#6 Gold Update: "Old is Gold"

Trading gold or to say investing gold had been the oldest idea and its back for short term. Equity has been showing sign of weakness in near term which was the first sign that made me look at gold chart. And surprisingly it is supporting the inverse rule with Nifty or to say equity in that manner. Attached graph is weekly chart of Gold and we could notice that 50 Weekly Average has crossed 100 to trigger a short call but indicators are suggesting a small pull back on gold which could be upto 29470-30400. This pull back will be pure technical and we expect it to be a fast one. Short term traders can sure trade long but for safe traders we recommend to go short on the resistance levels as menitoned above. As i have circled area on the chart it is to show you how gold is reversing around at 28280 in this marked period. Since last three weeks it has taken support there and bounced back. Daily chart has also shown some sign of pull back. But on other side 30460 is strong resistance on Monthly chart which would be breached.

Our Strategy: We recommend to go long with sl of 28300 tgts 29470/30400

Note:* We might have recommended this strategy to our client and we dont have any personal position

#1 Silver: Aapke Jeevan Mein Chandi hi Chandi Hai

What you looking at is Silver Monthly chart. Bullion has been in continuous uptrend during in its life but since high in 2011 it has been not attractive for the traders or investors. But now its time for some trading on the bullion. Technically it has retraced 50% of the previous rally that ended in 2011 which indicates a strong level to buy. Indicators have turned bullish supporting a buy call on the bullion. Currently price is clustered around 5-10-15 Monthly average which is around 48000 levels.

Our strategy for Investors: Go long on Silver (DEC) Mcx near to 48500 tgt 51000/56000/59000 SL:45500

#1 Lead Update: Time to go long with tgts of 136/142

Lead (Sept) Mcx has seen a Non stop sliding from a year high of around 155. now its time for some bulls to get on the Power. As you could notice, Lead is currently consolidating around the strong support line since last few days which could be a simple buy zone. On the other hand, indicators are oversold and expiry being near we could see a short unwinding in coming sessions. Only negative characteristic on the chart is that Lead is trading below all short term moving averages but it is taking strong support at 100 EMA situated around 128. So our strategy is to go Long near to 129.60 tgts 136/142 with Closing SL of 127

#1 Crude Update: SELL Crude Oil 19Feb Mcx

Crude oil is expected to see some downside In coming months..can go short at cmp 5160 tgts 5042/4894 stop loss 5232