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MCX Gold opened with a gap up and is trading near ₹155,200, up 0.46%. Immediate resistance is at ₹155,500-156,000, and a break above targets next resistance at ₹158,000-158,600. Immediate support is at ₹153,300-152,700, with next support at ₹150,700-150,000. RSI at 69.28, still elevated, reflects strong momentum, though some consolidation near highs would be healthy. Bias stays constructive above ₹153,300, with a hold needed to retest ₹158,000; a slip below ₹152,700 risks a deeper pullback. COMEX Silver COMEX Silver opened at $65.060 and is trading near $65.780, up 1.03%. Immediate resistance is at $67-67.500, and a break above targets next resistance at $70.000-70.500. Immediate support is at $63.5-63.000. RSI at 62.32, rising, confirms renewed bullish momentum. Silver continues to benefit from strong industrial demand. Bias stays constructive above $65.000, with a hold needed to retest $67.000; a slip below $63.681 risks a pullback toward $61.000. MCX Silver MCX Silver opened with a gap up and is trading near ₹237,645, up 0.73%. Immediate resistance is at ₹240,000-241,000, and a break above targets next resistance at ₹245,000-246,000. Immediate support is at ₹232,000-231,000, with next support at ₹226,000-225,000. RSI at 60.10, rising, reflects steady bullish momentum. Bias stays constructive above ₹235,000, with a hold needed to retest ₹241,000; a slip below risks a pullback toward ₹226,000. MCX Crude Oil MCX Crude Oil opened flat to trade near ₹7,870, holding range-bound at higher levels after rejection from long-term resistance near ₹8,050. Immediate resistance is placed at ₹7,900–₹7,950; a sustained move above this could rebuild strength toward ₹8,000–₹8,050 near previous highs. On the downside, ₹7,800 acts as immediate support; a break below could extend the decline toward ₹7,750–₹7,700. Price trades above all major EMAs, with MACD confirming a bullish crossover while RSI holds at 51, keeping the bias cautiously bullish. A decisive break above ₹7,900 would open room for further upside, while a slip below ₹7,800 would keep the range-bound tone intact. US WTI Oil US WTI Oil opened flat near $82, holding a range-bound tone between $81 and $83 after rejection from highs near $84.50. Price is capped just under the 100-day EMA, which now marks the immediate hurdle at $82.50–$83; a decisive close above this would break the consolidation and open room toward $84–$85 near previous highs. On the downside, $81.50–$81 acts as immediate support; a slip below could push price out of the range and extend the decline toward $80. MACD holds a bullish crossover while RSI sits neutral at 52, keeping the bias cautiously bullish, with the $82.50–$83 zone the key hurdle to clear for further upside. USD/INR USD/INR has extended its recovery to trade near the ₹95.5 zone, breaking out of the ₹95.3–₹95.4 consolidation range and testing its ascending trendline resistance. Immediate resistance is seen at ₹95.6–₹95.67; a sustained move above this level would confirm a breakout above the trendline and could pave the way for a move toward ₹95.75–₹95.80, bringing the ₹96 mark into near-term focus. On the downside, the ₹95.5–₹95.45 zone is expected to act as immediate support. A break below this range could pull the pair back into the ₹95.3–₹95.4 consolidation zone. The pair continues to trade above all major EMAs, while the MACD is approaching a bullish crossover and the RSI remains around 51, suggesting improving upward momentum. The near-term bias remains tilted higher for USD/INR, with a sustained move above ₹95.6 signalling renewed weakness in the rupee, supported by firm dollar demand and limited effectiveness of domestic intervention.

