Tuesday, March 3, 2009

safe trade calls

GOLD

DUE TO FLUCTUATION IN INR=$ GOLD WILL REMAIN MORE VOLATILE. Continue to view as long Resistance of 16000-16050 again correction expected. for the day sell below 15550 S/L 15600 and T/p 15520/ towards 15350/below towards 15090/ close below test 14650 atleast/towards 14400 in coming days OR buy only abv 15975 S/L 15925 and T/p 16040-50/ sustain close above towards 16500 in coming days (any time close above 15900-16050 bullish while close below 15100/14725/13925-13740/13350/ 13025/12750 bearish for medium term)


SILVER

Continue to view as long Resist of 22850 & 23200 down trend seen continue and sustain close below 21775 seen towards 21250 atleast/towards 20850 in coming days. for the day sell below 22050 S/L 22150 and T/p 21925-21775/below down rally OR sell ard 23160-180 S/L 23200 and T/p 23000-22800 (any time close below 21775/ 19175/17750/16500 bearish rally while close above 22850/23900/25000/26100/ 27250 bullish for medium term)

CRUDE

Still as long support of 2170 & 1985 bounce back expected. for the day buy abv 2125 S/L 2105 and T/p 2155-2180 OR buy ard 2044-48 S/L 2040 and T/p 2060-2080 (now crude need to close above 2285-2335/2450/2765 for bullish rally while close below 2090/1930/1860/ 1625 bearish for medium term)


COPPER

Continue to view, as long support of 171.5 & 169 uptrend seen continue. for the day buy only abv 178 S/L 176.50 and T/p 179.5-180/close abv test 189-190 atleast/towards 195 in coming days OR buy ard 169.3-169.6 S/L 169 and T/p 171-172.5 (upside strong rally only on close above 180/200/217.5 while close below 160/154/140.5 bearish for medium term)


MCXARUN
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