Despite some positive news on inflation and a possible settlement in Reliance Industries, the index was meeting with resistance, and there was also a lack of buying ahead of the advance tax payment on June 15. |
Results expectations have started building in the stock prices. One needs to be cautious at these levels and trade with strict stop losses. |
The recommendation is to go for commodities such as soy and cotton, which you can benchmark against global prices. |
We look forward to working with NYBOT to help the Indian cotton and sugar industries to hedge their price risk more efficiently. |