SEPT 23 TUESDAY
SHORT TERM TREND : BULLISH
LONG TERM TREND : BULLISH
S1 RS 20560 , S2 RS 20380
R1 RS 20840 , R2 RS 21060
TRADING CALL
BUY AT RS 20540 TO 20560
STOP LOSS RS 20380
TARGET RS 20840
Silver for immediate delivery added 1.3 percent to $13.62 an ounce.
Spot gold traded at $890.20/892.20 an ounce at 1427 GMT,
up from $871.15 an ounce at the nominal New York close on
Friday. Earlier it touched a session high of $894.10.
Silver tracked gold higher, rising 6.5 percent to a high of $13.37
an ounce before settling back to trade at $13.29/13.37, against
$12.55 at the nominal New York close last session.
The dollar weakened broadly as the U.S. government's plan to
bail out the troubled financial sector raised new concerns over
the country's budget deficit.
The U.S. currency fell nearly 1 percent to a three-week low
against the euro as traders worried about the financial crisis.
Investors are awaiting details of the plan, aimed at mopping up
toxic mortgage debt. Uncertainty over the project is boosting
gold's appeal as a haven from risk.
Stock markets weakened again on Monday, with the U.S. equities
falling more than 1 percent on fears over the government's
rescue plan. European shares also slipped.
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