Commodity & Stock Market News On 18th Mar 2013

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Delhi, India (prHWY.com) March 18, 2013 - Commodity Tips News Today:
Bullion:
In MCX Silver day traders can trade to sell around Rs 54750 to 54830 with a SL 55275,for target price of 53340 .

Previous week Silver May stiff resistance,but by the end of the week a breakdown through the "running triangular" pattern on daily charts has confirmed that silver has resumed its bearish trend. Further risk is built on down side towards the near-term support of 53340 levels, on flip below the same can extend towards 52710 also.

any rise on upside will be capped around at 54750 levels and bring some selling pressure from the same.Key momentum indicator RSI has gone in selling mode and MACD is still trading below signal line by supporting the view.

Stock News Today:
Indian shares fell for a second consecutive session on 18th Mar as interest-rate sensitive stocks were hit a day before the central bank reviews monetary policy,while broader sentiment was also hurt after Cyprus' bailout plan hit global shares.

ICICI Bank Ltd provisionally fell 1.45 %,Tata Motors Ltd down 1.6 percent,while Maruti Suzuki Ltd shares down 3.1 percent

The BSE index provisionally fell 0.71 percent,while the 50-share NSE index ended down 0.64 %.

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Tag Words: mcx commodity tips

Categories: Finance

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