Energy Market Outlook and Sector Updates: Nirmal Bang
Crude oil: The counter sharply rose 4% in the later sessionyesterday, takingsupport at 3180 levels. The move indicates trend reversal in thecounter. The RSI is seen comingback to the MA. Thus thecounter is expected to test 3380 levelstoday, and above 3380 prices can even test 3445 levelsin nearterm.