Gold and Silver Trends 05 Dec. 2012

GOLD:

Trend updated for-Dec/05/2012.CMP-30958 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 30821.Resistance for the Gold is 31357-31488-31558-31774-31827-31843-.

SILVER:

Trend updated for-Dec/05/2012.CMP-60671 The Silver is in long- term bull phase .Currently Silver is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 60081-.Resistance for the Silver is 61017-61816-61877-62477-62770-

Today's call  

CH STOCK CASH PLUS CALLS 05-12-2012

BUY AGC NETWORK (LCP-415.95) ABOVE 418 TG-423-432
BUY VST INDUS (LCP-1888.6) ABOVE 1900 TG-1915-1935
CH STOCK CASH PLUS CALLS 05-12-2012
BUY MRF (LCP-11180) ABOVE 11200 TG-11240-11290
BUY UNITED BREWERIES (LCP-1000.75) ABOVE 1005 TG-1013-1028

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