Commodity picks: June 11, 2018 Mustard seed Mustard seed at the benchmark Jaipur market is trading at Rs 4,100 per quintal. During the week, prices are expected to trade lower and head towards Rs 4,050 per quintal. Subdued demand from millers due to negative margins would keep the undertone weak for the oil seed. READ MORE Stock ideas for today by Prabhudas Lilladher: Buy JK Tyre, Ambuja Cements BUY AMBUJA CEMENTS TARGET: Rs 225 STOP LOSS: Rs 195 The stock in the past one month has witnessed much erosion from the peak of 252 to bottom out at around 200 levels and has now indicated a pullback recovery with strength and potential anticipated to give a further rise in the coming days. The indicators like the RSI has been hovering around the highly oversold zone and currently has shown a trend reversal to signal a buy and maintain a positive bias. With rising volume participation in recent days and with favourable indicators supporting our view, we recommend a buy in this stock for an upside target of 225 keeping a stop loss of 195. BUY JK TYRE TARGET: Rs 140 STOP LOSS: Rs 117 The stock has witnessed a decent erosion in 2 months from the peak of 170 to bottom out at around 120 levels and currently has indicated a revival and is poised for an upmove. The RSI has hit the highly oversold zone and has indicated a trend reversal to signal a buy and the chart looks attractive maintaining a positive bias with strength and potential to rise further in the coming days. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of 140 keeping a stop loss of 117. READ MORE Nifty outlook and top trading ideas by Devang Shah for today's trade Short-term outlook for the market remains positive till Nifty trades above 10,417 levels and expecting targets in the range of 10,900-11,000 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE Markets on Friday S&P BSE Sensex 35,443.67 -0.05% Nifty 50 10,767.65 -0.01% S&P BSE 200 4,666.33 0.13% Nifty 500 9,316.25 0.17% S&P BSE Mid-Cap 16,022.37 0.42% S&P BSE Small-Cap 16,887.13 0.58% US-Canada spat escalates after tense G7, Europeans criticise Trump The United States and Canada swung sharply toward a diplomatic and trade crisis on Sunday as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after US President Trump called him “very dishonest and weak.” The spat drew in Germany and France, who sharply criticized Trump’s decision to abruptly withdraw his support for a Group of Seven communique hammered out at a Canadian summit on Saturday, accusing him of destroying trust and acting inconsistently. Trump & North Korea's Kim in Singapore for historic Tuesday summit US President Donald Trump arrived in Singapore on Sunday for a historic summit with North Korean leader Kim Jong Un that could lay the groundwork for ending a nuclear stand-off between the old foes and the transformation of the isolated Asian nation. Trump flew into Singapore’s Paya Lebar Air Base aboard Air Force One, looking to strike a deal that will lead to the denuclearisation of one of America’s bitterest foes.
