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.