Morning Technical Analysis: Metals & Energy – March 11, 2025 Bullion Market Overview The bullion market remains in focus as gold and silver prices fluctuate within key technical levels. MCX Bulldex (Rs) Support Levels: S1 ₹20,150 | S2 ₹19,840 Resistance Levels: R1 ₹20,690 | R2 ₹20,820 MCX Gold April (Rs) Support Levels: S1 ₹85,110 | S2 ₹84,810 Resistance Levels: R1 ₹85,650 | R2 ₹85,880 Spot Gold ($) Support Levels: S1 $2,830 | S2 $2,770 Resistance Levels: R1 $2,940 | R2 $3,000 Gold remains strong near resistance levels, with ₹85,650 on MCX and $2,940 on the spot market being crucial breakpoints. A move above these levels could indicate further bullish momentum. MCX Silver May (Rs) Support Levels: S1 ₹95,330 | S2 ₹94,210 Resistance Levels: R1 ₹97,570 | R2 ₹98,590 Spot Silver ($) Support Levels: S1 $31.60 | S2 $31.00 Resistance Levels: R1 $32.80 | R2 $33.40 Silver is testing upper resistance at $32.80 and ₹97,570. A breakout above these levels could push prices higher. Base Metals Ou...
IndusInd Bank Shares Hit 52-Week Low After Analyst Downgrades: What’s Next? Stock Performance: A Sharp Decline IndusInd Bank shares fell to a 52-week low, declining 5% in trade on Monday, March 10, after multiple analysts downgraded the stock and cut their price targets. This drop comes on the heels of the Reserve Bank of India's (RBI) decision to approve a one-year extension for CEO Sumant Kathpalia. Analyst Ratings: Mixed Sentiments Despite the sharp correction, market sentiment remains divided: ✅ 30 out of 51 analysts still rate IndusInd Bank as a "buy". ⚖️ 15 analysts maintain a "hold" rating. ❌ 6 analysts have issued a "sell" call. Despite the stock’s weakness, consensus price targets indicate a potential upside of 24%, suggesting that some analysts still see long-term value. UBS Downgrade: A Major Bearish Signal? One of the most notable downgrades came from UBS, which: Lowered its rating on IndusInd Bank from "neutral" to ...