Market Update

Market Watch

Friday, 21 December 2012

Gold and Silver Trends 21 Dec 2012

GOLD:
Trend updated for-Dec/21/2012.CMP-30482 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 . 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 on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 30249.Resistance for the Gold is 31283-31296-31427-31478-31494-31544-


SILVER:
Trend updated for-Dec/21/2012.CMP-57351 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. The oscillator is showing SELL signal For short term Silver is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 56994.Resistance for the Silver is 61261-61408-61422-61580-61732-62207-

Today's Call   

CH STOCK CASH PLUS CALLS 21-12-2012
SELL MRF (LCP-12535.55) BELOW 12500 TG-12470-12410
SELL BAJAJ FINSERVE (LCP-915.8)  BELOW 911 TG-905-895
CH STOCK CASH PLUS CALLS 21-12-2012
BUY LA OPALA (LCP-273.4) ABOVE 275 TG-279-286
BUY MNB SWITCHGEARS (LCP-248.65) ABOVE 250 TG-254-261 

For More Free Mcx Tips, Stock Cash Tips, Stock Future Tips, Commodity Tips visit: www.capitalheight.com or call at 0731-4295650







 

1 comment:

  1. If you are not getting good profit from your investment then I suggest you join Epic Research who always provides awesome trading tips.

    ReplyDelete