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Gold ended last week lower on reduced safe-haven buying as investors sought to buy riskier assets such as equities on improving economic outlook. Gold is completing its third consecutive down week at 20069. The close below 20100 is a bearish development, suggesting the metal should trade down to 19600. The overall pattern has formed into a large head and shoulders reversal pattern. Now support for the gold MCX is seen at 20041 and below could see a test of 20014. Resistance is now likely to be seen at 20087, a move above could see prices testing 20106.

Trading Ideas:

Gold trading range is 20014-20106.

New Delhi, Jan 24 - After a dull 2010, Bollywood has started 2011 on a high note. Four much anticipated films - "No One Killed Jessica", "Yamla Pagla Deewana", "Turning 30" and "Dhobi Ghat" - have opened to good reviews and profits at the box office.

"No One Killed Jessica", the year's first release Jan 7 that stars Rani Mukerji and Vidya Balan, is still going strong at the box office two weeks on and has grossed Rs. 380 million ($8.3 million) so far. It has been co-produced by UTV Spotboy.

New Delhi, Jan 24 - They say men never grow up and filmmaker Madhur Bhandarkar is exploring this pyche of men in a humorous way through his new romantic comedy "Dil Toh Bachcha Hai Ji" releasing Friday.

Starring Ajay Devgn, Emraan Hashmi and Omi Vaidya, "Dil Toh Bachcha Hai Ji" is the slice of life movie that talks about three men and their encounters with love. Shazahn Padmasee, Shruti Haasan and debutante Shraddha Das will play their love interests respectively.

State Bank of India (SBI) has made the record making net profit with 14% growth in the third quarter. It has over passed all the estimates made by the analysts.