Equity benchmarks and broader markets gained further in noon, backed by index heavyweights Reliance Industries, L&T, HDFC and ICICI Bank. The 30-share BSE Sensex was up 197.50 points at 29,818 and the 50-share NSE Nifty gained 38 points at 9,211.75 while the Nifty Midcap climbed 0.7 percent and Smallcap was up 0.9 percent.
Crude oil prices are expected to trade high for the day, as expectations that OPEC will extend production cuts to help re-balance global market.
BUY CRUDE OIL APR IN THE RANGE OF 3280-3300 TARGETS 3360/3420 STOPLOSS 3230. Technically crude oil is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy on lower level strategy.