Market Pearl

Crude Oil Updates U.S. crude inventories fell more than analysts' expectations last week, according to data released Wednesday by the U.S. Department of Energy. Crude oil stockpiles fell 10.6 million barrels to 323.6 million barrels, compared with an average survey estimate of a drop of 2.4 million barrels. The American Petroleum Institute, an industry group, reported a 4.6 million-barrel draw in its weekly report released Tuesday. Futures prices rocketed higher on the news Wednesday, rising 0.9% in the minutes after the release, to $98.94 a barrel on the New York Mercantile Exchange. Gasoline futures were up 1.4% to $2.6165 a gallon, and heating oil was up 2% to $2.9063 a gallon. The week before, crude oil inventories decreased by 1.90 million barrels to 334.20 million barrels. In MCX, Crude up by 0.89% at finally trade on 5199.10.

Copper, the leader of the base metals, declined almost 1 percent on Monday, as signs that the property market was cooling in China, the world’s largest metals consumer, has increased demand fears for industrial metals. The red metal touched an intra-day low of $7198/tonne and closed at the level of $7296/tonne yesterday. On the MCX, Copper February contract declined marginally by 0.1 percent as further fall was not witnessed due to Rupee depreciation on Monday. While In Gold The most-active February gold contract on the Multi Commodity Exchange was 0.31% higher at Rs 27,777 per 10 grams by 4:58 pm. The contract had fallen 5.6% since the beginning of the month. Crude Updates Crude oil rose today, buoyed by the risk of supply being disrupted from Central Asian oil producer Kazakhstan; even as sanctions-hit Iran struggles to maintain its production and Libyan output is delayed.

Gold Updates Gold on Thursday advanced after the European Central Bank cut interest rates for a second straight month. The gold prices gained 0.6 per cent to 1,755.40 dollar an ounce on the Comex in New York, while spot delivery in London advanced 0.5 per cent to 1,751.05 dollar an ounce. Silver also rose by 0.7 per cent to 32.85 dollar an ounce. According to Barclays, ETP investor interest has not accompanied the recent gains and indeed remains weak. Metal held in trust was unchanged previousday but is at its lowest since March last year. Net redemptions for the year to date have reached 567koz exacerbating a market which has been swung into surplus on the back of continued Russian state stock releases. But for now Gold remains caught between soft physical demand, relative strength of the dollar and muted risk appetite. Tata motors stock recommendation Stock strongly on bullish side we recommed it for buy at today trading session Buy Tata Motors at - 191.40 for The Target of 193....

Gold & Silver both precious metal down after touch intraday high. Crude Oil in bullish trend after down, as per oil companies announcement for prices cut down in petrol crude oil prices go up in Indian Commodity market(MCX). Crudeoil trade with 1.83% plus as compare to last trading hours. While In base metals copper & nickel both are on again in positive phase. Copper seems bullish from this point, copper is good option for buying in near future as comparison to nickel & lead.

Silver slightly move up from the level of 56600, here it may recover its little position. MCX silver may be touch 60000 in 10-15 days if silver break 58650 then it will cross defiantly 60000. For todays we suggest buy silver for the target of 57650 with Stop loss 57220. Gold maintain its positive trend, it trade in bullish mode. On dollar strangeness gold perform better then silver, we expect that it will trade near about 28500 to 29500. Indian Market NSE index in consolidate phase, because of dollar position currency trading going low. Traders are not interest for fresh buying.

ICICI Tomorrow ICICI can hold for tomorrow, it can move upward in near future. It is a good buy from a medium to long term perspective. Short term jitters might be because of news flow rather than fundamentals. Quarterly numbers have been in line with expectations. Buy with a target of 1100 in 9-12 months. Silver Updates Silver trading was on bullish mode, silver demand same as last trading day. Silver will touch 58000 very soon. Silver rose nearly 1% on demand for the metal as a safe haven investment away from market turmoil as the euro zone troubles deepened.  In the local market, some support seen from base metal counter also which lead the rally.

Reliance Industries Buy for Tomorrow The stock is underperforming due to overhang of allegations. It is attractively priced at 4.5 time of FYRs.13 PE. The firm has received recent renewal of distribution licence in Mumbai for 25 years. It has got permission to hike tariffs in Delhi by 22% . Buy with a target of Rs. 723. Ril Buy at CMP for the target of 900 & 911.50 with SL - 885.00 Bharti Aritel The stock tried to breach its support levels in today's trading session, one could hold the short positions in the stock till it crosses the level of 497 in upside as it is expected to move till the levels of 378-375 in near term.