Market Update

Market Watch

Thursday, 21 March 2013

Mcx News Today


“MCX-SX will introduce liquidity enhancement scheme (LES) in equity and equity derivatives segments with effect from March 6, 2013,” the stock exchange said in a statement.
           This is the first national exchange in the country to offer incentives for liquidity enhancement in the equity cash market, it added.
     Under the scheme, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in those securities which have limited trading activity.
          There are more than 2,000 illiquid stocks on leading exchanges. The exchange said the scheme would benefit participants across various segments of the market.
          MCX-SX said the market maker performing up to 90 per cent of their obligation during the month in 25 securities would be entitled to receive an additional incentive of Rs 21 lakh per month. In case of 40 securities, the member would be entitled to receive an additional incentive of Rs 50 lakh per month. 

Mcx Tips Today

GOLD:
Trend updated for-Mar/21/2013.CMP-29681 Overall trend of the Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29452-29374-29364-Resistance for the Gold is 30114-30391-30679-

SILVER:
Trend updated for-Mar/21/2013.CMP-54331 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Silver above 55722 or buy with strict stop at 53373. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 54031-.Resistance for the Silver is 54736-54763-56310-57079-58362-

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