Stock & Commodity Market Update with Crude Oil Tips For Today (15th March 2017)

After starting the day on a tepid note, the market witnessed consolidation as investors awaited the outcome of US Federal Reserve’s policy meeting. Indices held on to key levels, but turned red after posting a mega rally on Tuesday. Indian Currency Rupee is trading higher by 31 paise at 65.51. In Comodity Market, MCX Gold is 101 points down at 27975 and Silver has lost 88 points at 39995. Crude Oil has moved up 44 points at 3180. 

Crude Oil Tips

Crude oil prices are down on yesterday due to surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have now erased nearly all gains since OPEC announced output cuts in November.

SELL CRUDE OIL APR IN THE RANGE OF 3150-3130 TARGETS 3070/3000 STOPLOSS 3220

Stock Market Latest News and Analysis 2 July 2015 | MCX Commodity Tips Today

The stock market has been in the good track as it continues to show the positive movements in the last consecutive sessions in support of good monsoon and solution to the greece default but it would be risky to predict the market before the decision, which would have been declared on Sunday.

Apart from all, the positive side is that many IPOs are in pipeline to be listed in the index which is good thing for the stock market trading, as history suggested that this time held on the market with higher note and led by the new offerings to the share market.

Indigo, Infibeam, TeamLease, Catholic Syrian, Cafe Coffee Day, Matrix Cellular, RBL Bank, GVK Airport Developers are the IPOs waited to come out.

Market Tips For Today

Sell MCX Crude oil @ July at 3685, Target-3590, SL-3730

Sell MCX Gold @ August at 26520, Target-26350-26220, SL- 26660