Market Update

Market Watch

Wednesday, 26 December 2012

Free Mcx Market Tips



GOLD:
Trend updated for-Dec/26/2012.CMP-30854 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. 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 30249.Resistance for the Gold is 31121-31246-31394-31407-31475-31490- 
SILVER: 
Trend updated for-Dec/26/2012.CMP-57729 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Silver Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 56994.Resistance for the Silver is 59985-60978-61183-61231-61590-61613- 

Today's Call   
CH STOCK CASH PLUS CALLS 26-12-2012
BUY MRF (LCP-12598.5) ABOVE 12620 TG-12660-12720
SELL JSW STEEL (LCP-808.95) BELOW 806 TG-802-795 

CH STOCK CASH PLUS CALLS 26-12-2012
BUY BAJAJ AUTO FINANCE (LCP-1313.5) ABOVE 1320 TG-1330-1345
BUY WHEELS (LCP-791.65) ABOVE 795 TG-802-810


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1 comment:

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