PRECIOUS METALS:
Today, Mercury shall enter in “Punarvasu”nakshatra.
Gold and Silver are expected to decline from today’s US hours, which could continue with volatility till
Monday. Gold could re-test 1,270 & below while Silver could re-test 19.25 & below.
It is recommended to short bullion on higher level (with s/l 1362 for Gold & 21.05 for Silver).
Today’s Trading Range:
– GOLD: 1,348-1,318
– SILVER:20.60-19.95

VIEW ON INDIAN STOCK MARKET

Today, volatile to bearish trend is expected in Indian stock market.
Major pressure is to be encountered in banking sector related stocks.
Today’s Trading Range:

– NIFTY(JULY):6,100-6,020-5,980
– BANK NIFTY: 11,300-10,850 & BELOW(SELL ON RISE)
SELL
– STERLITE S/L 86 TGT 80
– FINTECHS/L 642 TGT 620-600
– SBI
– YES BANK
– DLF
– HDIL
– UNITECH
– AXIS BANK
– PNB
– RCOMM
BUY
– ITC
– DABUR
– INFOSYS
– HCL TECH
——-As sent on 24th July 2013 (07.43 HRS IST)————–
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