Equity, Commodities & INR Market Opening Outlook from Ponmudi R, CEO of Enrich Money, outlining the key market trends observed at the opening bell. Indian equity markets opened on a subdued note, with broad-based selling pressure weighing on benchmark indices. PSU banks and information technology stocks emerged as the biggest drags in early trade, both declining more than 1% and weighing on overall market sentiment. Investor caution remained elevated as the U.S.-Iran diplomatic impasse showed little sign of resolution. Continued uncertainty surrounding the Strait of Hormuz, coupled with slowing tanker traffic through the strategic shipping corridor, has renewed concerns over potential energy supply disruptions and kept risk appetite subdued. With the current U.S.-Iran memorandum nearing expiry and negotiations making little progress, geopolitical developments continue to dominate market sentiment. WTI crude oil remained elevated in the $82–83 per barrel range, keeping energy prices firmly in focus. The Indian rupee also remained under pressure, weakening toward the ₹95.5-per-dollar mark as elevated crude oil prices and persistent geopolitical uncertainty supported dollar demand. Market participants will continue to watch for signs of Reserve Bank of India intervention, which could help contain excessive volatility in the currency. Technical view Nifty 50 Nifty 50 opened marginally lower near the 24,343 mark and quickly slipped below the 24,300 level, indicating continued weakness at the start of the session. The 24,300–24,250 zone remains the immediate and crucial support, and sustaining above this zone will be important to prevent further downside and avoid an intensification of selling pressure towards the 24,000 psychological mark. On the upside, a sustained move above 24,400 will be essential to improve the near-term sentiment and support a recovery towards the higher resistance zone of 24,600–24,700. Until this level is reclaimed, recovery attempts are likely to remain subdued. Momentum indicators remain neutral to cautious, with the RSI trending around the neutral 50 mark, indicating a lack of strong directional momentum. Overall, the opening setup remains cautious, with 24,250 acting as the key downside level and 24,400 as the immediate upside trigger. Bank Nifty Bank Nifty opened on a lower note near the 57,418 mark, with heavy selling pressure evident in the PSU banking sector dragging the index quickly below the 57,200 mark in the early trade. A sustained break below this level could further weaken the broader structure and intensify the decline toward the 57,000–56,800 zone. On the upside, the 57,400–57,500 band, which previously acted as support, now likely flips to immediate resistance, followed by a stronger hurdle at 57,800–58,000. Momentum has turned distinctly negative, with the RSI drifting sharply lower to hover around 47 and registering a bearish crossover, reinforcing the weaker near-term tone. overall, with support turning to resistance and momentum indicators confirming the shift, the bias has turned cautious to negative. Reclaiming 57,400–57,500 would be the first sign of stabilization, while a break below 57,200 keeps the path open toward 57,000–56,800. COMEX Gold COMEX Gold opened at $4,440.0 and is trading near $4,452.4, +0.34%. Immediate resistance is at $4,470-4,500, and a break above targets next resistance at $4,600-4,630. Immediate support is at $4,400-4,370, with next support at $4,300-4,270 (100/200-EMA confluence). RSI at 66.20, still elevated, reflects a strong uptrend that recently paused for a healthy pullback rather than reversing. Bias stays constructive above $4,400, with a hold needed to retest $4,500; a slip below $4,370 risks a deeper pullback toward $4,300. MCX Gold

Both targets done ✅

Target 400+ done ✅

BUY BANKNIFTY 57300 PE 25 AUG ABV 350 SL 300 TRGT 400/430 Disclaimer : https://enrichmoney.in/download/disclosures_in_research_reports.pdf

Morning Market Outlook by Ponmudi R, CEO of Enrich Money, a SEBI registered online trading and wealth tech firm. Indian equity markets are expected to remain range-bound with a cautious bias as persistent geopolitical tensions in the Middle East continue to restrain risk appetite. Ongoing disruptions to regional shipping, Iran's assertion that the Strait of Hormuz remains under its control, and renewed Israeli strikes in Lebanon have heightened concerns over further escalation and prolonged disruptions to global energy and trade routes. WTI crude oil remains elevated but relatively stable around the $82 per barrel mark. Meanwhile, gold is holding steady near $4,400 as investors assess incoming U.S. economic data and expectations around the Federal Reserve’s monetary-policy path. The minutes of the Federal Reserve's July policy meeting, due on Wednesday, will be a key focus for global markets. Investors will look for greater clarity on the extent of the policy divide within the FOMC and any signals on the Fed's September policy outlook, with implications for U.S. Treasury yields, the dollar, and capital flows into emerging markets. Technical Views Nifty 50 Nifty 50 is likely to remain under pressure at higher levels, with the broader technical picture staying cautious in the wake of recent weakness. Repeated bouts of selling near elevated levels point to a lack of sustained buying conviction from the bulls. On the upside, 24,500–24,600 stands as the key resistance zone; clearing 24,600 decisively is the prerequisite for any meaningful improvement in sentiment, with a move above this level opening the door to the 24,800–25,000 range. On the support side, 24,250–24,300 emerges as the critical zone to watch. Holding this band is essential to avert deeper weakness and keep the current range-bound setup intact. A decisive break below 24,250, however, could accelerate selling pressure pulling the index down toward the psychologically important 24,000 mark. Overall the near-term stance remains cautious. Bank Nifty Bank Nifty is likely to stay within a defined range, contingent on the index holding above the 57,400–57,500 support band. On the upside, 57,800–58,000 emerges as the key resistance zone; a decisive breakout beyond 58,000 would strengthen buying interest and open the path toward the 58,300–58,500 region. On the downside, immediate support is placed at 57,500, with a secondary cushion at 57,200–57,000. Maintaining levels above 57,400 remains essential to preserve the ongoing recovery structure, whereas a confirmed break below 57,200 could trigger renewed profit-booking and weaken the near-term outlook. Overall, the near-term outlook remains cautious, with 58,000 acting as the key upside trigger and 57,400–57,200 serving as the crucial support zone.

