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Copper ended positive as upbeat economic news, recent price declines and easing geopolitical tensi

Crude rallied as traders cheered reports suggesting a better outlook for the U.S.

Silver yesterday ended down in a volatile trading day as some traders booked profit ahead of US holiday.  The weakness in silver got limited getting support from rising copper and crude oil prices. The Gold Silver ratio is lower today at 49.83. Major support is seen at 47.52 from 2008 low. Now technically market is trading in the range as RSI for 18days is currently indicating 66.64, where as 50DMA is at 36986 and silver is trading above the same and getting support at 41492 and below could see a test of 41112 level, And resistance is now likely to be seen at 42161, a move above could see prices testing 42450.

Trading Ideas:

Indian stock markets bounced back during morning trade today to recover some of its earlier losses.

At 9:20 a.m., the 30-share index Sensex gained 78.28 points (0.40%) to trade at 19,538.13 with 18 components in the positive terrain.

In the meantime, the broad-based Nifty remained up by 18.20 points (0.31%) to trade at 5,883.95 with 27 components topping the gaining charts.

Today, the BSE Sensex belled the day after gaining 100.40 points (0.52%) at 19,560.25, whereas the Nifty began after surging 81.05 points (1.38%) at 5,946.80.

Gold ended lower on modest dollar strength and easing worries over tensions between North and South Korea. A slightly stronger dollar weighed on gold prices as European sovereign-debt contagion fears re-emerged. Gold opened the day at 20480. Dropping initially after good economic data, the metal recovered advancing inline with equities to its high of 20557. Profit taking took the metal to its low of 20367. Range trading for the remainder of the session saw gold close at 20398.Now support for the gold MCX is seen at 20324 and below could see a test of 20251. Resistance is now likely to be seen at 20514, a move above could see prices testing 20631.

Trading Ideas:

Technical analyst Mitesh Thacker is bullish on TVS Motor Company Limited and has recommended 'buy' rating on the stock with a target of Rs 94.

According to analyst, the stock can be purchased above Rs 85 with a stop loss below Rs 82.

Mr. Qureishi also said that the investors can achieve the said target within 2-3 trading sessions.

The stock of the company, on Nov 23, closed at Rs 83.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 85.90 and a low of Rs 28 on BSE.