Market Update

Market Watch

Monday 17 December 2012

Gold and silver Trends for 17 Dec. 12

GOLD:
Trend updated for-Dec/17/2012.CMP-31208 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 showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above32006 or buy with strict stop at 30792. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Immediate support for Gold is 30792.Resistance for the Gold is 31384-31417-31471-31480-31496-31672-

SILVER:
Trend updated for-Dec/17/2012.CMP-61347 The Silver is in long- medium- term bull phase .Currently Silver is showing some up move after small correction and the trend and not gained strength and 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.Positionally Support for the Silver is 60941-60761-.Resistance for the Silver is 61627-62282-62485-62497-

Today's Call 
CH STOCK CASH PLUS CALLS 17-12-2012
BUY WHEELS (LCP-893.25) ABOVE 898 TG-905-915
SELL JET AIRWAYS (LCP-608)  BELOW 605 TG-600-593
CH STOCK CASH PLUS CALLS 17-12-2012
BUY TECH MAHINDRA (LCP-948.2) ABOVE 950 TG-956-965
SELL UNITED BREWEIRES (LCP-922.65) BELOW 920 TG-913-904

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