January 22, 2013

Weekly Outlook : 21 to 25 January 2013


 :: Positional & Short Term ::

 
  Mcx Gold Sell on Rise (Not Now) With Stoploss Above @30944-31200

On Downside, Target Will Be 30550-30380 and Then 29800.

If Cross & Closed Above 31200 Then Traders Must Exit From All Short Positions.
 

 
 

  :: Positional & Short Term ::
 
   Mcx Silver Buy on Dip (Not Now) With Stoploss Below @57700

On Upside, Target Will Be 60400-61300 and Afterthat 62000.

If Break & Closed Below 57700 Then Traders Must Exit From All Long Positions.
 
 
 
 
 

 
 :: Positional & Short Term ::

 
  Mcx Crudeoil Sell on Rise With Stoploss Above @5235

On Downside, Target Will Be 5125-5090.

If Cross & Closed Above 5235 Then Traders Must Exit From All Short Positions.
 
 
 
 
 
  USDINR Short Term View 
 
Looks Oversold But Trend & Momentum Clearly Down and in Next Week May Continue Downside Move and Show Some Consolidation.
 
Watch For Supports of 53.50 & 52.80 on Daily Closing Basis.