Crude OIL - $100 again ?????

The Nifty remained sideways for most of today even as the Asian markets rallied. It seems the results season is having its effect. One thing keeps coming to my mind often - will the Sensex / Nifty peak out before Asia does ???

Well as for happenings in the other markets - Crude Oil is remaining above the $82 mark and has regained $85. The price chart structure is indicating that it is getting ready for the next lap towards $100. How soon , that we cannot say.



I expect that on the MCX , a break above Rs 3845 should give the necessary trigger for the move to 4000/- and then beyond it. There is strong base currently near to 3600/- However on break out, one can use a stoploss just near 3720/-

And yes, somethings cooking in NATGAS too.... we shall that in subsequent blogposts...

Happy trading!

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
www.investogyan.com