The Indian rupee displayed notable resilience during the week, holding largely range-bound near the ₹95.40 mark against the U.S. dollar despite a sharp rise in crude oil prices. The currency remained broadly stable, suggesting that supportive domestic factors helped offset the impact of elevated energy prices. Immediate support for the rupee is seen in the ₹95.20–₹95.00 zone. A sustained move below this range would strengthen the rupee further, while the ₹95.45–₹95.60 zone is expected to act as immediate resistance. A decisive move above this level could weaken the rupee toward the ₹95.80–₹96.00 range. The near-term outlook remains cautiously biased toward mild rupee weakness, contingent on the direction of crude oil prices and broader geopolitical developments.

MCX Gold closed the week sharply higher at ₹1,54,506, up +1.77%, extending its rally for a fourth straight week and trading well above its 20-week and 50-week EMAs. The daily RSI has surged to 68.30, reflecting strong bullish momentum across both timeframes. Immediate resistance is placed at ₹1,55,500–₹1,56,000, followed by the next resistance zone at ₹1,58,000–₹1,58,600. On the downside, immediate support lies at ₹1,53,300–₹1,52,700, with the next support at ₹1,50,700–₹1,50,000; a break below ₹1,50,000 would stall the current rally. With price making consistent higher highs and RSI still not in overbought territory, the broader trend remains firmly bullish, favouring buying on dips. MCX Silver MCX Silver closed the week higher near ₹2,36,000, up +1.93%, after a strong bounce off the ₹2,15,000 zone. The weekly RSI is largely flat at 51.18, while the daily RSI has jumped to 58.64, showing improving short-term momentum even as the weekly trend remains tentative. Immediate resistance is placed at ₹2,40,000–₹2,41,000, followed by the next resistance zone at ₹2,45,000–₹2,46,000; a sustained close above ₹2,45,000 would confirm a more decisive breakout. On the downside, immediate support lies at ₹2,31,000–₹2,30,000, with the next support at ₹2,26,000–₹2,25,000; a break below ₹2,30,000 would weaken the current recovery attempt. Overall, price is consolidating just under a 20-week EMA, and how it behaves around ₹2,35,000–₹2,36,000 in the coming week should set the tone for the next directional move. NYMEX Crude Oil NYMEX Crude oil reversed sharply higher this week, breaking above its earlier resistance zone as the US ramped up economic pressure on Iran to reopen the Strait of Hormuz, with Treasury Secretary Scott Bessent signaling further measures ahead and the IEA warning of a widening global supply deficit. WTI closed near $82.40, up over 5.4% for the week. Immediate resistance stands at $83.60–$85; a sustained move above this could extend prices toward $87–$88. On the downside, $80–$78 acts as immediate support, with a break below easing momentum toward $76. The bias has turned cautiously bullish, a reversal from last week's downside tilt. MCX Crude Oil MCX Crude Oil closed the week strongly higher at ₹7,870, up +6.01%, holding above its 20-week EMA after a sharp rebound from the ₹7,412 low. The daily RSI at 52.57 reflects a modest improvement in short-term momentum. Immediate resistance is placed at ₹8,000–₹8,050, followed by the next resistance zone at ₹8,200–₹8,250; a sustained close above ₹8,050 would open the path toward these higher levels. On the downside, immediate support lies at ₹7,740–₹7,700, with the next support at ₹7,500–₹7,450; a break below ₹7,700 would stall the current recovery attempt. With price consolidating just above its 20-week EMA after a strong bounce, the near-term bias favours a gradual move higher as long as ₹7,700 holds. MCX Natural Gas MCX Natural Gas closed the week higher at ₹263.7, up +3.17%, attempting to stabilise after a sharp multi-month decline, but price remains well below its 20-week, 50-week and 100-week EMAs, keeping the broader trend firmly cautious. The weekly RSI has edged higher to 44.25, still below the midline, while the daily RSI at 44.30 shows only a modest improvement in short-term momentum. Immediate resistance is placed at ₹270.0–₹272.0, followed by the next resistance zone at ₹278.0–₹280.0; a sustained close above ₹280.0 would be needed to meaningfully challenge the dominant downtrend. On the downside, immediate support lies at ₹260.0–₹258.0, with the next support at ₹253.0–₹251.0; a break below ₹258.0 would expose the metal to a retest of the next support band. Overall, this week's bounce looks corrective within a broader downtrend, and rallies toward the EMA cluster near ₹277–₹284 are likely to face renewed selling pressure unless reclaimed decisively. USD/INR

