Crude oil : Crude prices formed a DOJI candle yesterday by closing near the opening rate. Crude oil prices are giving signs of trend reversal by forming bearish candles on the top. The RSI also is dropping down and MACD is on the verge of crossing the DAV on downside. Thus buyers need to be cautious and book their profits. Aggressive Traders can sell crude between 3475-3500, with Sl of 3580, targeting 3330 and 3250.
Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Apollo Tyres Ltd with a short-term target price of Rs 39-45.
Copper prices are seen hovering range bound, however trading below the support levels of 242. The ADX and +DI is dropping downwards with no indication on the trend. The MACD is on the verge of crossing over the DAV on downside. Thus, fresh buying can be done in copper only above 242-43 levels.
Gold prices moved up above 14500 for closing yesterday.
London, June 18 : Silvio Berlusconi has come under fire once again as prosecutors opened an inquiry into allegations that young women were paid to attend parties at the Italian premier's private residences.Coforge appears to be a classic case of market overreaction.
News in Focus
Parag Milk Foods emerges as a compelling mid-cap consumption story, underpinned by its strong brand portfolio, integrated dairy operations, and strategic pivot toward high-margin value-added produc
Tesla stock has been sliding as overall market sentiment has turned bearish.
Devon Energy registered a strong performance over the last few trading sessions despite an overall weakness in the markets.
BigBear.ai Holdings has emerged as one of the more speculative yet intriguing names in the artificial intelligence-driven analytics space. However, some investors are comparing BBAI with Palantir.
HDFC Bank, Hindalco Industries, Petronet LNG, Adani Ports were among losers on Friday. HDFC Bank could see further downside due to resignation of Atanu Chakraborty.
Main Regional Stories
Gold and Silver ended Friday's session with major loss. Gold has been facing selling pressure for the last three weeks and yesterday's close marks a major decline in demand for Gold.
Tata Elxsi, Laurus Labs, Inox Wind, Glenmark Pharmaceuticals, BHEL and Jindal Steel were among major gainers on Friday as markets made a modest recovery after major selling witnessed on Thursday.
Bajaj Finance, Hindustan Petroleum, Eternal Limited, Hindustan Zinc, Petronet LNG, Shriram Finance, BPCL, Ashok Leyland and Godrej Properties witnessed selling pressure as overall market sentiment was bearish.
OpenAI is planning a structural transformation of digital interaction by embedding video generation (Sora) and launching a full-fledged application ecosystem within ChatGPT.
