The Indian rupee reached a one month high in early
trade of Wednesday morning.recently dollar is quoted at
54.03 Rs. Last night it
was traded at 54.15 Rs.The rupee rose in tandem with
Asian stocks, which suffered heavy losses after Chinese economic growth data
Monday disappointed.
The rupee has gained more than 1.0% since Friday as
commodity prices, particularly those of crude oil and gold, fell heavily on
concern of economic slowdown in China.
In MCX base metal shows a week down
movement in copper, aluminum, lead and nickel. Copper for April delivery has
fall down by 3.80 points to 390.80 yesterday it was closed at393.60 but takes a
gain of 10 points and open with 393.70.
reliance has fallen 2% at Rs 300 in Q4.it was showed a lowest value in
the ending of march April month.
commodity calls
SELL COPPER AT 390.75 TARGETS 390.380,370 sl 400.25
SELL SILVER AT 43870 TARGETS
43820,43780,43740 SL 43910
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