Stertegy we considred for this morning as fallow : NOT TO TRADE IN PRECIOUS METAL AT CURRENT MKT PRICE
OUR TRADE CHANGE LEVEL FOR COMEX & MCX AS FALLOW :
COMEX GOLD : NATURAL : $ 1565-1585
MORE NEGITIVE BELOW $ 1564 FRESH SELL ONLY BELOW 1564 FOR TGT 1540 1510 AND MORE
MORE POSITIVE ABOVE $ 1588 FRESH BUYING ONLY ABOVE THIS FOR TGT 1609 1620 AND MORE
COMEX SILVER : NATURAL : $ 28.50-29.12
MORE NEGATIVE BELOW $ 28.50.......CONSIDERED SELL BELOW THIS FOR TGT 27.90 27.15 AND MORE
MORE POSITIVE ABOVE $ 29.12 .......CONSIDRED BUY ABOVE THIS FOR TGT 29.54 AND 30 MORE ON
MCX LEVEL FOR GOLD INTRADAY VIEW
ANY CLOSE BELOW 29200 MORE NEGATIVE FOR TGT 28900 AND MORE
ANY SHARP MOVE ABOVE 29510 POTINTIAL TGT 29680
RISKY TRADERS CAN TAKE RISK BUY NEAR 29300-320 SL 29250
MCX SILVER INTRADAY VIEW
ANY CLOSE BELOW 58400 MORE NEGTIVE FOR 53600 53000 AND MORE
ANY MOVE ABOVE 54910 POTINTIAL TO 55300 55650
RISKY TRADER CAN TAKE RISK BUY NEAR 54450-500 WITH SL 54290
CRUDE & COPPER (NATURAL) RANGE (425-431) BUY ON DIP 426.50 SL BELOW 425 AND (4940-5020) SELL ON HIGHER 4995 SL 5030 EITHER SIDE BREAK OUT CONFIRM TREND
Happy Trading
Rahul Kumar
Head & Sr Analysist (Precious Metal)
Hansraj Stocks and Commodity Consualtant
Dated 08/03/2013