What’s next in Precious Metal? Will it go up or down???

10th January 2013

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Global Stock Indices:

Today, Asian, European and American market Is volatile to positive.

But profit booking shall be observed at higher level.

 

Trading Range (10th January 2013)

  • DOW (FUT): ONLY FOR MEMBERS
  • S&P 500(FUT): ONLY FOR MEMBERS
  • NASDAQ(FUT):ONLY FOR MEMBERS
  • FTSE (FUT): ONLY FOR MEMBERS
  • CAC40 (FUT): ONLY FOR MEMBERS
  • DAX(FUT): ONLY FOR MEMBERS
  • HANG SENG IDX(FUT):ONLY FOR MEMBERS
  • NIFTY(SPOT): ONLY FOR MEMBERS

US Stock Market (Stock-wise):

HOLD THE FOLLOWING STOCKS TILL FRIDAY: GOOGLE, MICROSOFT CORP., GENERAL ELECTRIC, FORD MOTORS, APPLE & BANK OF AMERICA.

Today, book 50% profit in 1,464-1,465.

Precious & Industrial Metals:

Today, precious metals are highly volatile but positive in evening hours.

TRADING RANGE (10th January 2013):

  • GOLD:1,651-1,665 (ABOVE 1,665 CAN GO TO 1,684)
  • SILVER: 30.00-30.50 (ABOVE 30.60 CAN GO TO 31.20-31.50)
  • COPPER:  364.00-373.00

 

Till 14th January 2013, a big bull run is possible in bullion any time.

Energy Products:

Crude Oil is volatile to positive for the day while Natural Gas is volatile for the day.

Natural Gas’ major support is 3.10. If it doesn’t break 3.10 then positional traders can buy with stop loss 3.00 for target 3.40

Trading Range (10th January 2013)

  • CRUDE OIL: 92.50-93.80
  • NATURAL GAS: 3.10-3.20

MCX

Today, bullion is highly volatile. However, we may see positive trend in evening hours (IST).

Till 14th January 2013, a big bull run is possible in bullion any time.

In MCX, Silver’s support is at 57,700. Hold long position with stop loss below 57,700 for target 58,400-58,900.

Hold long position in Gold with stop loss shall be 30,720. Target by Friday, 31,050-31,250.

Currencies:

Trading Range (10th January 2013):

  • EUR/USD:1.3020-1.3180 (WITH STOP LOSS OF 1.3000 BUY EURO against DOLLAR).
  • USD/INR (SPOT):54.95-54.60

Indian Stock Market:

Today, Indian stock market is volatile to positive.

But profit booking is possible on higher levels.

 

Trading Range(10th January 2013):-

  • Nifty Fut (JAN):6,000-6,055-6,070
  • Bank Nifty Fut (JAN): 12,740-12,920

BUY: VIDEO CON INDUSTRIES, UNITED SPIRITS, RELIANCE CAPITAL, YES BANK, PENTALOON, HAVELLS, SYNDICATE BANK, RELIANCE INFRA, DLF, SYNTEX, JAIN IRRIGATION, HDIL, ASHOK LEYLAND, TATA MOTORS, MAHENDRA & MAHENDRA

BUY (DELIVERY – LONG TERM): PENTALOON, JP ASSOC., HDIL, RELIANCE CAPITAL, RELIANCE INFRA , MERC on dips for big target. Hold this position for 10th March 2013.

(Updated at : 10/01/2013 8:03:40 AM (IST))

Disclaimer: The above calculations are based on astrology and technical analysis. This is an indicative report only and not to be considered as live trading calls, which is a proprietary service by our team. This report is meant for educational purpose only.

HAPPY TRADING & HAPPY NEW YEAR!!!

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