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Guar yesterday ended down on some profit booking.

Nickel prices declined on account of profit booking. Major steelmakers are announcing price of steel product rise in January which also weighed on prices. Nickel has touched a low of Rs 1116.5 a kg after opening at Rs.1131.5, and last traded at Rs 1119.1.For today market is looking for the support at 1112.1, a break below could see a test of 1105 and where as resistance is now likely to be seen at 1130.6, a move above could see prices testing 1142.

Trading Ideas:

Nickel trading range is 1105-1142.

Nickel ended weak on account of profit booking

Nickel is having resistance at 1130.60 and support at 1112.10 level.

Silver prices rose on persistent buying from stockists as well as seasonal demand in tandem with a rising trend overseas. Silver prices were also supported by firm copper prices. Silver above 44200 looks positive till 44750 level only a break below 44000 mark some pressure can be seen. The Gold Silver ratio is closing at 47.07. The ratio remains weak with next support levels seen at 45.42 and 44.08 the

The rise in Zinc surplus is expected to pose pressure on the prices of metal in coming days. The surplus of refined Zinc stood at 360000 tonnes in Jan-Oct 2010 as per the report from World Bureau Of Metal Statistics (WBMS). Zinc yesterday we have seen that market has moved 0.38%. Market has opened at 103.5 & made a low of 103.2 versus the day high of 104.7. The total volume for the day was at 17219 lots and the open interest was at 8737.Now support for the zinc is seen at 103.4 and below could see a test of 102.5. Resistance is now likely to be seen at 104.9, a move above could see prices testing 105.5.

Trading Ideas:

Zinc trading range is 102.5-105.5.

Gold rose with investors chasing the precious metal as the euro weakened against the dollar on concerns over euro zone debt and Ireland's bailout package. Tensions on the Korean peninsula following Seoul's plan to go ahead with live firing drills from a disputed island near the disputed northern border offered additional support. European debt worries kept gold prices in positive territory after Credit-rating agency Moody's downgraded Ireland to a Baa1 rating from Aa2. Now support for the gold MCX is seen at 20548 and below could see a test of 20489. Resistance is now likely to be seen at 20653, a move above could see prices testing 20699.

Trading Ideas:

Mumbai, Dec 21 - Bollywood music director Anu Malik feels a strong bond with stars Kajol and Ajay Devgn, so much so that he believes his songs might be the reason the couple fell in love.

"I don't know whether I'm Kajol's lucky mascot or she is mine but we have had some great hits. I feel a karmic connection with Kajol and Ajay," Malik told IANS.