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Friday, 17 June 2016

Sensex Nifty Climbing Up, Commodity Market Drifting Down

Sensex Nifty Climbing Up, Commodity Market Drifting Down

Indian Stock market is trading high today. Sensex live at 26638 (+0.43 percent) and Nifty live at 8163 (+0.28 percent). All the sectors are trading positive. Indian currency Rupee opened flat at 67.20 against Dollar. All the Major Indexes of Asian Market are trading high. Commodity Market is under pressure. Gold dropped Rs 226 to Rs 30,381 per ten grams while Silver dropped 555 to Rs 41,129 per kg. Crude Oil live at Rs 3,130 with Rs 3 down. 
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  • MCX is going to launch an agri product, Pepper Futures will be starting. 
Buy MCX above: 1008.06 Targets: 1015.5 - 1023.48 - 1031.49 - 1039.54 Stoploss : 1000.14 
  • Siemens got an order of about 978 Crore Rupees from Governement. Project is about connecting the networks of India-Bangladesh power supply hence set up a high voltage current link. 
Buy Siemens above: 1269.14 Targets: 1277.42 - 1286.37 - 1295.35 - 1304.36 Stoploss : 1260.25 
  • Central Electricity Regulatory Commission has ordered that when state goverments are defaulted then Reliance Power poromoted can supply 4000 MW Sasan ultra mega power in Punjab and Rajasthan. 
Buy Reliance Power above: 54.39 Targets: 56.22 - 58.11 - 60.03 - 61.98 Stoploss : 52.56