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Gold edged down as the euro steadied against the U.S. dollar, but worries about Europe's debt woes still underpinned sentiment.  Gold imports in India, one of the biggest consuming nations, fell 39% in May year-over-year to 17-18 tons from the 28.6 tons recorded in May 2009. Now technically market is trading in the range as RSI for 18days is currently indicating 63.51, where as 50DMA is at 17474.1 and gold is trading above the same and getting support at 18339 and below could see a test of 18279 level, And resistance is now likely to be seen at 18479, a move above could see prices testing 18559.

Trading Ideas:

Gold trading range is 18279-18559.

The Dollar/Yen retreated a little bit, and consolidated around 91, but we still believe that we could see the price targeting the most important resistance for now: Fibonacci 61.8% for the short te

The Euro traded below the resistance specified in yesterday’s report 1.2333 for the whole 24 hours since the issuance of yesterday’s report. It did not break it, only to trade in a narrow range, which has postponed the drop but did not delete its possibility. We still believe that the Euro is ready to dive, and we still believe that the most important resistance is Fibonacci 61.8% at 1.2472! We do not see any reason to change our negative technical outlook for as long as the price is below it. And since that the price has touched the channel top, and came close to Fibonacci then it started to fall, then the negative outlook is still here, strongly!

S Shankar is working on Endhiran, the highest budget Indian flick ever.

Endhiran, which was likely to be titled as Robot earlier, has exceeded the budget of the Bollywood high budget flick 'Blue' (2009).

But, the director could not continue with the English title because of the present tax exemption of the administration. So, some other alternative titles like Iyandhiran or Iyandhira were suggested.

Technical analyst Atul Badkar of Edelweiss Securities is of the view that investors can 'buy' Tata Motors stock with a target between Rs 820-830.

According to analyst, the interested investors can achieve the target with in a period of 1-2 months.

Today, the stock of the company opened at Rs 745 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 882.20 and a low of Rs 265.05 on BSE.

Current EPS & P/E ratio stood at 34.05 and 21.58 respectively.

Miss India Universe 2010 Ushoshi Sengupta is quite straightforward regarding her future plans and said that her main objective to become an actress.

The 21-year-old Sengupta stated, "This would be a cliche to say that I don't want to be an actress. I have grown up thinking of being an actress. I want to do a film with Shah Rukh Khan and given a chance, I would like to do a film like 'Main Hoon Na'."