Sensex and Nifty opened with high leads today but indices erased their early gains and drifted in the negative zone. Sensex dropped 34 points to 28299 and Nifty dropped 14 points to 8754. Smallcap and Midcap sectors are trading in the positive zone. BSE SMallcap is 51 points up to 13260, BSE Midcap is trading 32 points up to 13581 and Nifty Midcap has gained 70 points to 16050.
Overall 1391 shares have been advanced, 938 shares have declined and 108 shares are unchanged.
Commodity market is showing avarage movements today. Gold declined 23 points to 30024, Silver has hiked 74 points to 42955 and Crude Oil is trading up by 11 points at 3276.
GOLD: Buy is advised above 30506.5 with a stoploss at 29704.2 Below 29477.3 go for sell
Intraday Resistance of GOLD are 30218.3 : 30445.6 : 30822.9 : 30251.3 : 30287.5
Intraday Support of GOLD are 29763.7 : 29536.4 : 29159.1 : 29731.8 : 29695.9
SILVERMIC: Sell below 41412.9 Buy is not advised till it cross 44388.7
Intraday Resistance of SILVERMIC are 43599.1 : 44300.1 : 45463.9 : 43209.2 : 43252.5
Intraday Support of SILVERMIC are 42196.9 : 41495.9 : 40332.1 : 42587.9 : 42545
Crude oil continues with the bearish movement and if rate trades below the 3800 in future trading session then this trend can show additional selling force towards next Intraday hold level of the 3750.
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