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Morning Technical Analysis: Metals & Energy – March 11, 2025

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...
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IndusInd Bank Shares Hit 52-Week Low After Analyst Downgrades: What’s Next?

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 ...

Stock Market Prediction for 10th March: Will Nifty Breakout or Stay Range-Bound?

Stock Market Prediction for 10th March: Will Nifty Breakout or Stay Range-Bound? Market Recap: Nifty Struggles for Direction The Indian stock market remained indecisive in the last session, with Nifty 50  showing a lackluster performance. After a weak opening, Nifty briefly crossed the 22,600 mark  but remained range-bound throughout the session. It closed flat with a marginal gain of 0.03%,  indicating a cautious market sentiment. Meanwhile, the Nifty Midcap 100  underperformed the broader index, ending with a ** 0.32% loss **, reflecting weakness in midcap stocks.   Sector-Wise Performance 🔥 Top Performing Sectors : - Energy : Strong buying interest pushed energy stocks higher.   - Media : Positive momentum continued, with select stocks driving the sector up.    ❌ Underperforming Sectors: - Realty : Witnessed profit booking after recent gains.   - Consumer Durables : Struggled due to weak demand outlook....

SpaceX Starship Explodes Over the Bahamas: Another Setback for Musk’s Mars Mission

SpaceX Starship Explodes Over the Bahamas: Another Setback for Musk’s Mars Mission SpaceX’s ambitious Starship program faced another major setback as the massive spacecraft exploded in space on Thursday, just minutes after launching from Texas. This marks the second consecutive failure of the Starship rocket in 2025, raising concerns about the challenges SpaceX is facing in its quest to develop a reliable vehicle for deep-space exploration. Debris Over the Bahamas and Florida Following the explosion, multiple videos surfaced on social media showing fiery debris streaking across the skies near South Florida and the Bahamas. The debris was seen falling as the spacecraft broke apart in space, moments after it began to spin uncontrollably and its engines cut off. The dramatic failure was captured live on SpaceX’s mission stream, showing how the rocket lost control before disintegrating. FAA Grounds Flights Amid SpaceX Failure In response to the incident, the Federal Aviation Ad...

Coforge Shares Surge 9% After Major Announcements – Here’s Everything You Need to Know

Coforge Shares Surge 9% After Major Announcements – Here’s Everything You Need to Know Coforge Ltd saw a strong rally in its stock price, jumping 9% in a single session after the company made three key announcements. Investors reacted positively, leading to increased buying interest in the stock. Here’s a detailed breakdown of what happened and what it means for investors. Key Announcements That Drove Coforge’s Stock Rally 1. Stock Split: 1:5 Sub-Division of Shares One of the biggest highlights was Coforge’s board approval for a stock split in the ratio of 1:5. This means: Existing 1 equity share of ₹10 face value will be split into 5 equity shares of ₹2 face value. This move enhances liquidity and makes the stock more affordable for retail investors. Historically, stock splits often lead to increased trading volumes and better price discovery. 2. Strong Financial Performance & Business Growth Investors are optimistic about Coforge’s consistent growth trajectory in the ...

Vedanta Share Price Target 2025 - Detailed Analysis

Vedanta Share Price Target 2025 Vedanta Limited, a prominent player in India's natural resources sector, has garnered significant attention from investors due to its diversified portfolio and consistent performance. As of March 2025, the company's market capitalization stands at approximately ₹1.77 lakh crore, with a price-to-earnings (P/E) ratio of 15.65 and a dividend yield of 10.42%.  These metrics underscore Vedanta's robust financial health and its appeal to income-focused investors. Historical Performance and Current Position Over the past year, Vedanta's share price has exhibited notable growth: 52-Week High: ₹526.95 52-Week Low: ₹249.50 Current Price: ₹452.60 (as of March 2025), reflecting a 79.50% increase over the last year.  FINANCIALSEARCHGROUP.COM This upward trajectory can be attributed to strong financials and attractive dividend payouts, positioning Vedanta as a preferred choice for income-driven investors. Share Price Targets: 2025 to 2030 A...

SBI PO 2025 Prelims Admit Card Released: How to Download & Important Details

SBI PO 2025 Prelims Admit Card Released: How to Download & Important Details The State Bank of India (SBI) has officially released the admit cards for the SBI PO 2025 Preliminary Examination. Candidates who have registered for the Probationary Officer (PO) recruitment exam can now download their call letters from the official website, sbi.co.in The SBI PO Prelims 2025 exam is scheduled to take place on March 8, 16, and 24, and candidates must carry their admit card to the exam center. How to Download SBI PO 2025 Prelims Admit Card Follow these simple steps to download your SBI PO prelims admit card: Visit the official website – sbi.co.in Click on the "Careers" section. Look for the SBI PO 2025 Recruitment section and find the admit card link. Enter your login credentials – Registration number and Date of Birth/Password. Submit the details and the admit card will be displayed on the screen. Download and print the admit card for future reference. Details Mention...