Tuesday, November 29, 2011

MCX India Market Data

Copper updates

Copper regain its position at last trading hours copper again bounce backed and finally closed at 387.25. Base metal leader copper if tomorrow cross 394 level & it would be in bullish trend else from the level of 376 its seems bearish.

Petrol prices may cut down by 1 Rs.
In near future petrol prices again drop down by 1 rs. Its clear indication from top level of oil companies that oil prices in indian are going to be down. Indian state refiners could cut retail prices of petrol by about one rupee a litre or 1.5 percent as softening Singapore spot petrol prices have offset the impact of a declining rupee, an industry source said on Monday. Dollar week ness impact & crude oil prices may down petrol again.

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