Precious & Industrial Metals:

Yesterday and in the weekly letter as well, we said that Gold could go down to 1,560.

Today, it could recover slightly in noon session. But do not buy. You can build up short on higher level.

And again from US hours, it shall decline.

This fall shall continue till tomorrow.

Gold can go down to 1,535-1,526 while Silver can go down to 27.50.

Trading RANGE : ONLY FOR MEMBERS

Energy Products:

Fall shall continue in Crude Oil with volatility.

Natural Gas is expected to have mix trend and volatile.

In coming 1 -2 days, Crude Oil can go down to $90/bbl.

Our stop loss for short position in Oil is $98.60.

Today, gap down opening is expected in Asian market. Some recovery could be seen around noon session in Asian markets.

Some recovery is possible in afternoon session from lower level.

Today, US market is also in weakness.

Yesterday, we had asked our subscribers to short S&P with stop loss 1,533 for target 1,511-1,504. First target has successfully been achieved.

S&P 500 can go down to 1,504 by this weekend.

Trading Range: ONLY FOR MEMBERS

Today, Indian stock market s’ first half is weak but in second half, we expect recovery.

Trading Range (21st February 2013):

– NIFTY (FUT): 5,920-5,960

– BANK NIFTY (FUT): 12,380-12,480-12,520

SELL

BUY

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