Friday, 17 May 2013

bse benchmark breaks its 4yr record,mcx natural gas bullish for 17 APRIL

Today stock market is in buying side shows green shade for both BSE and NSE . the bse benchmark up by 54 points in early trade and NSE the 30 share barometer up by 54.25 points to 20301 .58 but now bse trade above 20256 points and NSE 6177 points at 10.40 AM. 

In global market RBI to cuts Repo rate in the month of June and July the Bank of America expect that RBI cuts interest rates by25 basis points on Wednesday.

In commodity we can say that mcx natural gas on green shade the June contract also on positive side , Base metal like aluminum, copper , lead , zinc is in green shade expect for today it still in these position ,mentha oil has supported on 908.09 points ,expected cotton shows bull position for coming trend.. 

Buy cotton 17950 tgt 17970,17990,18010 SL 17930 
Buy mentha oil 914.30 tgt 917, 920,923 SL 913 
Buy natural gas 216.50 tgt 217,217.50,218 SL 216 
Buy crude oil 5216 tgt 5220, 5224,5228 SL 5212 
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