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Silver prices tumbled to a three-week low by losing Rs 4,900 to Rs 90,900 per kg, while gold slipped Rs 100 to Rs 78,700 per 10 grams in the national capital on Thursday on frantic selling by stockists and retailers, according to the All India Sarafa Association. The yellow metal of 99.5 per cent purity declined Rs 400 to Rs 78,300 per 10 grams on Thursday.
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Fuel retailers' profit margins remain "stubbornly high", the competition watchdog says.
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Nifty formed a long bear candle, indicating a downside breakout. The index closed near the gap support of 23,900. Immediate support is at 23,800 and 23,560 (200-DMA). Resistance is at 24,350-24,360. A breakout above 24,360 is needed for a further uptrend. The highest OI on the call side is at 24,000 and 24,100, and on the put side, it's at 23,800 and 23,900.
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