Market Update

Market Watch

Friday 4 January 2013

Mcx Market Tips Today



GOLD:
Trend updated for-Jan/04/2013.CMP-30945 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 above31661 or buy with strict stop at 30249. 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 Support for the Gold is 30741-30715-.Resistance for the Gold is 31159-31379-31458-31466-

SILVER:
Trend updated for-Jan/04/2013.CMP-58651 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above62413 or buy with strict stop at 56994. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 58266-57777-.Resistance for the Silver is 60239-60758-61028-61467-

CRUDE OIL:
Trend updated for-Jan/04/2013.CMP-5080 The Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing BUY signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 4977-4931-4864-4843-4806-4783-. Immediate resistance for Crudeoil is 5116


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