Target 4 Gains

Positional call Buy CRUDEOIL@4660-65 tgts-4725-4775-4825-4875
stoploss below 4620.

Intraday call SELL SILVER@62600-650,TG1-62250,TG2-62000,
SL-62900
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Intraday call sell NATURAL [email protected],TG1-152,TG2-150,
SL-156.50
target4gains.com, 07411642664

Intraday call sell SILVER@64450-64500,TG1-64150,TG2-64000, SL-64760
target4gains.com, 07411642664

SELL SELL SELL NATURALGAS@152
TGT-150-148-145 STOPLOSS-154.50 CMP(152)
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SELL SELL SELL CRUDEOIL@5025-5030 TGT-4980-4960-4940 STOPLOSS-5055
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Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the rating.

The Reserve Bank of India (RBI) on Monday enhanced the limit of export credit refinance to 50% of outstanding export credit as against 15% earlier. This move is expected to inject over Rs 30,000 crore liquidity in the system. However, bankers do not see any practical usage behind this, at least for the time being. This is more of a sentimental booster as they observe.

Reeling under pressure, Spain the world's 12th largest economy is trying hard to save its troubled banking sector from collapse. Experts and investors are concerned that the fourth largest country in the euro zone may not find enough funds to cover the toxic property loans weighing its banks down.
Robert Parker, Credit Suisse AMC is worried that Spain is a much more serious situation than Greece. "The problem in Spain is that there are macro economic problems with the contraction of the economy which could easily reverse by up to 1.82% this year," he said in an interview to CNBC-TV8.

Indian equity benchmarks continued to trade marginally lower due to profit booking. Asian markets too were down, which may be because of no explicit signal of quantitative easing three (QE3) from Federal Reserve chairman Ben Bernanke.
The 30-share BSE Sensex declined 73.93 points to 16575.12 and the 50-share NSE Nifty went down 25 points to 5,024.65.
Country's second largest software services exporter Infosys crashed 2.2% while its rival TCS fell over 1%.
Top lenders State Bank of India and ICICI Bank were down 1-1.5% whereas their rival HDFC Bank was up 0.2%.
State-owned oil & gas producer ONGC tanked 1.65%. Index heavyweight Reliance Industries was flat.
Auto stocks stayed under pressure. Shares of Tata Motors, M&M, Bajaj Auto and Maruti Suzuki were down 1% each.

The European debt crisis is presenting bargains for cash-rich Asian firms such as Hong Kong-listed conglomerate Hutchison Whampoa Ltd and Malaysian gaming company Genting Bhd, Macquarie Securities said.
Currency weakness and share price declines in Europe are drawing Asian investors seeking to acquire brands with global reach and gain access to higher-value technologies.
"As the prospect of a Greek exit overhangs the (European) Union, increased pressure on asset-owners is likely going to lead to fire-sales,"

Indian benchmarks logged their highest percentage gain since early January, rising on hopes on rate cuts by the Reserve Bank on June 18, its next policy meet. The Nifty surged past the 5000 level in trade, but ended just shy of that mark, up 133 points. The Sensex stood out with a 433 point gain to end the day at 16,454.
Asian markets open trade with smart gains, boosted by positive global cues.