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Silver did not get the same safe-haven boost as gold after debt ratings downgrades for Greece and Portugal, instead falling with other metals that rely heavily on industrial uses. Now technically market is trading in the range as RSI for 18days is currently indicating 56.7, where as 50DMA is at 27079 and silver is trading above the same and getting support at 27426 and below could see a test of 27292 level, And resistance is now likely to be seen at 27771, a move above could see prices testing 27982.

Trading Ideas:

Silver trading range is 27292-27982.

Silver yesterday ended down tracking weakness in crude and copper prices

The Conference Board said on Tuesday that U. S. consumer confidence rose in April for the second consecutive month of gains.

The monthly Consumer Confidence Index, which uses 1985 as a base year with an assigned value of 100, rose from 52.3 to 57.9 after dropping 10 points in February and rising 6 points in March.

Gold rose defying a sharply stronger dollar, as investors piled into the metal as a safe haven after Standard & Poor's downgraded sovereign credit ratings of Portugal and Greece. Now technically market is trading in the range as RSI for 18days is currently indicating 58.71, where as 50DMA is at 16689 and gold is trading above the same and getting support at 16792 and below could see a test of 16647 level, And resistance is now likely to be seen at 17016, a move above could see prices testing 17095.

Trading Ideas:

Gold trading range is 16647-17095.

Gold rose yesterday defying a sharply stronger dollar

Technical analyst Salil Sharma is of the view that investors can buy IVRCL Infrastructures & Projects stock for short term target of Rs 197.

According to Sharma, the investors will buy the stock at current levels with a stop loss of Rs 180.

Today, the shares of the company opened at Rs 178 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 212.40 and a low of Rs 74.50 on BSE.

Current EPS & P/E ratio stood at 7.85 and 23.03 respectively.

Technical Analyst Salil Sharma has maintained 'buy' rating on Zee Entertainment stock to achieve an intraday target of Rs 313.

According to him, interested traders can purchase the stock with a stop loss of Rs 296.

The shares of the company, on April 27, closed at Rs 102.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 314.70 and a low of Rs 110.45 on BSE.

Current EPS & P/E ratio stood at 11 and 27.45 respectively.

According to the media reports, Credit rating agency Standard & Poor's on Tuesday, downgraded Greek debt to junk status, spurring a sell-off in Europe and a run for cover in U. S. equity markets.

The New York Times has reported that S&P also downgraded Portuguese debt, but not close to the level of Greece, which lost its hold on its debt as investment grade.

"Sovereign credit worthiness" in Greece, "is no longer compatible with an investment-grade rating," S&P said.