Sunday, January 17, 2016

WEEKLY TREND;17/1/16

1.Indian Stocks may fall with volatility. FPIs are selling.
2.$ BDI 373,  200 DMA 729.66
BDI is lowest ever and is a leading indicator .Global Economy is in trouble,what with the Trade dwindling.
3.Brent $ 28.94/bbl
Oil Refineries and SCI look good,though the Market as a whole is in short-term down-trend.
4.Gold Rs 26112/10 Grams
5.Silver Rs 34085/Kg
6.Rupee V $ 67.60
7.US Dollar Index 98.85
8.NG Rs 142.9 /mm Btu.A huge fall of Rs 20 from last week.
Fertilizer Stocks using Oil and Gas look good.GNFC,RCF can be fancied in small lots,with suitable stop-loss,as the short-term trend of the market is down.
Power Cos using NG also,look good.
IT Cos look good,as the Rupee is weakening.Please use a suitable stop-loss.

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