Currency markets reflected the competing influence of elevated crude oil prices and easing expectations of further U.S. monetary tightening. The Indian rupee traded within a relatively narrow range, coming under modest pressure as oil prices climbed before stabilising as crude retreated later in the week. Continued intervention by the Reserve Bank of India helped contain excessive currency volatility. Meanwhile, the broader U.S. dollar weakened into the weekend as softer economic data further reinforced expectations of a prolonged pause in Federal Reserve policy tightening. Weekly Commodity Outlook: Fed Expectations and Middle East Risks Take Centre Stage Looking ahead, commodity markets are likely to remain driven by two competing forces: growing expectations that the Federal Reserve will keep interest rates unchanged in September following a series of softer U.S. economic data releases, and persistent geopolitical uncertainty surrounding the Strait of Hormuz. While easing inflationary pressures and signs of a cooling U.S. economy continue to support precious metals through lower Treasury yields and a weaker dollar, unresolved tensions in the Gulf are keeping a geopolitical risk premium embedded in energy markets. Investor attention will now turn to the minutes of the Federal Reserve's July policy meeting, due on August 19, for greater insight into the unusually divided debate within the FOMC after policymakers voted to keep rates unchanged despite three dissenting votes in favour of an immediate rate hike. At the same time, developments surrounding the Strait of Hormuz will remain critical. A credible diplomatic breakthrough could reduce the geopolitical premium in crude oil and temper safe-haven demand for gold, whereas prolonged negotiations or renewed attacks on commercial shipping would likely keep both energy prices and bullion well supported. Overall, commodity markets are expected to remain highly sensitive to incoming macroeconomic data, central bank communication, and geopolitical developments, with volatility likely to stay elevated as investors navigate the intersection of monetary policy expectations and Middle East tensions. Technical Outlook COMEX Gold COMEX Gold ended the week firmer near $4,440, up +0.85% on the weekly close, extending its recovery for a fourth straight week and holding well above its 20-week and 50-week EMAs. The daily RSI at 65.37 confirms strong underlying momentum on both timeframes. Immediate resistance is placed at $4,470.0–$4,500.0, followed by the next resistance zone at $4,600.0–$4,630.0; a sustained close above $4,500 would open room for a fresh push toward these higher levels. On the downside, immediate support lies at $4,400.0–$4,370.0, with the next support at $4,300.0–$4,270.0; a break below $4,300 would stall the current uptrend. With price now trading in a rising channel above all key EMAs, the broader structure remains constructive, and dips toward $4,400–$4,370 are likely to be bought into as long as this base holds. COMEX Silver COMEX Silver closed the week higher at $65.110, up +2.53%, extending its recovery off the June lows and holding above its 50-week EMA while approaching the falling 20-week EMA. The daily RSI at 60.59 points to healthy short-term bullish momentum. Immediate resistance is placed at $67.000–$67.500, followed by the next resistance zone at $70.000–$70.500; a sustained close above $67.000 would confirm the weekly trend has decisively turned. On the downside, immediate support lies at $63.500–$63.000, with the next support at $61.000–$60.500; a break below $63.000 would stall the ongoing recovery. Overall, the metal is inching closer to a full trend reversal, and a close above the 20-week EMA would go a long way in confirming buyers are back in control. MCX Gold

