TOPIC: Sensex 150 Points decline, nifty trade below 8000

Gold can move in range of 26350-26650 and silver can move in range of 35000-36000 in MCX. Gold, the commodity traditionally viewed as a safe-haven in times of economic turmoil, is continuing to drift despite the Greek debt crisis, according to SMC Global

The 30-share Sensex closed the day at 27,780.83, up 135.68 points.

The broader 50-share Nifty ended 50.10 points down at 8,368.50.

MCX Gold for August delivery is likely to trade positive for short term with support at 26800 and resistance at 27250, Pratik Patel, research analyst at Commodity Online, said. The trend for intra day is side ways with support of 26920 and resistance at 27080.

Sensex ends 200 points well along at 27,316 on the subject of Friday, its sixth performance in a row. Nifty settles 50 points distant at 8,224.

RIL stands out together then the gainers later than the market heavyweight rising around 2 per cent, plus its sixth reach in a row.

Milan Shah, agri research examiner at product Online, said NCDEX Turmeric July contract is prone to exchange bearish for fleeting and side routes for intra day. Fleeting backing for NCDEX Turmeric July contract is seen at 6800 and resistance at 7600. Intra day backing is seen at 7250 and resistance at 7350.

The BSE Sensex and Nifty rose more than 1 per cent on Thursday, heading for their highest close in nearly 2-1/2 weeks, led by a surge in index heavyweight Reliance Industries for a fifth day, on optimism the company would begin 4G phone services in December.

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