TopNews

Hardik Jain has suggested buy call for Reliance Industries with a target of Rs 1130. Reliance is actively looking to acquire stake in companies in energy sector overseas.

The stock closed the week at Rs 1089 on BSE, after registering a gain of Rs 15, or 1.37%. The stock touched an intraday high and low of Rs 1095 and 1070 respectively.

Reliance Industries is currently trading at a P/E multiple of 24. The stock has touched 52-week high and low of Rs 1245 and 679.

New Delhi, March 19 - Actress Priyanka Chopra will make her debut on small screen as the host of the adventure reality show "Fear Factor- Khatron Ke Khiladi".

She will host the special Indian Premiere League (IPL) edition of the show on the Colors channel. The glamorous actress, who has replaced action star Akshay Kumar as the host, will be taking 13 cricketers to task.

Emirates Aluminium, which currently produces 300,000 tonnes a day, expects to hit the 700,000 tonnes per year mark by December. Aluminium has touched a low of Rs 102.4 a kg after opening at Rs 103.25, and last traded at Rs102.55.For today market is looking for the support at 102.2, a break below could see a test of 101.8 and where as resistance is now likely to be seen at 103.2, a move above could see prices testing 103.8.

Trading Ideas:

Aluminium trading range is 101.8-103.8.

Emirates aluminum to double output by December

Support for aluminium is at 101.80 and resistance is at 103.20 level.

Natural gas tumbled more than 4%, after government data showed a much smaller draw

Jeera ended lower on profit-booking driven by rising arrivals and mounting stock. Market is waiting for fresh demand from overseas market. Arrivals are hurting sentiment. Spot rates in Unjha, a key spot market in Gujarat, price dropped 80.5 rupees to end at 11,732 rupees per 100 kg. April contract dropped Rs 209 and settled at Rs 11871 a kg. The contract made intraday low of Rs 11810 a kg and high of Rs 12050 a kg. Support for jeera is at 11771 below that could see a test of 11670. Resistance is now seen at 12011 above that could see a resistance of 12150.

Trading Ideas:

Jeera trading range is 11670-12150.

Turmeric hit contract highs for a third straight day on firm spot cues and low stocks, but conceded the gains by end of the session on profit-booking. In Nizamabad, a major spot market in Andhra Pradesh, the price jumped 980 rupees to end at 11,722 rupees. Turmeric yesterday we have seen that market has moved -0.48%. Market has opened at 11072 & made a low of 10480 versus the day high of 11289. The total volume for the day was at 41340 lots and the open interest was at 11640.Support for turmeric is at 10425 below that could see a test of 10048. Resistance is now seen at 11234 above that could see a resistance of 11666.

Trading Ideas: