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Tuesday, 9 May 2017

Stock Market Update - Commodity Tips By Expert

Equity Benchmark indices continued to remain range bound, with the Nifty trading absolutely flat. The Sensex jumped up 16 points at 29946.77, while the Nifty rose 7 points at 9322.70. The market breadth was narrow as 1,424 shares advanced against a decline of 1,084 shares, while 139 shares were unchanged.The Mid-caps continued their up move, with the index soaring over half a percent, while metals too gained over a percent.

In Commodity Market, Gold trading up 49 points at 28,140 while Sliver slipped 31 points to 37,980. Crude oil prices higher, trading with a positive bias today, driven by anticipation that an OPEC-led pledge to cut production would be extended beyond the first half of the year and into 2018, although overall high supply still weighed on markets.

Copper prices are traded at a 4 month low after datashowed a sharp drop in imports into china, feeding pessimism over demand following hefty inflows into LME inventories last week.copper inventories in LME warehouses dipped by 3,100 tonnes on Friday, after surging by more than 100,000 tonnes in the previous three days.

Commodity Tips By Expert
Buy Crude Oil May in the range of 3000-3015 Targets 3065 / 3115 Stop loss 29.