Yes ,RELIANCE (Bhisampitama of Indian Market )….We Indicated :Three Days back and Today Morning Today.Something is on the way.
Yes ,Firework in ONGC ,GAIL ……..watch out ,Tomorrow Morning ,Gap up opening !
We told everybody :781–765 is ROCKBOTTOM !
Our Target intact of 852-870 level
Yes ,870 is LAXMAN REKHA for this stock.Crossover and close for 2 sessions ,Next Target 905-917.
*Think those who bought 860 Call at 17 only !!Let’s see
Biting the bullet, the government today approved near doubling of natural gas prices to USD 8.4 from April 1 next year, a move which will result in rise in power tariff, urea cost and CNG prices.
This will be the first revision in gas prices in 3 years.
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved Oil Ministry’s proposal to price all domestically produced natural gas as per a complex formula suggested by a panel headed by Prime Minister’s economic advisor C Rangarajan, a top source told PTI.
The new price will apply uniformly to all producers, be it state-owned firms like Oil and Natural Gas Corp (ONGC) or private sector Reliance Industries. While it was previously said the new rates would apply to regulated or APM gas produced by firms like ONGC immediately, the pricing as per Rangarajan formula will come into effect from April 1, 2014, just when RIL’s KGD6 formula of USD 4.2/mmBtu runs out.
The Rangarajan formula would be applicable for five years. Read More