Nifty Trend For Tomorrow

Market continuously going upside. Today it has gained 202.19 points in BSE and set itself in bullish position. Short covering in European markets post deep cut yesterday too improved sentiments. The 30-share BSE Sensex recovered from previous loss - rose 202.19 points to close at 17,065.00 and the 50-share NSE Nifty jumped 60.35 points to end at 5,124.65. Market may hold the same position in next trading session also!!

Technical Levels in Nifty-50 for Tomorrow:

Resistance  :  R1  :  5200,  R2  :  5270.

Support       :  S1  :  4940,  S2  :  4860.

MCX Commodity Report For Today : 25th Aug '11

Sharp decline in gold today While this decline is increasing. On MCXgold prices is around Rs. 25000. Due to the rising edge of the margin COMEX on Wednesday it has seen a sharp decline in the gold About 11 per cent of the international market, gold has broken 10% record levels.

Federal Reserve Chairman Ben Bernanke is going to be the third rescue package (Qi 3) can be declared. Market's view is based on the stimulus package.

MCX silver is being traded on the decline. Silver in the domestic market at Rs 59 465.

The slight decline in crude oil. On MCX, crude oil is at Rs 3947.

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