Gold Tips : Comex : Strong support US 1390 till then up move continue. It was closed all time high at US # 1430 which is last and final resistance, thereafter power full up move which will test US $ 1470-1480 range in near term.
This counter yesterday shown good up move as we expect & mention. Now still some more up move progress looks continues till 21360. Now today keep your eyes on level of 20930, once can keep buying around here with some small but strict stop loss. If it holds above 20610 it can touch 21350 very soon and once close below 20580, its looks again weak for shorts term. So keep buying on deep and enjoy rally. As well as keep your eyes on opening level of 21000, if it open above this level, you can keep buying and if it opens below 21000, you can keep shorts in your hand. Over all looks positive you can keep buying around 21000 with some strict stop loss.
Silver Tips :This counter yesterday shown good up move as we expect & mention that it can touch 55000 very soon. But from today we suggest you avoid this counter. Due to it's moving on higher level as well as some profit booking also expected. So avoid this counter is better for you. Who have hold bought position they can keep eyes on level of 49300, if it close below this level, you have to book your full profit and if it maintain above 51500, you can hold your bought position till target 54350.0-55350. Remember its final and last up move for this year. However any one suggests you target 59000-69000, don't trust on them blindly.
Heavy correction due in this counter till 37000-32000. Remember one more imp factor. We are here not recommended any short position on higher level, till we are not found any down trend indicator. You have to wait and book your full profit around 55300 and wait for any trend decider signal.
COMEX SILVER: - stochastic have risen into overbought territory which will tend to support reversal action if it occurs. The market's close above the mid support level suggests the short-term trend remains positive. The market's close above the 2nd swing resistance number is a bullish indication. The near-term upside objective is at 36.53$. The market is approaching overbought levels. The next area of resistance is around 36.53$ and 37.28$, while 1st support hits today at 34.84$ and below there at 34.03$.
Nickel Tips : Looks very hot.........Last week it was made a low of 1276 and made a high at 1318 and finally closed at 1301 with a strong note. Over all trend is bullish and decline to buy side.....
On a technical front, we may consider trend decider of this week is 1298, break and trade below will test 1280 then 1256 expected mark, whereas the resistance zone is 1318-1330 and successfully crossover with volume will change the trend.
Trend Decider of this week is : 1288.
This counter some time maintain at 1295.0 level and this level above maintain shortly up trend in this counter and up side resistance at 1335.0 and cross above touch at next resistance level 1370.0 in coming trading days sell at only 1280.0 level below low side support at 1251.0 level .........
Crude Oil Tips : Till the time Libya issue will not be resolved, Crude will maintain its up move. Supply will be badly affected if the issue will not resolved as soon as possible. Upside it may move upto 4915. Technically, Crude is in overbought territory so a sharp correction cannot ruled out. On correction at upper level, it may move down till 4651 then 4554.
Strong bull favour..... last week after made a low of 4370, strong reversal and made a high 4739 and closed with whopping gained. On a technical trend decider of this week is 4613 , decline to buy side.... Lower level support 4488-4350, higher level hold 4750 mark may test 4857-4990 level.
This counter yesterday shown good up move as we expect & mention. Now still some more up move progress looks continues till 5250.0 Now today keep your eyes on level of 4615.0, once can keep buying around here with some small but strict stop loss. If it holds above 4450.0 it can touch 5250.0 very soon and once close below 4400.0, its looks again weak for shorts term.
So keep buying on deep and enjoy rally. As well as keep your eyes on opening level of 4615.0, if it open above this level, you can keep buying and if it opens below 4615.0, you can keep shorts in your hand. Over all looks positive you can keep buying around 4615.0 with some strict stop loss.
