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
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The Gold market traders seemed unfazed by the Brexit and the central bank easing. This possibly means they are extra concerned about Unite State and China deal relations. The rates are likely to remain variety bound, awaiting there is a chief breakthrough in the talks between the 2 economic powerhouses.
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