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Copper ended higher as optimism about demand gained ground on stronger-than-expected manufacturing data from the United States and Europe. The metal also gained as some saw easing Chinese manufacturing numbers as pointing to a lessened likelihood that authorities in the world's largest copper-consuming nation will move to further cool their economy. Copper inventories stored in LME-monitored warehouses fell by 425 metric tons Monday, to 413,075. For today market is looking for the support at 340.2, a break below could see a test of 336.3 and where as resistance is now likely to be seen at 346.5, a move above could see prices testing 348.9.

Trading Ideas:

Crude settled higher after a wave of strong manufacturing-sector data renewed investors' faith in the global economic recovery.  Oil inventories still have the potential to reverse recent gains in the futures market, however. U.S. stockpiles shot up 7.3 million barrels in last week's report from the Energy Information Administration, and supplies are well above average despite months of economic growth. Now support for the crude is seen at 3687 and below could see a test of 3620. Resistance is now likely to be seen at 3794, a move above could see prices testing 3834.

Trading Ideas:

Crude trading range is 3620-3834.

Strong cues from global market attracted good buying in BANKING, AUTO, METALS, INFRASTRUCTURE and FERTILIZERS. SENSEX closed at 18081, up 212 points and Nifty at 5431, up 64 points from the previous close. CNX MIDCAP index was up 1% and BSE SMALLCAP index was up 0.9%. The market breadth was positive with advances at 819 against declines of 457 on the NSE. Top gainers included ICICIBANK, BHARTIARTL, SBIN, ONGC, STER and PNB. Top losers are listed as WIPRO, TCS, NTPC, CIPLA, M&M, RPOWER and SAIL.

Silver yesterday ended firm tracking firmness in base metal and crude oil counter. Silver with more industrial uses than gold fared better, also rose on better-than-expected U.S. manufacturing and construction data. Silver opened its low at 28721. The metal was later galvanized by euphoric gold and base metals to a high of 29197 on enhanced fund bidding before dollar revival knocked the commodity to a close of 28990.Now support for the silver is seen at 28742 and below could see a test of 28493. Resistance is now likely to be seen at 29218, a move above could see prices testing 29445.

Trading Ideas:

Silver trading range is 28493-29445.

Gold ended weak but recovered from its losses supported by rallies across many commodities and a weake

Police have revealed that eight people were killed and 67 injured Monday in a fourth day of clashes between separatists and security forces in Indian-administered Kashmir.

CNN reported on Monday that an unnamed police spokesman said four people were killed when mobs attacked police facilities, and railway and government property in north and south Kashmir.

Another person died in Sangam in south Kashmir, with locals saying the victim was beaten by security forces but officials blaming a stampeding mob.