Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude settled steady on Saturday after falling on Friday after the U.S. Securities and Exchange Commission sued Goldman Sachs Group Inc. U.S. demand for crude oil and petroleum products increased 3.5 percent in March from a year ago, the American Petroleum Institute said. Now support for the crude is seen at 3687 and below could see a test of 3682. Resistance is now likely to be seen at 3698, a move above could see prices testing 3704.

Trading Ideas:

Crude trading range is 3682-3704.

Crude settled steady Saturday after falling Friday after the US Sec sued Goldman Sachs

Accidental firing from Canadian general's rifle to be probed

Accidental firing from Canadian general's rifle to be probedIt has been informed by officials that European airlines grounded for a fourth day by ash from a volcanic eruption on Sunday conducted test flights through a layer of volcanic ash.

The Los Angeles Times has reported that the inability to fly through the ash without damaging jet engines has left thousands of travelers stranded and caused mounting economic losses. As the volcano continued erupting in Eyjafjallajokull, the plume of ash spread as far south as Italy, which closed some airports in the northern part of the country.

Commodity Outlook for Silver by KediaCommodity

SilverSilver has collapsed to our massive technical support of 17.66. The weekly close is very bearish due to matching 18.60 previous week high and close through last weeks low of 17.87. A break of 17.66 opens up a test of 16.55. The Gold Silver ratio held last weeks low of 62.65 and is now closing above previous major March pivot of 64.13. We have been bearish the Gold Silver ratio but the close above 64.13 turns us neutral. Now support for the silver is seen at 26982 and below could see a test of 26919. Resistance is now likely to be seen at 27086, a move above could see prices testing 27127.

Trading Ideas:

Silver trading range is 26919-27127.

Commodity Outlook for Gold by KediaCommodity

GoldGold on Saturday ended positive on the notes that some short covering is seen by small traders on the last day after the gold fell on Friday heavily on Goldman Sachs issue. Gold has dropped down to 1135 to close the week compared to last Fridays 1163. The reversal back through 1145 is disappointing for bulls and opens up the risk of a test of 1122. This is the first down week in Gold following 3 up weeks off of 1085. Now support for the gold MCX is seen at 16585 and below could see a test of 16562. Resistance is now likely to be seen at 16627, a move above could see prices testing 16646.

Trading Ideas:

Gold trading range is 16562-16646.

"These are great time. Today, people are giving me responsibility" - Arjun

Arjun-RampalA block of wood. Nothing more than a piece of furniture. A good looking bloke who is fit just for the ramp. These were some of the comments reserved for Arjun Rampal, an established model then, who believed that he had it all when he had as many as three films of his releasing in his debut year (2001) - 'Pyaar Ishq Aur Mohabbat', 'Deewanapan' and 'Moksha: Salvation'.

Today, close to a decade later, he is being wooed by the biggest of film makers, as can be seen in his current body of work which includes 'Housefull', 'Rajneeti' and the remake of 'Stepmom'. No wonder, he can be seen smiling as he moves ahead in his journey.

Director Susindhran’s next is ‘Azhagar Saamiyin Kudhirai’

kajal-agarwalFilmmaker Susindhran made his debut directorial with ‘Vennila Kabadi Kulu’ and literally turned the spotlights on him. The film was lauded by every filmmaker, producer and superstars of Tamil film industry and is now getting remade in Telugu by producer R. B. Choudary.

His ability to make reality theme based films won him more offers including Karthi starrer ‘Naan Mahan Alla’. The film is produced by K. E. Gnyanavel Rajan and features Karthi-Kajal Agarwal in lead roles. Much alike his previous film, even this one is based on a drama focalizing on father-son relationship that turns into a crime thriller during second half.

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News in Focus

Mitesh Thakkar: BUY TCS, Dr Reddy’s; SELL Axis Bank and BPCL

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session.

Ashwani Gujral: BUY Tech Mahindra, Divi’s Labs, Sun TV; SELL M&M Finance and Manappuram Finance

Market analyst Ashwani Gujral has suggested three BUY Calls and two SELL Calls for today’s trading session. Indian markets have been facing selling pressure as global trends have turned bearish.

Mitesh Thakkar: BUY HCL Technologies, Godrej Consumer; SELL Bajaj Finance and ONGC

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s session. Indian markets are expected to trade lower today, especially after yesterday’s big decline.

Sudarshan Sukhani: BUY UPL, Apollo Hospitals; SELL Coal India and Axis Bank

Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session.

Mitesh Thakkar: BUY Cipla, Bharti Airtel; SELL Bajaj Finserv and Hindustan Unilever

Market analyst Mitesh Thakkar has suggested two BUY Calls and two SELL Calls for today’s trading session.

Sudarshan Sukhani: BUY Dabur, UPL, Aurobindo Pharma; SELL PVR

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session.