Tuesday, November 01, 2005

National Aluminium Company jumped nearly 4% to Rs 168.60 on reports that the company has hiked aluminium prices by Rs 3,000 per tonne

The National Aluminium Company (Nalco) scrip had staged a rebound from the
lower level in the past two days ahead of the announcement. From a low of Rs
153.45 on 28 October 2005, the stock gained 5.7% in two trading sessions to
Rs 162.25 on 1 November 2005.

The latest price hike by Nalco is on the back of firm LME aluminium prices.
Domestic aluminium prices track LME prices. In the past one month or so,
LME's aluminium prices edged up to $ 1,980.50 per tonne from $ 1,857 per
tonne at end September 2005.

In the past six months, aluminium prices on the LME have gone up 10% from $
1,795 per tonne at the beginning of May 2005 to the current $ 1,980.50 per


Blogger www.ShareTipsInfo.com Team said...

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This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.




2:48 AM  

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