Market Update

Market Watch

Monday 3 December 2012

Gold and Silver Trends for 3 DEC.12



GOLD:
Trend updated for-Dec/03/2012.CMP-31101 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 .. 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 30916.Resistance for the Gold is 31332-31489-31567-31740-31902-31971-
SILVER:
Trend updated for-Dec/03/2012.CMP-61301 The Silver is in long- medium- term bull phase .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 60552-59923-.Resistance for the Silver is 61563-61900-62439-62943-
Today's call
CH STOCK CASH PLUS CALLS 03-12-2012 
BUY MRF (LCP-10943.7) ABOVE 10980 TG-11030-11090
BUY UNITED BREWERIES (LCP-298.6) ABOVE 802 TG-809-818

CH STOCK CASH PLUS CALLS 03-12-2012 
BUY STYROLUTION ABS (LCP-697.9) ABOVE 700 TG-707-717
BUY CERA SANITARYWARE (LCP-430.2) ABOVE 432 TG-438-446

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