ALERT : Investors (1yr - 2yrs) can think of purchasing Silver at every dip. To learn more on this. call me on 9873155513 or email info@topdataindia.com
Technical Views - Commodities 19th May 2011
Technical Views - Commodities 19th May 2011
MCX GOLD1
TREND : Booked a small loss in Gold but made a very good profit in Silver. I have adjusted my lines of the triangle pattern that i was talking in my earlier post (http://topdataindia.blogspot.com/2011/05/gold-planning-big-move.html). We still feel the big move is in the making. For the day the levels for this triangle are 21750 - 22015. The confidence level will be even higher if these levels are not broken today and it consolidates in a more tighter range and then breakout. The power and accuracy will be much better if Gold breaks this triangle on friday the 20th May
SIGNAL : Avoid using the signals for the day. Trade the breakout only
MCX SILVER1
TREND : Use 53475 as SL for all longs. On the upper side 54840 is a resistance where Silver should complete this uptrend. Some minor resistance also exists at 54100. Intraday shorts can be built below 53475
SIGNAL : Use buy n sell signals of TDI BS for the day
MCX Crude1
TREND : Crude was are best bet for yesterdays trade. One side up move. For today 4550 will act as resistance and support exists at 4500. Look to buy as and when signals appear. On the extreme side it can touch 4650
SIGNAL: Both buy and sell signals of TDI - BS can be used for the day.
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1 comment:
Hello Sir can u tell me wat is d tgt for gold til end of d year.
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