Market Update

Market Watch

Wednesday 30 January 2013

Mcx Gold,Silver Tips Today

GOLD:
Trend updated for-Jan/30/2013.CMP-30234 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory 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 Immediate support for Gold is 30094.Resistance for the Gold is 30672-30760-30865-31026-31253-31254-

SILVER:
Trend updated for-Jan/30/2013.CMP-57906 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend. Cautious point is buying at higher levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 57446.Resistance for the Silver is 58892-59198-59257-59798-60318-60438-

Mcx Tips Today

CH CALL: SELL GOLD FEB BELOW 30283 TG1-30260 TG2-30230 TG3-30190 STOPLOSS-30367

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