Market Update

Market Watch

Wednesday, 6 February 2013

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Today's Call
BUY SILVER MAR ABOVE 58150 TG1 58215 TG2 58305 TG3 58450 STOPLOSS 57873

Trend updated for-Feb/06/2013.CMP-30599 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 on BUY Signal and Gold is recovering from oversold level For short term Gold is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 30441-30258-30109-Resistance for the Gold is 30908-31195-31196-

Trend updated for-Feb/06/2013.CMP-58356 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatility is very less Buy the Silver above 60214 or buy with strict stop at 57242. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 58115-.Resistance for the Silver is 58961-58982-59415-60232-60290-

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