Copper Update

Copper costs ongoing to smash reduced on the week’s last dealing time as traders turned to risk aversion since problems amplified over reducing action in globe's biggest economic climate after the tasks data revealed US nonfarm payrolls increased by only 115,000 in Apr in the midst of objectives of 168,000. The red steel costs decreased around three percent for the week, saw their failures to cap it for the day since supply side issues appeared in the midst of reviews that top customer Chile once again battled with reduced than predicted copper production. Copper futures trading for September shipping decreased 1.50 dollars or 0.4% to close at $3.7210/lb, after dealing as high as $3.7550 and as low as $3.7025/lb on the Comex materials department of the New You are able to Mercantile Exchange.

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LTR UPDATE..

Sell Apollo Tyres below 81.50 Trgt Rs 78/75/71SL Rs 90.

Buy Arvind above 87.30 Trgts 89/91/93 SL 84.50,

Sell EDUCMP below 40 SL 183.85, Trgt 176.15/ 173/ 171/ 167

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LTR Call: Buy HCLTECH @ 520.20, SL 513, Trgt 523/ 525.85/ 532
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LTR Call: Buy HCLTECH @ 520.20, SL 513, Trgt 523/ 525.85/ 532
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Free call for today:

Buy ARVIND 95 CE @ 2.75, SL 1, Trgt 2.95/ 3.25/ 3.95/ 5
Buy TTKPRESTIG @ 3619, SL 3593, Trgt 3622/ 3627/ 3635/ 3655


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Free Intraday Call for today

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buy tata global at120 sl- 116.95 t-121.6,123.2 and 124.8
sell jp associate at 72.7- 80 sl74.2 t-71.7, 70.7,69.7

Options:  buy reliance 31-may 2012 ce 740 at 17 sl-13.40 t19, 20.5,22,23.5

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Indian Stock Market Trend Today :- Due to poor signal from international markets and Continued weakness in Rs. Domestic Markets is beginning with weakness. Sensex down 72 points on 17 230 and Nifty fell 28 points is open at 5211. Hero Motocorp shares decline by 5% despite of good results of fourth quarter.

U.S. Market Trend :- Because of Poor Economy statistics and Eurozone related NEWS U.S. Markets slight decline. U.S. private companies was lower than expected number of new jobs In March and factory orders decreased 1.5%.

Because of Unemployment increase in Italy and Spain European markets 1 to 0.5 % decline. Number of unemployed in Eurozone in March around 11% that is reached the highest level for 15 years.

Asian Market Trend :- Asian markets are under pressure because of American and European markets are weak. Hang Sang, Shanghai Composite, Kospi, Taiwan index decline by 0.5 to 0.2%. Singapore Nifty is in red. However Nikkei is strong.