Weekly Outlook on Gold, Silver & USD/INR by Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealthtech firm. Commodity Markets Wrap: Softer U.S. Data Boosts Bullion, Oil Stays Geopolitically Driven Commodity markets ended the week on a constructive note, with precious metals extending their rally as a series of softer-than-expected U.S. economic data reinforced expectations that the Federal Reserve will keep interest rates unchanged in September. Gold and silver benefited from lower Treasury yields, a weaker U.S. dollar, and improving rate expectations, while crude oil rebounded sharply from the previous week's sell-off as hopes for a near-term resolution to the U.S.-Iran standoff over the Strait of Hormuz faded. Although oil retreated from its mid-week highs, both WTI and Brent still posted solid weekly gains. The week's macroeconomic narrative was dominated by a succession of softer U.S. economic releases. July consumer inflation remained broadly contained, with core CPI easing to 2.5%, reinforcing expectations that the Federal Reserve is likely to leave interest rates unchanged at its next meeting rather than resume policy tightening. Treasury yields declined and the U.S. dollar weakened in response, improving the appeal of non-yielding assets. The disinflation narrative gathered further momentum as producer prices were unchanged during the month, while retail sales fell 0.6%, marking their sharpest monthly decline in more than a year as higher borrowing costs and a cooling labour market weighed on consumer spending. Together with the previous week's unexpectedly weak payrolls report, the data prompted investors to further scale back expectations of a September rate hike, with market-implied odds falling to around 30% by the end of the week from more than 50% a month earlier. That shift provided the principal fundamental support for precious metals. Gold climbed to its highest level in more than two months before encountering modest profit-taking later in the week, remaining on track for a monthly gain of more than 10%. Silver also advanced and modestly outperformed gold, narrowing the gold-silver ratio. Lower bond yields, a weaker dollar, and expectations of a less restrictive Federal Reserve policy remained the primary drivers, while persistent geopolitical uncertainty continued to underpin safe-haven demand. At the same time, elevated crude oil prices remain an important risk factor, as a sustained rise in energy costs could eventually rekindle inflation concerns and temper the pace of bullion's advance. Crude oil, meanwhile, remained highly volatile but retained a firm underlying tone. Prices reversed sharply after tumbling more than 7% the previous week on optimism surrounding a potential Strait of Hormuz agreement. That optimism faded as negotiations stalled. Iran maintained that the United States must first lift its naval blockade before the strategic waterway could fully reopen, while continued attacks on commercial shipping and Tehran's restrictive draft proposal kept the diplomatic impasse intact. WTI crude rallied from the low-$78-per-barrel range to briefly approach $85—its highest level since the latest escalation in the conflict—before settling near $82.39 by the end of the week. Brent crude followed a similar trajectory. Fundamental supply dynamics also remained in focus. OPEC+ agreed to increase production quotas by approximately 188,000 barrels per day from September, completing the planned reversal of an earlier round of voluntary production cuts. At the same time, OPEC lowered its 2026 global oil demand growth forecast to around 580,000 barrels per day, partially offsetting concerns over geopolitical supply disruptions. The U.S. Energy Information Administration also adopted a cautious outlook, stating that it does not expect Middle East oil production to normalise until early 2027.

Safe traders book profit at 185

Modify stoploss to cost

BUY GOLDM FUTURES 04 SEP ABV 153,000 SL 152,000 TRGT 154,000 Disclaimer : https://enrichmoney.in/download/disclosures_in_research_reports.pdf

BUY SILVERM FUTURES 31 AUG AT 237,000-237,400 SL 235,000 TRGT 239,000 Disclaimer : https://enrichmoney.in/download/disclosures_in_research_reports.pdf

BUY CRUDEOIL 7750 CE 17 AUG AT 150-160 SL 110 TRGT 200/230 Disclaimer : https://enrichmoney.in/download/disclosures_in_research_reports.pdf

