unloading tankers.




  • Saudi Arabia reports that its oil exports dropped 3% in April and that its oil 
  •            production continues to remain below 10 million bpd.

    NIFTY & BANK NIFTY TREND ANALYSIS & LEVELS FOR TODAY

    DSR Broking

    Updated for-Jun/22/2017 Nifty closed on a slight negative note at 9633 level .So today on upside first intra resistance is at 9658-63 level.Next resistance are at 9702-07,9728-33,9776-81,9825-30 level.On downside first support is at 9609-04 level.Next support are at 9587-83,9566-61,9535-30,9490-85,9444-39,9398-93,9332-27,9297-92,9250-45,9177-72,9129-24,9095-90,9057-52,9030-25,8976-71,8933-29,8860-55,8800-95,8750-45,8700-95,8672-67,8640-35,8596-91,8540-35 level. Market is in bull zone .So today for intraday on upside intra resistance are at 9663 and 9707 level and On downside be alert below 9604 and avoid all longs below 9583 level as selling may intensify below that level . 
    Positional Support for NIFTY 9608 9562 9479 9411 9346 9161 8786 and positional Resistance for NIFTY is 9653 .

    Wednesday, 21 June 2017

    Today top business head lines

    NICKEL TREND & INTRADAY LEVELS

    DSR Broking 

    Nickel - 575.50 - 574 TGT Made at 585 - 590 Sl Below 566 

    R1 - 581.20                       S1 - 566.10
    R2 - 590.30                       S2 - 559.90
    R3 - 605.10                       S3 - 544.70

    Trend updated for-Jun/21/2017.CMP-572 Overall trend of the Nickel is bearish for medium-long term .Currently Nickel is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Nickel if it close above589 or buy with strict stop at 557. The oscillator is showing BUY signal For short term Nickel is in HOLD LONG position.Positionally Support for the Nickel is 569-.Resistance for the Nickel is 583-594-617-643-

    Short term and Intraday Level of NICKEL

    Currently Nickel is in HOLD LONG position In short term Nickel is in strong up trend so hold with stop at 572 The oscillator is showing BUY signal 
    Intraday Trend- Buy is advised above 581.7 with a stop at 566.9 Below 562.7 go for sell with stop at 577.5
    • Intraday Resistance of NICKEL are 580.6 : 587.5 : 596.4 : 603.5 : 608.6 : 613.8
    • Intraday Support of NICKEL are 563.8 : 556.9 : 548.5 : 541.7 : 536.9 : 532.1


    Crude oil Outlook For July Contract

    DSR Broking

    Crude oil - BUY  2770 TGT Made at 2900 - 3000 Sl made at 2680 .
    This target for the july contract . Not for the intraday prospective 

    Trend updated for-Jun/21/2017.CMP-2813 Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Crudeoil is now trading in oversold level. The Crudeoil is now trading in oversold level. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 2780.Resistance for the Crudeoil is 2930-2991-3099-3146-3186-3289-

    Short term and Intraday Level of CRUDEOIL

    Currently Crudeoil is in SELL position The Crudeoil is in downtrend For short term buy only if close above 2908.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing BUY signal 
    Intraday Trend- Buy is advised above 2876.6 with a stop at 2778.5 Below 2749.7 go for sell
    • Intraday Resistance of CRUDEOIL are 2840.8 : 2868.6 : 2914.8
    • Intraday Support of CRUDEOIL are 2785.2 : 2757.4 : 2711.2 

    GTPL Hathway Limited IPO (GTPL Hathway IPO) Detail

    DSR Broking


    Incorporated in 2006, GTPL Hathway Limited is Gujrat based Multi System Operator offering cable television and broadband services. GTPL Hathway is number 1 cable service provider in Gujarat with a market share of 67% of cable television subscribers.
    GTPL Hathway provides digital cable television services in 169 towns across India. We provide cable television signals in both digital and analog modes of re-transmission