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Tuesday 3 March 2015

Stock Market Updates and Evening Commodity Tips

The Sensex was up by 135 points at 29593.73 and Nifty was up by 40 points at 8996 ; Sensex index shows safe ans steady closing while Nifty closing on record high. 

Sensex 29593.73 , High – 29636.86 , Low – 29364.87 

Nifty 8996.25 , High – 9008.40 , Low – 8925.55 

Top gainers – TCS , Reliance Infra , Cipla , Bajaj Auto and HDFC 

Top losers – Coal India , M&M , Axis Bank , Tata Motors and NTPC 

Commodity Market Trend – At 4:32 PM 

Gold traded at 26490.00 , High – 26533.00 , Low – 26444.00 

Crude Oil traded at 3136.00 , High – 3147.00 , Low – 3104.00 

Copper traded at 368.10 , High – 371.50 , Low – 367.30 

On an intraday premise, we expect gold and silver costs to exchange lower as developing desires for a U.S. premium rate climb kept the dollar close to a 11-year top against a bushel of monetary forms. 

On the MCX, gold costs are relied upon to exchange lower taking signals from worldwide markets. 

On the MCX, oil costs are required to exchange sideways in pair with pattern in international markets. 

Evening Commodity Tips - 

1. MCX Gold : Sell below - 26490 , Target - 26440 to 26380 , Stop loss - 26540 

2. MCX Crude oil : Sell below - 3129 , Target – 3115 - 3090, Stop loss - 3156 

3. MCX Copper : Sell below – 369 , Target – 366 – 364.5 , Stop loss – 370.7 

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