Market Update

Market Watch

Monday 7 January 2013

Mcx Tips Today

GOLD:
Trend updated for-Jan/07/2013.CMP-30907 Overall trend of the Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 30709-30696-.Resistance for the Gold is 31130-31366-31436-31451-

SILVER:
Trend updated for-Jan/07/2013.CMP-57986 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 above60943 or buy with strict stop at 56578. 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 57740-.Resistance for the Silver is 58289-59868-60656-60955-61342-

Today's Call  

CH UPDATE CALL: : SELL SILVER MAR BELOW 57565 TG1-57500 TG2-57410 TG3-57265 STOPLOSS-57823

CH CALL: SELL SILVER MAR BELOW 58315 TG1-58250 TG2-58160 TG3-58000 STOPLOSS-58583  

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