Market Update

Market Watch

Friday 8 February 2013

Mcx Latest News

Trend updated for-Jan/14/2013.CMP-30790 Overall trend of the Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 31316 or buy with strict stop at 30496. 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 HOLD SHORT position.Positionally Immediate support for Gold is 30496.Resistance for the Gold is 30972-31005-31011-31336-31356-31370-

Trend updated for-Jan/14/2013.CMP-58199 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatility is very less and fresh Buy can be considered in the Silver if it close above59818 or buy with strict stop at 56578. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 57878-Resistance for the Silver is 58485-58837-60427-60647-60986
Today's Call
CH CALL: SELL SILVER MAR BELOW 58565 TG1-58500 TG2-58410 TG3-25265 STOPLOSS-58853
CH CALL: SELL GOLD FEB BELOW 30913 TG1-30890 TG2-30860 TG3-30820 STOPLOSS-30983


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