Gold has lately outperformed most safe haven assets including Yen, Franc & US Treasuries.
However, normal progress of monsoon and weak rupee may pressurise guar seed prices.
Strategy for MCX Copper June 2019 is Sell on rise in the range of Rs 427-428 with a stop loss of Rs 433 and a target price of Rs 418.
Saudi has plenty of room to boost its production to offset losses from Iran and Venezuela.
Prices are expected to rise on account of geopolitical risks that is rocking oil market.
Money managers have been liquidating their gold portfolios for quite some time now.
According to Deven Choksey NDA-II will speed up economic progress in the country.
"A lot of well-managed midcap consumer businesses are emerging now."
BSE Midcap index advanced 69 per cent in the past five years till May 17, 2019.
After initial euphoria, sanity will prevail, said Umesh Mehta, Samco Securities.
Polarisation within the Nifty pack suggests the time is ripe to go for some rebalancing.
Growth has been propped up recently almost solely by government expenditure.
The market is at elevated valuation on all counts, said Vinod Karki of ICICI Securities.
Andrade believes the much awaited earnings recovery is at the most two years away.
Most analysts are cautious and say investors should stay away from auto stocks.
Net buying by central banks reached 145.5 tonnes in the first quarter of 2019.
The crude oil market is closely watching the development of the China-US trade talks.
Portfolio diversification with returns is one reason to buy gold this Akshaya Tritiya.
The strategy for MCX Gold June 2019 contract would be to buy in the Rs 31,850-31,900 range.
Gold’s intermediate trend is negative, as gold is trading below its 200-day moving average.
Chinese is steering more money towards consumption rather than heavy industrial sectors.
The EIA reported that US crude inventories rose to their highest level since November 2017.
Coriander futures crossed the Rs 7,000 level for the first time in April after two years.
Any minor correction from the current level would be an opportunity to buy gold again.
WTI crude prices may touch $70-75, though near this level, we may see a breather in rally.
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