On the downside, 57,500–57,400 remains the immediate support, followed by the 57,200 zone. Options data indicates a stronger cautious undertone; total Call OI stands at 1.70 crore, significantly higher than Put OI of 1.34 crore, while the PCR at 0.79 reflects call writers maintaining dominance in the derivatives setup. Strike-wise OI shows heavy Call OI concentration at 58,000, making it the immediate resistance, while 57,000 holds the highest Put OI, acting as the key support; the Max Pain at 57,800 suggests this level may act as an expiry magnet, with the near-term range likely to remain between 57,000–58,000 unless either level is decisively breached. Overall, the index continues to consolidate within this broader range, and a sustained breakout on either side of 57,000–58,000 would be needed to establish clearer near-term direction.

Market Outlook by Ponmudi R, CEO of Enrich Money, a SEBI registered online trading and wealth tech firm. Indian equity markets ended largely unchanged on Friday, struggling to build on supportive global cues as persistent uncertainty surrounding the U.S.-Iran standoff and the Strait of Hormuz kept investors cautious heading into the weekend. Despite a softer U.S. inflation reading and record closes on Wall Street, elevated crude oil prices and the absence of any diplomatic breakthrough continued to cap risk appetite. Geopolitical tensions remained the dominant market driver. Fresh attacks around the Strait of Hormuz and stalled negotiations reinforced concerns over regional stability, while Tehran reiterated that the strategic waterway would remain closed until its conditions were met. The United States, meanwhile, signalled that its naval blockade of Iran could remain in place indefinitely, adding to uncertainty over the timing of any resolution. The Nifty traded in a narrow range throughout the session, recovering from early losses but failing to sustain momentum as mixed global cues and elevated energy prices offset stock-specific buying. Most sectors remained range-bound, reflecting investors' reluctance to take aggressive positions ahead of further geopolitical developments. Energy markets remained firm, with crude oil retaining a geopolitical risk premium as concerns over potential supply disruptions persisted. WTI crude traded near $82 a barrel, while domestic crude futures remained above the ₹7,800 level. The Indian rupee also remained under pressure, though losses were contained as market participants continued to factor in the possibility of Reserve Bank of India intervention. With geopolitical uncertainty showing little sign of easing, both currency and energy markets are expected to remain driven by headlines in the near term. Technical view Nifty 50 Nifty 50 closed on a subdued note after opening lower and remaining under pressure for most of the session. The index traded largely below the 24,400 zone, although the 24,300 region emerged as an important buying-interest area and during the second half, recovery attempts pushed the index briefly above 24,400, with an intraday high of 24,405, but the move faced immediate supply pressure, highlighting continued resistance at higher levels. On a closing basis, the inability to sustain above 24,400 keeps the near-term structure cautious. On the downside, 24,300–24,250 remains the immediate support. Momentum indicators also remain cautious. RSI stands around 52, just above the neutral 50 mark but below its moving average near 58, indicating weakening momentum. MACD has turned negative, with the MACD line below the signal line and the histogram at around -16, reinforcing the cautious momentum setup. The options OI structure also points to resistance around 24,400–24,500, while Put OI around the 24,300–24,400 region provides some downside cushion. Overall, the closing-basis outlook remains cautious to range-bound. The relatively higher Call OI compared with Put OI also indicates that upside may remain capped unless fresh buying emerges. Unless the index decisively reclaims and sustains above 24,400 zone, recovery attempts towards the resistance zone are likely to continue facing supply pressure. Bank Nifty Bank Nifty ended the session on a mildly negative note after opening marginally lower. The index initially declined but recovered towards the 57,680 level; however, it failed to sustain the recovery and slipped during the morning session to test the 57,400–57,380 zone. Buying interest emerged at lower levels, allowing the index to gradually recover and reclaim the 57,600 mark before easing again towards the close. On the upside, the 57,800–58,000 zone remains the immediate resistance band. A sustained move above 58,000 could improve buying momentum and open the way toward the 58,300–58,500 region.

Currently trading above 130, Due to low volatility book profit at CMP.

Made a high of 146

BUY NIFTY 24350 CE 18 AUG AT 120-125 SL 105 TRGT 150 Disclaimer : https://enrichmoney.in/download/disclosures_in_research_reports.pdf