COMMODITY NEWS
Bullion
Price of Gold are expected to be fall till 53266. Which cause rise in selling. It is adviseable to be strategic due to weak short term trend.
Silver:
Prices fall till 53266 level, which causes a fresh selling.
Base Metal
Prices are expected to down upto 432. Intraday resistance can move from 428 to 427.
Nickel:
Prices are expected to reveal a pressure of selling around 900. It is adviseable to move around 900 to 936.
Lead:
Prices expected to support at 124.50 if intraday day resistance can be seen sustain 124.50, traders can enter a long bounce back. Expected range for the day trade 124.50-128
Energy
Prices reveals a negative move. Intraday resistance can move from 5190 to 5110. Selling is advisable for the day.
STOCK NEWS
- Losses of Equity market extended by falling 1 percent. Bharti Airtel, the biggest gainer on the sensex, appreciated by a bare 0.5% reflecting a thrashing witnessed on street.
- After showing a continues sector's loan growth by RBI data, Bank shares fell sharply. Data showed banks registering a 8.7 % in advance this fiscal year as compared to previous year 11.2 %. Deposits growth rose by 7.8 % against last year 11.4 %. ICICI Bank increses more than 2 %, while Axis Bank fell down by 1.36 %. State Bank of India fell down by 0.8 %
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