Thursday, 2 May 2013

bharti airtel slumps by 49 points and commodity intraday levels and calls for 2nd May

After ending a one day holiday the BSE sensex open on with a fell by 52 points in early trade .it was decline by 52.925 points to 19451.26 the index had gained 217.460points in the previous sessions. Similarly the national stock exchange nifty fell by 19.25 to 5910.95 points.

Bharti Airtel’s fiscal fourth quarter net profit fell by 49.4 % from a year Bharti said Thursday its net profit for the three months ended March fell to 5.09 billion rupees

IN commodity gold silver prices Again fall on sluggish demand due to slackness demand global market may affect a week global trend. While gold gain Rs 50 to RS 26,578per 10 gram, silver also shed 11 Rs to 43638 per kg on lack of buying support. 

The intraday support and level of gold is 26335, 26744. We expect bullion commodity shows fall movement in these month…. 

Commodity intraday level and calls: 

Position on 
BUY On 26560 tgt 26590, 26610, 26630 SL 26530 
Sell Silver tgt 43675, 43705, 43740 SL 43625 
Sell Cotton tgt 18100, 18080, 18060 SL 18140

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