🆓🚀 Join Us for a Free Webinar to Take Your Automated Trading to the Next Level with SMC 📊
🕓 Date of Webinar: 17th May 2025, 3:30 PM onwards
📲 Register Now: https://tinyurl.com/24un9f77
🎁 Key Benefits of the Webinar:
👉 Faster & more efficient Algo trading
👉 Scalable & reliable trading setup
👉 Learn how to choose the right trading platform
👉 Discover strategies for scaling trading operations using algorithms
👉 Benefit from post-webinar support and resources
🎤 Speaker:
• Kunj Pandey, Sr. Manager, Algo Trading, SMC
• Pawan Kumar Misra, Sr. Manager, Algo Trading, SMC
🕓 Date of Webinar: 17th May 2025, 3:30 PM onwards
📲 Register Now: https://tinyurl.com/24un9f77
🎁 Key Benefits of the Webinar:
👉 Faster & more efficient Algo trading
👉 Scalable & reliable trading setup
👉 Learn how to choose the right trading platform
👉 Discover strategies for scaling trading operations using algorithms
👉 Benefit from post-webinar support and resources
🎤 Speaker:
• Kunj Pandey, Sr. Manager, Algo Trading, SMC
• Pawan Kumar Misra, Sr. Manager, Algo Trading, SMC
✅✅GOLD UPDATE:
💥💥Gold MCX prices have dropped over 4% this week, trading near ₹92,200. The decline is driven by reduced safe-haven demand amid signs of geopolitical easing. Negotiators from both sides met at Istanbul’s Dolmabahce Palace on Friday, hosted by Turkish Foreign Minister Hakan Fidan. Hopes of a potential deal to end the ongoing conflict have pressured gold prices, as easing tensions could further weaken investor demand for the metal.
💥💥Technically Gold June contract on MCX is trading around ₹92,270, down ₹900 or 1%, after retreating from an intraday high of ₹93,550, indicating selling pressure at higher levels. Immediate support is placed at ₹90,890, while key resistance stands at ₹93,000. A decisive move above resistance could reignite bullish momentum, whereas a break below support may trigger further downside. The overall trend remains cautious, with attention on these crucial levels for near-term direction.
💥💥Gold MCX prices have dropped over 4% this week, trading near ₹92,200. The decline is driven by reduced safe-haven demand amid signs of geopolitical easing. Negotiators from both sides met at Istanbul’s Dolmabahce Palace on Friday, hosted by Turkish Foreign Minister Hakan Fidan. Hopes of a potential deal to end the ongoing conflict have pressured gold prices, as easing tensions could further weaken investor demand for the metal.
💥💥Technically Gold June contract on MCX is trading around ₹92,270, down ₹900 or 1%, after retreating from an intraday high of ₹93,550, indicating selling pressure at higher levels. Immediate support is placed at ₹90,890, while key resistance stands at ₹93,000. A decisive move above resistance could reignite bullish momentum, whereas a break below support may trigger further downside. The overall trend remains cautious, with attention on these crucial levels for near-term direction.
📈🆓 Join Us for a Free Webinar on Automated Trading Strategies. 17th May, 3:30 PM onwards. Join Now: https://us06web.zoom.us/j/89977153032
🔸Cotton Update:
✅ Cotton is currently experiencing a weak market tone due to persistently sluggish demand, despite efforts by the Cotton Corporation of India (CCI) to revive interest by reducing prices by ₹500 per candy.
✅ Moreover, Indian spinners are struggling to attract buyers for yarn, as Indian cotton remains costlier compared to other origins. This price disadvantage has further contributed to the bearish sentiment in the market.
✅ Given the ongoing lack of demand, cotton prices are expected to remain under pressure in the coming days unless a significant revival in buying interest is seen..
✅ Cotton is currently experiencing a weak market tone due to persistently sluggish demand, despite efforts by the Cotton Corporation of India (CCI) to revive interest by reducing prices by ₹500 per candy.
✅ Moreover, Indian spinners are struggling to attract buyers for yarn, as Indian cotton remains costlier compared to other origins. This price disadvantage has further contributed to the bearish sentiment in the market.
✅ Given the ongoing lack of demand, cotton prices are expected to remain under pressure in the coming days unless a significant revival in buying interest is seen..
🔸Cotton Update:
✅Govt. on Saturday restricted the import of several products from Bangladesh, including a ban on the entry of readymade garments through the land route, amid growing unease with the interim administration. the directorate general of foreign trade, however, allowed garments, the mainstay of Bangladesh industry, to be shipped via Nhava Sheva and Kolkata ports. The latest move will deal a blow to a significant chunk of the $700 million garment exports to India, a large part of which lands up in stores and on e-comm platforms.
✅This step is likely to support the market prices and generate an additional business of more than INR 1000 crores for the domestic textile industry in coming future. Currently, market is reeling under pressure owing lower buying interest.
✅Govt. on Saturday restricted the import of several products from Bangladesh, including a ban on the entry of readymade garments through the land route, amid growing unease with the interim administration. the directorate general of foreign trade, however, allowed garments, the mainstay of Bangladesh industry, to be shipped via Nhava Sheva and Kolkata ports. The latest move will deal a blow to a significant chunk of the $700 million garment exports to India, a large part of which lands up in stores and on e-comm platforms.
✅This step is likely to support the market prices and generate an additional business of more than INR 1000 crores for the domestic textile industry in coming future. Currently, market is reeling under pressure owing lower buying interest.