Showing posts with label copper. Show all posts
Showing posts with label copper. Show all posts

Market today

Market yesterday as i write here in my post go down at first half and recover due to short covering,over all picture of Indian stock market bearish trend.
Today market looking to open downside in first half more selling pressure  in stock like hdil,renuka and midcap stocks .
Now looking at data FII still selling and it put pressure on rupees its target rose up to 58 now if it goes to that price high inflation ahead due to rupees .
Investor advised to away from market don't take any position in long or short be cautious on trade ,no short advisable at this level now but keep wait for a sharp downside their should buy good strong fundamental base stocks in small quantity.
Nifty trader can go short on nifty at 4820 with stop loss of 4840 for a target of 4715 in intraday .

Has the market bottemed out

Market gained more then 300 point on nifty last week ,some facts related to international stock market recovery and also support in Indian stock market push sensex higher ,later on short covered pull market at upward movement .
Now does Indian stock market bottomed out or still wait for investor for buying stocks ,does it right time now making confusion about it ,before making decision some reason i make clear here what scenario looking ahead for Indian stock market .

Fall in inflation a concern of spurt seen in banking stock which are already fallen since 4-6 month and trading near 52 week low ,burden of rising interest rate make worry of higher NPA and liquidity crisis to achieve growth targets ,now market looking rate cut by RBI expected due to lowering inflation .still i feel hurry to say inflation still control and later it will down more.
My view coming 2-3 month must watching time for investor not to take long position now ,just make their profit if they buy already at down market to cash it if market upward,wait for fresh position at higher level specially near 5100 level as market not looking to cross 5400 incoming months.
Buy some stock with good fundamental and good management stock when nifty around 4700 levels .
International scenario still looking pain ahead as earlier step for euro zone to pump liquidity in system because as news come for some relief commodity price make new high still crude trading around 100$ ,i don't think any upward or growth factor work in coming time for internationally,even it make more pain for country like china ,India and south Asian economy .

list of commodities

list of commodities

two exchange in commodity trading in india here list of commodity are
1 bullions
gold,silver and platinum
2plantation
rubber
3pulses
chana
4metals
aluminium,copper,lead,iron ore,mild steel,nickel,tin and zinc
5energy
atf,bremt crude oil,crudeoil,gasoline,natural gas and heating oil
6oil&oil seeds
crude palm oil,kapasya khali,refined soya oil and soyabeen
7serels
barley,wheat and maize seed
8spices
cardamom,coriander and turmeric
9others
almond,mentha oil,gaur seed,potato and sugar