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Gold steady retaining small gains from the previous session, as investors watched for the latest news on the euro zone's solutions to its debt crisis, as strength in the dollar weighed. Gold is set to rise this year, but may struggle to replicate last year's stellar performance as the euro zone debt crisis recedes and authorities around the world start to look towards tightening monetary policy. Now support for the gold MCX is seen at 20245 and below could see a test of 20197. Resistance is now likely to be seen at 20331, a move above could see prices testing 20369.

Trading Ideas:

Gold trading range is 20197-20369.

TCS reported revenue growth of 7%QoQ (6%QoQ @cc) to USD2,144mn, in-line expectations, with a volume growth of 5.7%QoQ. It exceeded expectations at bottomline to report EPS of Rs11.9. Strong hiring continues (20,219 in Q3).

Revenue momentum continues

'Jhalak Dikhla Jaa 4' is having a Madhuri tribute this week and the participants are all geared up to give their best shot by performing on hit numbers from Madhuri's films.

Bengali entertainment industry has lost two important artists on Monday. Actress Gita Dey took her last breath at a private hospital in Kolkata at the age of 79 years. As per the hospital sources, she passed away at 12:10 am after staying here for last one-and-a-half month. She was brought to the hospital after a cardiac arrest.

Technical analyst Salil Sharma has maintained 'sell' rating on Kotak Mahindra Bank Limited with a target of Rs 392.

According to analyst, the investors can sell the stock with a stop loss of Rs 411.

Mr. Salil added that it is better to sell the stock at this time as it looks weak.

Today, the stock of the bank opened at Rs 408.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 529.50 and a low of Rs 354 on BSE.

Singapore, known for its great fashion in women’s high street and couture genres is now reportedly all ready to host the first ever Men’s fashion extravaganza week this side of the globe. The event is being organized by Fide Multimedia Pte Ltd and One International Holdings Pte Ltd.

The event is to be something as big as any fashion week with most designers scheduled to be flown down to Singapore. The tickets are also open for public purchase and according to reports some 30% of the total has been land marked for it.