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PRITAM PATNAIK
Commodity Talk: Bullion volatility is here to stay in near term, says Pritam Patnaik of Axis SecuritiesThe diverse reading conveyed that the Federal Reserve might not immediately resort to more rate hikes to bring inflation to its long-standi...- Commodity Talk: Expect range-bound movement in oil prices amid demand slowdown: Pritam Patnaik of Axis SecuritiesSaudi Arabia's decision to cut oil production by 1 million barrels per day (bpd) in July, along with the other OPEC+ countries extending th...
- Commodity Talk: Direction in crude oil only after US debt ceiling resolution: Pritam Patnaik of Axis SecuritiesOff late, prices have been confined within the range of $69 and $74 for WTI and $74 and $78 for Brent. We expect this range to hold until a...
- Commodity Talk: Base metal prices likely to remain range bound, albeit with positive bias, says Pritam Patnaik of Axis SecuritiesGlobally, copper inventories are diminishing and things are expected to get worse around September this year, as we could witness some upti...
- Gold rate today: Yellow metal trades flat; silver tops Rs 68,000Ravi Singh, Vice President and Head of Research, ShareIndia said that after the Fed rate hike, investors are now profit booking and coverin...
- After a gap of nine months, gold ETFs witness inflows“HNIs or retail investors both invest in ETF, here in India, as well as major ETFs abroad. This is due to global geo-political uncertaintie...
- Gold Rate Today: Gold surges to all-time-high as US-China trade war escalatesGlobally, spot gold prices rose over 1 per cent.
- After a sharp rally, gold prices may correct; that’ll be chance to buy on dipsDomestic gold prices tracked overseas prices and remained higher during the week gone by.
- Crude oil on route to breach $50 level; traders should sell on riseBrent August 2019 contract on ICE could remain in the range of $57-$64 this week.
- Gold rally comes to a halt, but will resume soon: Buy on dipsWeaker-than-expected US jobs data propelled gold prices to three-an-a-half months high.
- Data prints from US suggest it is time to go bottom fishing in goldThe strategy for MCX Gold June 2019 contract would be to buy in the Rs 31,850-31,900 range.
- Base metals, gold in for tough times; crude oil all set to rallyChinese is steering more money towards consumption rather than heavy industrial sectors.
- Gold to lose sheen on strengthening of dollar, but long-term trend still positiveThe slow progress of US-China trade talks is likely to drag on for a couple of months.
- Crude oil on a slippery slope, but traders continue to be bullishTraders have increased their long only trades by 5 per cent last week, the most since July.
- Gold continues to glitter: Global slowdown worries augur well for the yellow metalBullish trend in gold is expected to continue, both fundamentally and technically.
- Crude oil prices on a slippery slopeTraders can look at creating longs only when WTI crude is trading close to $50 a barrel.
- Commodity outlook: Aluminium, steel buck trend; likely to gain on China’s supply constraintsAluminium and steel are expected to continue their uptick, but traders need to be careful.
- Crude oil needs to top $65 level to extend rallyThe Opec and allied nations have reaffirmed their commitment to head off any supply glut.
- US-China to dictate market trend; weakness to continue in base metalsUnless some of the negative news abate, some more selloff could be seen in base metals.
- Rupee recovers a bit, opens 15 paise higher at 68.64The rupee on Friday posted a mild recovery after hitting its all time low level a day ago.
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