Closing update

Nifty and sensex turned green during  end of the day

Companies who came with their IPO few days back i.e TeamLease Services and Quick Heal Technologies were most active on exchanges today. TeamLease rebounded sharply, up 2.5 %after losing more than 18%  intraday. Quick Heal gained 5% after hitting 52-week low of Rs 242.Bank shares and education shares including educomp,Careerpoint rallied during the day

 

Nifty gainers   ICICI Bank,Bajaj Auto,M&M,PNB,SBI,NTPC,Asian Paints
Top Stocks in news are :Jet Airways, BHEL, Spicejet 

India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.

India, the world's third-largest crude oil importer and since shipping distances are short,hence the Middle East members of the Organization of the Petroleum Exporting Countries (OPEC) are giving prefernce to India for oil exporting.

Most of the experts advised to sell GOLD & CRUDE by looking at the current trend in commodity markets

Stock Tips NIFTY and Copper Tips for 2 February 2016

Lowered oil prices are expected to gain in the second 50% of the year - maybe as high as USD 85 for each barrel. 

On Monday after opening at 7589, Nifty made a high of 7600 – low of 7541 and closed 7 points down at 7556 forming bearish candle at top.

Chile's latest statistics showed in 2015, Chile's copper production output was 5.79 million tons, an increase of 0.2% year on year, although some mining companies to cut production in order to offset the deep falling in copper prices. 

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MCX Commodity Tips for Tommorow

MCX Commodity Tips for 09th February 2012

MCX Gold April: Sell below 28,330 levels with a stop loss placed above 28,600 levels for targets of28,000 levels.

MCX Silver March: Sell below 57,000 levels with a stop lossplaced above 57,500 levels for targets of 56,000 levels. MORETIPS>>

MCX gold April support at Rs 28030/Rs 28215, Resistance at Rs 28560/ Rs 28750.

MCX silver March support at Rs 56384/Rs 56895, Resistance at Rs 57770/Rs 58280

Get Free MCX Commodity Tips, MCX Gold Tips, MCX Silver Tips.....FILL 2 DAYS FREE TRIAL FORM>>