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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Share Tips For Today

Oil And Natural Gas Corporation Ltd.

Sell ONGC below 276,

Target: 273-270, Stoploss: 281.

Bharat Heavy Electricals Ltd.

Buy BHEL above 1765,

Target: 1775-1788, Stoploss: 1753.

Axis Bank Ltd.

Buy Axis Bank above 1086,

Target: 1096-1105, Stoploss: 1073.

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Market For Tomorrow: 24th Aug '11

After a bullish trend of yesterday's session market moves continuously upside, Market may recover from the bearish trend of last some days. Today Sensex closed at 16,498.47 with the +156.77 up points or up by 0.96%. And the Nifty closed at 4,948.90 having +50.10 positive points or 1.02% up. Tomorrow Market may show its strength again.

In Nifty technically the market is in a typically sideways zone with 4870 as a strong support zone to work with and 5010 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the Resistance level of 5010 else below the Support level of 4870 it would be down trend.

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Share Tips For Today: 23rd Aug '11

State Bank of India

Buy State Bank of India above 2063,

Target: 2075-2088, Stoploss: 2050.

Oil And Natural Gas Corporation Ltd.

Buy ONGC above 287,

Target: 290-292, Stoploss: 284.

Reliance Industries Ltd.

Buy Reliance Industries above 759,

Target: 765-774, Stoploss: 748. 

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Market Trend For Tomorrow : 23rd Aug '11

After the long period of down trend Now market Moves to upside, After a long bearish session Market has shown its strength and today Sensex closed at 16,341.70 with the +200.03 up points or up by 1.24%. And the Nifty closed at 4,898.80 having +53.15 positive points or 1.10% up. Tomorrow Market may show its strength again.

In Nifty technically the market is in a typically sideways zone with 4800 as a strong support zone to work with and 4980 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the Resistance level of 4980 else below the Support level of 4800 it would be down trend.

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