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Guar erased early gains to end weak as forecast of normal monsoon rains and weak demand of churi and k

The world nickel market was in a surplus of 11,000 metric tons in January to March, the World Bureau of Metal Statistics said. World nickel production was 339,400 tons, and consumption was 328,800 tons, up 22% compared with the same period a year ago. Nickel has touched a low of Rs 961.2 a kg after opening at Rs.990.2, and last traded at Rs 993.5.For today market is looking for the support at 971.1, a break below could see a test of 948.8 and where as resistance is now likely to be seen at 1005.9, a move above could see prices testing 1018.4.

Trading Ideas:

Nickel trading range is 948.8-1018.4.

The global zinc market was in a 293,000-metric-ton surplus January to March this year, larger than the surplus in the same period for 2009, the World Bureau of Metal Statistics said. Zinc yesterday we have seen that market has moved -0.23%. Market has opened at 86.5 & made a low of 83.45 versus the day high of 86.8. The total volume for the day was at 42694 lots and the open interest was at 6407.Now support for the zinc is seen at 84.3 and below could see a test of 82.2. Resistance is now likely to be seen at 87.6, a move above could see prices testing 88.9.

Trading Ideas:

Zinc trading range is 82.2-88.9.

Stock market analyst Kunal Saraogi is of the view that investors can hold Punj Lloyd stock with a stop loss of Rs 132.

According to him, the investors can sell the stock on any rally.

Today, the stock opened at Rs 135.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 298.80 and a low of Rs 140.05 on BSE.

Current EPS is -1.96.

As part of its inorganic development strategies, Punj Lloyd Engineering, a wholly owned arm of Punj Lloyd Ltd, is making plans to get hold of a company in the Middle East or other geographies.

The Shahid-Bebo starrer 'Milenge Milenge' is giving Boney Kapoor a bad time.

The split between Kareena and Shahid is ruining the promotional video and giving restless nights to Boney.

The Kapoor duo may have ended their love relationship on a bad note, but amazingly, their 'Jab We Met' mesmerized the viewers and gathered honors for the pair.

Boney directed flick 'Milenge Milenge' will star these separated lovers together on screen for the first time after their split.

Copper pared its gains on worry that the debt troubles in the euro zone will hamper economic recovery and crimp demand for the industrial metal. Inventories of copper stored in LME warehouses fell 925 metric tons, leaving them at 482,225. The most recent Comex inventory data, released late Tuesday afternoon, were unchanged at 101,242 short tons. Copper has touched a low of Rs 300.2 a kg after opening at Rs 305.2, and last traded at Rs305.9.For today market is looking for the support at 301.5, a break below could see a test of 297.1 and where as resistance is now likely to be seen at 309, a move above could see prices testing 312.2.

Trading Ideas: