Market Update

Market Watch

Monday, 24 December 2012

Mcx Market News


GOLD:
Trend updated for-Dec/24/2012.CMP-30913 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 . 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 showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 30249.Resistance for the Gold is 31175-31272-31414-31450-31479-31491-

SILVER:
Trend updated for-Dec/24/2012.CMP-58165 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Silver Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 56994.Resistance for the Silver is 60536-61221-61293-61297-61589-61836-

Today's Call 

CH STOCK CASH PLUS CALLS 24-12-2012
BUY MRF (LCP-12452.25) ABOVE 12480 TG-12520-12570 
SELL UNITED BREWERIES (LCP-933.35)  BELOW 930 TG-924-914  
CH STOCK CASH PLUS CALLS 24-12-2012 
SELL SBI (LCP-2334.45) BELOW 2330 TG-2317-2300
SELL WHEELS (LCP-825.45) BELOW 822 TG-816-807

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1 comment:

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