TopNews

India’s first depot for standard gauge trains has come up at Mundka.

Equipped with several stat-of-the-art facilities, the Mundka depot will cater to Delhi Metro Rail Corporation’s (DMRC) first standard gauge line from Inderlok Metro station to Mundka in west Delhi. The Mundka line, or the green line in DMRC’s parlance, will open for the public in March.

Constructed at an approximate cost of Rs 175 crore, the Mundka depot is smallest of the 7 DMRC depots in Delhi (in terms of area).

Spread over an area of 10.83 hectares, Mundka depot has the capacity to hold 90 coach trains at a time.

Guar yesterday as per expectation ended down but may trim losses on bargain-buying supported by lower production view and thin arrivals. In the Jodhpur spot market, guar price dipped 56 rupees to end at 2,336 rupees per 100 kg. Guar yesterday we have seen that market has moved -1.75%. Market has opened at 2352 & made a low of 2277 versus the day high of 2383. The total volume for the day was at 382540 lots and the open interest was at 199970.Now support for the guar is seen at 2258 and below could see a test of 2215. Resistance is now likely to be seen at 2364, a move above could see prices testing 2427.

Trading Ideas:

Guar trading range is -1589-3177.

A U. S. psychiatrist who specializes in eating disorders, says that the control and perfectionism of Olympic figure skating can have a darker side.

In a two-part column on DailyStrength. org, Dr. Kimberly Dennis, medical director at Timberline Knolls Residential Treatment Center, says, that a former national champion figure skater estimates some 80 percent of national level competitors suffer with eating disorders or serious body image issues.

Jinchuan Group raised ex-works nickel prices by RMB 8,000/mt to RMB 153,000/mt on February 17th and raised ex-works nickel prices further by RMB 5,000/mt to RMB 158,000/mt on February 20th. Nickel has touched a low of Rs 938.1 a kg after opening at Rs.949.6, and last traded at Rs 941.5.For today market is looking for the support at 934.5, a break below could see a test of 927.4 and where as resistance is now likely to be seen at 952.2, a move above could see prices testing.952.2, a move above could see prices testing 962.8.

Trading Ideas:

Nickel trading range is 927.4-962.8.

U. S. officials have said that the aging of the baby boom generation is resulting in a dramatic increase in levels of illicit drug use among adults 50 and older.

The increases may require the doubling of substance abuse treatment services needed for this population by 2020, said Pamela S. Hyde of the Substance Abuse and Mental Health Services Administration.

It is shown by the report, "Illicit Drug Use among Older Adults," that an estimated 4.3 million adults aged 50 or older, or 4.7 percent, used an illicit drug in the past year.

Union workers at the Xstrata Brunswick zinc mine in Canada have voted in favour of a three-year extension of a collective bargaining deal that will surpass the expected closure of the mine, Xstrata said. Zinc yesterday we have seen that market has moved -3.19%. Market has opened at 107.3 & made a low of 104.2 versus the day high of 107.65. The total volume for the day was at 33829 lots and the open interest was at 3507.Now support for the zinc is seen at 103.4 and below could see a test of 102.1. Resistance is now likely to be seen at 106.8, a move above could see prices testing 109.

Trading Ideas:

Zinc trading range is 102.1-109.