Market Update

Market Watch

Wednesday, 19 December 2012

Gold and Silver Trends 19 Dec. 2012



GOLD:
Trend updated for-Dec/19/2012.CMP-31056 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 on BUY Signal and Gold is recovering from oversold level and has moved down its previous low with good volume points to a negative break out . The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD SHORT position and Gold closed below 1 week low with volume signals down breakout.Positionally Immediate support for Gold is 30899.Resistance for the Gold is 31367-31413-31451-31493-31497-31634-

SILVERS:
Trend updated for-Dec/19/2012.CMP-60687 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 60324.Resistance for the Silver is 61298-61537-61548-62144-62237-62473-

Today's Call 
CH STOCK CASH PLUS CALLS 19-12-2012

BUY MRF (LCP-12367.5) ABOVE 12390 TG-12430-12480
BUY SBI (LCP-2372.7)  ABOVE 2380 TG-2393-2415

CH STOCK CASH PLUS CALLS 19-12-2012

BUY RURAL ELECTRIFICATION (LCP-245.8) ABOVE 247 TG-250-255
BUY SHRIRAM TRANSPORT (LCP-759.35) ABOVE 763 TG-768-775

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