Gold remained to trade on a weak note, as it slightly breached below the weekly swing low.
The yellow metal was not capable to break the neckline of head and shoulders model at $900 and fell down, hinting that the first conservative target of $845 is on the right track.
The weekly momentum oscillator maintains with a downbeat crossover of the moving average and is close to give a crosswalk under the zero line.
The oscillator on the every day charts is dealing below the zero line. It has yet again given a bearish crossover of the moving average, in support of the bearish preconception.
The man who was instrumental in bringing about a turnaround for the Axis Bank is on his way out - that too three months before his tenure officially comes to an end!
According to a recent report by the information technology research and advisory firm Gartner, the economic downturn and protectionist measures of western countries notwithstanding, the market share of the business process outsourcing (BPO) industry will likely increase two-fold over the next couple of years. 
In its endeavor to overcome volatility in potato futures trade, National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX) of India have imposed a 10 percent additional margin on sale positions and 15 percent margin on buy positions. 
Close on the heels of the last week announcement of an increase of fuel surcharge on air tickets by Jet Airways and Kingfisher Airlines, the economical airlines, SpiceJet Ltd, has also decided to raise fuel surcharge on domestic sector air tickets by up to Rs 300.
The Ministry of Tourism Secretary, Sujit Banerjee, announced on Monday that a boost to the tourism sector is on the cards, with the government having already approved 28 mega infrastructure projects - an apparent move towards granting "infrastructure" status to the sector. 
