Morning out look remains bullish as international commodities market indicates a buy this morning. Still we are cautious on taking new positions.
How the Global market looks this morning
Asia-Pacific
| Price | Change | %Change | ||
|---|---|---|---|---|
| HSI | 22520.47 | 222.06 | 1.00% | |
| NIKKEI | 14309.71 | -3.32 | -0.02% | |
| STI | 3055.52 | 16.81 | 0.55% | |
| ASX 200 | 5381.70 | 25.44 | 0.47% | |
| SHANGHAI | 2130.02 | 14.18 | 0.67% |
Commodities
| Price | Change | %Change | ||
|---|---|---|---|---|
| OIL | 100.53 | 0.23 | 0.23% | |
| RBOB GAS | 2.8106 | 0.0053 | 0.19% | |
| NAT GAS | 5.409 | 0.195 | 3.74% | |
| GOLD | 1328.10 | 9.50 | 0.72% | |
| SILVER | 21.875 | 0.454 | 2.12% |
Buying can be only made above 6074 level. That too cautiously as market may trade range bound and it will continue uptrend only when it breaks 6084. Market expected to reach 6110 for intraday.If Nifty futures goes below 6040 today , Traders can start shorting with a strict stop loss at 6060
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