Market Update

Market Watch

Wednesday 13 March 2013

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Mcx Tips, Stock Future Tips daily for Investing and Trading in Nse and Bse of Indian Share Market by Technical Analysis of stocks and shares from Money CapitalHeight Research Pvt. Ltd.



GOLD:

Trend updated for-Mar/13/2013.CMP-29445 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum 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 HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29630-29701-29908-30286-30533-30830-



SILVER:

Trend updated for-Mar/13/2013.CMP-54943 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 54603-54278-54068-Resistance for the Silver is 56988-57649-58849-

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