COMMODITY NEWS
BULLION
Gold:
Price of Gold hold a trend of remaining weak.It is advisable to be trade with the range 29400 - 29800 for the day. If prices hold above 29650, a move is expected around 29800-29850.
Silver:
Prices move around 53000-54300.
BASE METAL
Copper:
Prices hold a continues selling pressure on the day traders . It is advisable to trade around 421-427.
Nickel:
Prices reveals a selling pressure for the day traders,around 900-895. It is advisable to trade within the range 900-925.
Lead:
Prices expected to move around 123-122.50.Day traders are advised to trade with SL above 125.30 for the target of 123.
ENERGY
Crude:
Prices expected to move around 5020-5000. Intraday resistance can move around 5100-5000.Day traders are advised to trade if prices sustain below 5070 with SL above 5100.
STOCK NEWS
Everyone's Eyes is on Finance Minister P. Chidambaram, he promises for big ticket reforms. The key thing for watch out is the government's posture on fiscal discipline and the execution of recent reforms effectively.
The main concern of looking for the market is that the fiscal deficit concerns will going to be addressed or not.
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