Hind Zinc

Hind Zinc cuts zinc prices by Rs4000/ton

SRF

Target 125-127

SRF

buy SRF...S/L 119
cmp 122

Freeze

Sandur and Jpt buying freeze
Sandur - 1304
JPT - 60.04

Visa Steel-62

Nifty View

NIFTY FUT CMP 4931..NIFTY FUT SUPPORT AREA 4880-4830.NIFTY FUT RESISTANCE 4970- 5009...INTRADAY NIFTY FUT WEAK BELOW 4902 LEVEL.& GOOD ABOVE 4940

News

Indicators like foreign funds buying in both futures and options, Nifty May ending in premium, and Nifty May put-call ratio increasing to 1.29 from 1.25 point to a further rise in Indian stocks on Thursday.

Gold Call 29-MAy-08

GOLD BUY ON DIPS 12300, 12280 S/L 12230 TGT 12425/12525

Gold 29-May-08

29 MAY 08
GOLD 05 JUN
Trend Point :12422
S-1 12281 R-1 12584
S-2 12119 R-2 12725
S-3 11978 R-3 12887

MCX Trends 30-May-08

30-May-08 Trends

LEAD 30 MAY
Trend Point :85.80
S-1 84.50 R-1 87.65
S-2 82.65 R-2 88.95
S-3 81.35 R-3 90.80

NICKEL 30 MAY
Trend Point:969.50
S-1 947.50 R-1 989.00
S-2 928.00 R-2 1011.00
S-3 906.50 R-3 1031.00

ZINC 30 MAY
Trend Point :89.95
S-1 88.45 R-1 91.60
S-2 86.80 R-2 93.10
S-3 85.30 R-3 94.75

ALUMINIUM 30 MAY
Trend Point :124.75
S-1 122.65 R-1 126.85
S-2 120.55 R-2 128.95
S-3 118.45 R-3 131.05

COPPER 30 JUN
Trend Point :346.90
S-1 343.30 R-1 351.35
S-2 338.85 R-2 354.95
S-3 335.25 R-3 359.40

CRUDEOIL 13 JUN
Trend Point :5530
S-1 5440 R-1 5685
S-2 5285 R-2 5775
S-3 5195 R-3 5930

SILVER 05 JUL
Trend Point :24129
S-1 23784 R-1 24584
S-2 23329 R-2 24929
S-3 22984 R-3 25384

GOLD 05 JUN
Trend Point :12422
S-1 12281 R-1 12584
S-2 12119 R-2 12725
S-3 11978 R-3 12887

Headlines for the day

Headlines for the day
29-May-08
Corporate News Headline
Reliance Industries and Hindustan Petroleum Corporation have shown their interest in taking over three state-controlled sick sugar factories in Bihar. (ET)
Tata Motors approved a plan to raise up to Rs. 72 bn through three simultaneous rights issues to part-finance its purchase of the Jaguar and Land Rover brands for Rs 92.28 bn. (ET)
M&M has planned to invest Rs. 20 bn into its automotive business. (BS)

Economic and Political Headline
The Finance Ministry denied about new tax proposals to help ease mounting losses at state oil firms due to soaring crude prices were. (ET)
The RBI raised the interest rate ceiling on trade credits used for funding imports with maturity up to one year. (ET)
The Orders for the US durable goods excluding cars and planes unexpectedly rose 2.5% in April, signalling that international customers are helping factories ride out the economic slowdown. (Bloomberg)