Commodity outlook by Tradebulls Securities: Buy lead, natural gas

Commodities outlook & stock recommendations by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

Indian rupee has been on a downward spiral after India’s disappointing index of industrial production (IIP) number last week. On November 13, the Indian rupee broke the 72 level after retail inflation came more than expected and above RBI’s target of 4 per cent. Retail inflation came at 4.68 per cent on the back of a rise in food inflation because of erratic monsoon. On November 14, the rupee did manage to stage a comeback but it was short lived. It seems we will see weak rupee going forward as it has broken its range of 71.60-70.80. We expect rupee