Jeera May NCDEX: Jeera prices afloat higher and yesterday closed positively at 18840 levels. In the hourly chart, prices are trading well above long run ascending trend line support of 18050, could see buying momentum towards 18900 followed by 19200 levels in the near term. Conversely, the daily RSI (14) is still treading within the overbought zone, which suggests a cautious approach while taking any long positions. Hence, profit booking cannot be ruled out towards 18200 and long liquidations starts when prices break the support of 17800 levels.
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The markets opened in the negative territory today. At present, both the indices are trading very flat with the Sensex down 11 points at 15959 and Nifty down by 3 points at 4775. Banking stocks were under selling pressure, falling nearly 0.5 per cent. Auto and FMCG stocks also traded lower. Capital goods stocks extended gains. Energy and IT stocks also saw 0.5-1 per cent gains.
Copper prices have retraced from its early morning highs at 387 levels. Major support for the counter is seen around 382 levels and prices will find buying on corrective moves until this support is not broken decisively. A close below 382 will see prices move lower towards 378/376.50 areas again. Traders holding long positions should maintain the same with a stop loss placed below 382 levels.
The Indian stock market has corrected enough over the past few weeks and the thesis remains that local equities are in a sustainable long-term run, as compared to countries like China where shares have seen a 'poor quality' rally, said Samir Arora of Singapore-based Helios Capital. Arora has upped the net exposure of his long-short hedge fund by 5-7 percent...
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U.S. stocks retreated to one-month lows on the back of a surge in the U.S. dollar and some weakness in oil. DJIA was down 332.8 points or -1.8% at 17662.9. Asian stocks are trading mixed as markets awaited more data that could shed light on the state of China's economy. Nikkei 225 is trading up 92.4 points or 0.5% at 18757.6, while Hang Seng is trading down 69.5 points or -0.3% at 23827.5. Indian rupee weakened to close at 62.7800 against USD.
Read More here- http://onlinetradingttips.blogspot.in/2015/03/stock-in-news-for-today-intraday-stocks.html