Nifty, Gold & Silver

Nifty seems positive for the week. At 4800, Nifty is best buy for a target of 5000 for the week.

At 51400 long position can be created in Silver for the target of 53200 for the day. The stoploss for the position works out to be 50800.

Gold also seems positive for the day.

Swings of Silver

Silver gained the momentum back and now trading above 53000.  Comex Silver expected to touch $33.5 soon as my friend Ashish Kumar has mentioned in his blog (http://ashishkumargopi.blogspot.com).

The trade can be initiated in Silver only near $33.5 which is 55500 - 56000 levels. Short can be created in this for a target of 52500.

It seems impractical for the traders to wait for the rate of 55500 when it is trading at 53500 for going short. Certainly, those who want to buy Silver at this stage, I would suggest that wait for a few hours. The entry point for creating a long position is at 51800 - 52100 for a target of 55500-56000.

Happy Trading.

Gold - Silver

Silver:

Comex CMP $29.75. For the day, silver can be bought only at $29.35 with a target of $30.9.

MCX Silver CMP: Rs.50400. For the day, silver can be bought at Rs.49400 with a target of Rs.51900 /52200. Silver is weak only below 49000.

सिल्वर:

कोमेक्स : आज के लिए सिल्वर में $२९.३५ पे खरीदारी  करे और $३०.९ का टार्गेट रखे.

MCX Silver: आज के लिए ४९४०० में खरीदारी करे और ५१९००/५२२०० का टार्गेट रखे.  ४९००० के निचे ही सिल्वर और कमजोर होगा.

Gold:

Comex CMP: $1620. Yesterday's low of $1594.9 is very crucial. For the day, Gold can be bought at $1610-15 with a stoploss of $1595 for a target of $1642.

MCX Gold: २५३७० के निचे सोने में बिकवाली का दबाव बढेगा. जब तक सोना २५५०० के ऊपर है इसमें खरीदारी बनी रहेगी. आज के लिए २५७२० पे २६२८० के टार्गेट से खरीदारी कर सकते है. जिसमे २५४८० का stoploss अवश्य रखे. 

Nifty

Nifty:
It is more likely that Nifty will make a new 52 week Low soon. Today above 4800 one can sell Nifty with a target of 4705. Nifty is good only above 4879.

निफ्टी

निफ्टी ५२ हप्तो का नया लो बनाने की पूरी सम्भावना है. किसी भी तरह की खरीदारी के लिए ४८७९ के ऊपर ही खरीदारी करना मुनासिब है. फ़िलहाल ४८०० के ऊपर निफ्टी आज के लिए बेचे. टार्गेट ४७०५.

Nifty spot faces resistence at 5535 and only a close above 5535 can take the Index to the new high.

Today a leap opening, will keep the momentum in the second line counters like CHAMBLEFERT, HDIL, VOLTAS, VIDEOIND, TATAPOWER and APIL.

But the leader is SBIN.

Selling will be seen @ 5615 Nifty spot levels.

અસલી અમદાવાદી સલાહ.

પ્રેમ કરવા કરતા થોડું કમાઈ લેવું સારું.

The Marathon Man (Anil Dhirubhai Ambani) is back again.

Buy CHAMBLFERT up to 69.2. stoploss 68.1.

DLF

Buy DLF with stoploss of 218.2 (NSE Cash).

NIFTY

5360 is very important for Nifty Spot.

Breaking 5340 will dreg Nifty to the new Lows.

Until, the Up side is expected up to 5528 for Nifty spot.

हर हर महादेव!

No change in the Trend of Silver

The uptrend continues and no change in the trend.
May be the short opportunity is miles away!

SILVER

The day for which I started this blog seems approaching.

Be prepared for the Extra Large volatility of SILVER.

Crude

Though the overall outlook for the Crude is bullish, one is suggested to create the position in April Future only.

It is the game of low liquidity or whatever. April MCX Crude expected to touch 4800 back. MCX March Crude can be short at 4700 or so.

It's a battlefield and only diehard survives.

Silver

Last two weeks' closing has made it clear that be is India or US, the game of speculation is same.

(The larger momentum has taken place in last few hours of the week.)

Here on, the momentum seems to be continueing. Remember, Monday February 7, 2011, We had a positional buy on Silver. And also remember that when the reversal will take place, we have to be inn!

CRUDE

आग जो क्रुड में लगी है

जहा में लगा दूंगा

गर ये निफ्टी गिरी तो

पूरा बाजार गिरा दूंगा

Crude again to take an upward swing. But create position in April Future only.

Crude Nifty & Silver

MCX crude is weak for the week until it crosses 4774.

Silver US if crosses $36.9, the upside will be zoomed.

Nifty will remain positive until the spot is above 5512. Below it, Nifty Future will touch 5477 / 5439.
Upside 5568 / 5599.

Nifty 08 March

NIFTY

Sell Nifty at 5512-25. Stoploss 5539. Above 5539 it will touch 5589 / 5599.

Crude

CRUDE

SELL crude upto 4800. Stoploss 4836.  Just watch.

CRUDE is on fire and kept the Equity burn.

As of now, Brent Crude, if does't break $116.26 (Current price $117.20), the carnage will continue.

SILVER & CRUDE UPDATES

SILVER

If Silver US spot breaks $35.94 (Current price $36.31), it may show some weakness until not.

Remember, I mentioned in my last update about Silver. Also note that I do't recommand SELL at current levels. Only if it breaks $35.94, then and then only, there is some breathe for the short sellers.

SILVER & NIFTY

NIFTY

As boldly told on Friday-04th March, Nifty crossed 5600 but could't sustain.

Now, be ready for a real Panic on Monday.

Nifty ultimate target 5412

Supports : 5499/ 5477/ 5425

Resistance: 5589/ 5599/5612

SILVER

Trend is Friend.

Silver continues upward journey since our last recommendation on 7th February.

SilverUS can test $38.6 this week only if it trades above $33.35.

A lot of pain for short-sellers in MCX Silver.
Below $33.35 exit silver long.