@@ Crude: Heightened speculative activity in Crude oil proved useful for MCX Crude Oil contract for August expiry. The psychological barrier of Rs 6400 was breached on a closing basis. Crude settled at Rs 6471 per barrel. The opening on 19 July has been a bit calm and Crude is expected to go into some profit booking mode, but only near to Rs 6400 mark it breached last night. Further buying can kick at those levels on increasing levels of volumes and further rising possibilities seen in RSI. On a weekly basis, till Rs 6380 is breached on the lower side, Crude is expected to remain moving higher. Trading Strategy: BUY AROUND 6400-6410 TARGET 6480 SL 6375
Posted on: Fri, 19 Jul 2013 05:30:10 +0000
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