Alert>> oil futures rose due to a weak dollar index and as Saudi Arabia, in a bid to rein in oversupply, pledged deeper cuts in crude exports in August. The country said it will cap exports at 6.6 mln barrels per day. Nigeria has agreed to adhere to production cuts as soon as its output hits 1.8 mln bpd. Currently, the African nation is exempt from the output cuts. August Nymex futures rose more than 3% today and any close above 47.50$ prices seem to rally further and test 50$ cmp 47.80

 BUY LEAD ABV 148.50 STOPLOSS BELOW 147 TARGET 149.80-151. MCX

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BUY ALUMINIUM ABV 124.20 STOPLOSS BELOW 123.20  TARGET 125.40-126.50. 

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 SELL SILVER SEP BELOW 38200 STOPLOSS ABV 38470 TARGET 37980-37740.MCX

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CLOSING UPDATE: WE HAVE NO ANY OPEN CALLS TO CARRY FOR TOMORROW.MCX

BUY NICKEL AUG ABV 645 ADD TILL 610 SL BELOW 570 TGT 695-740. CMP: 644.30. MCX

SELL SILVER M AUG MCX AROUND 38300-320 ( AVERAGE AROUND 38710) SL ABOVE 38790 TGT 37919, 37615. CMP= 38190

BUY NICKEL M JULY MCX ABOVE 641.75 ( AVERAGE AROUND 632) SL BELOW 628 TGT 651.90, 661.50. INTRADAY TGT 644.80-645.50

Alert>>Copper contracts futures posted a five-month high today as demand likely to improve. The International Monetary Fund on Monday revised China's growth forecast for 2017 to 6.7% from 6.6% it had projected in the last outlook. With better growth, demand for base metals from China is expected to increase as the country accounts for 47% of the global refined copper demand