Posted by janvi on September 3, 2010
Total Views - 30
PUNJLLOYD
BUY @ CMP 108.85
SL 106.50
TARGET 112-114
Bhushan Steel Ltd.
Buy above 1870 (CMP : 1860.30)
Target : 1898-1920
Stoploss : 1852
Buy HSIL
SL 132
TARGET 148-152
Thinksoft Global Services Ltd
Buy @ 124 (CMP : 126.30)
Target : 130-136
Stoploss : 122
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Posted by dimpyarora on July 29, 2010
Total Views - 48
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Copper prices surged on Wednesday to a new 10 week crest inspite of the weak US consumer durable orders. The prices rose 1.22% on the back of euro trading higher against dollar and decreasing inventory levels. The red metal ended its day at the highest level since May 13, 2010
Copper futures for September delivery closed 1.22 per cent up at $ 3.24 per lb, after trading in the range of $3.18 to $3.26, on the Comex metals division of the New York Mercantile Exchange. Copper for three-months delivery on the London Metal Exchange ended it day by adding $111 at $7,170 per tonne.
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Posted by dimpyarora on
Total Views - 40
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Crude prices continued to decline on Wednesday pressured by the API report of rise in crude supplies to 3.1 million barrels last week and disappointing durable goods orders data. New orders for long-lasting US manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August. The overall trade remained cautious ahead of the US Energy Information Administration weekly oil inventory data on Thursday.
Benchmark crude for September delivery fell 41 cents, or 0.53 percent, to $77.09 a barrel, after trading in a range of $76.88 to $77.74 on the New York Mercantile Exchange. In London Brent crude slipped 7 cents to settle at $76.06 a barrel on the ICE.
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Posted by dimpyarora on July 28, 2010
Total Views - 48
courtesy:- MCX COMMODITY TIPS
Gold prices suffered a sharp decline on Tuesday and fell by 2 percent to a near three-month low, on getting a report of bigger-than-expected drop in US consumer confidence and an option expiry prompted heavy selling.
Gold futures for August delivery settled at a three-month low at $1,158 an ounce, down $25.10 on the Comex metal division of the New York Mercantile Exchange. Spot gold fell to a low of $1,157.65 an ounce on Tuesday, the cheapest price since May 5.
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