Silver futures were trading flat during evening trade in the domestic market on Thursday as rising expectation that the US Federal Reserve may raise interest rates in 2016 dimmed the lure for the precious metal as a store value.
Fed New York President William Dudley said that he sees the world’s top central bank tightening interest rates before the end of the year if the US economy remains on track.
Meanwhile, traders are eying the European Central Bank policy meet for cues on whether it extends its bond buying program slated to end next March.
At the MCX, silver futures for December 2016 contract were trading at Rs 42,228per kg, up by 0.08 per cent, after opening at Rs 42,350, against a previous close of Rs 42,194. It touched the intra-day high of Rs 42,385
About Money99
Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.
0 comentários:
Post a Comment