Benchmark indices extended their gains from the morning session, with the Nifty trading above 9400 mark. The Sensex trading up 77 points at 30442, while the Nifty gained 15 points at 9401. The market breadth was back in the positive zone as 1,211 shares advanced against a decline of 970 shares, while 114 shares were unchanged. Mid-caps were back in the green along with FMCG, banks and infra indices on the Nifty. The BSE Small Cap trading up 20 points at 14790 and BSE Mid-Cap lost 46 points at 14194.
In commodity market, Gold slipped 151 points to 28,660, Sliver declined 423 points to 39,535 whereas Base metals prices are lower as US existing home sales to give further direction to the prices. Moody's Investors Service on Wednesday downgraded China's credit rating to A1 from Aa3, changing its outlook to stable from negative, citing concerns efforts to support growth will spur debt growth across the economy.
Buy Crude oil Jun in the range of 3345-3350 Targets 3400/3450 Stop loss 3300.
Expert View: Technically crude oil is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy on lower level strategy.
In commodity market, Gold slipped 151 points to 28,660, Sliver declined 423 points to 39,535 whereas Base metals prices are lower as US existing home sales to give further direction to the prices. Moody's Investors Service on Wednesday downgraded China's credit rating to A1 from Aa3, changing its outlook to stable from negative, citing concerns efforts to support growth will spur debt growth across the economy.
Buy Crude oil Jun in the range of 3345-3350 Targets 3400/3450 Stop loss 3300.
Expert View: Technically crude oil is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy on lower level strategy.
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