Market Update

Market Watch

Tuesday 11 December 2012

Gold, Silver and Crude Oil Trends for 11 Dec. 2012



GOLD:
Trend updated for-Dec/11/2012.CMP-31493 The Gold is in long- medium- term bull phase .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Support for the Gold is 31266-31234-31172-31125-.Resistance for the Gold is 31694-31751-
SILVER: 
Trend updated for-Dec/11/2012.CMP-62948 The Silver is in perfect uptrend .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 62282-61833-61803-61301-60618-60534-. Immediate resistance for Silver is 64399 
CRUDE OIL:
Trend updated for-Dec/11/2012.CMP-4700 Overall trend of the Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 4654.Resistance for the Crudeoil is 4789-4804-4823-4837-4863-4978-


Today's Call  
CH STOCK CASH PLUS CALLS 11-12-2012

BUY TTK PRESTIGE (LCP-3716.3) ABOVE 3735 TG-3760-3790
BUY NATCO PHARMA (LCP-473.15) ABOVE 476 TG-481-488
CH STOCK CASH PLUS CALLS 11-12-2012
BUY MRF (LCP-12140.35) ABOVE 12170 TG-12200-12250
BUY ADVANTA (LCP-883.15) ABOVE 885 TG-891-901

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