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Thursday, February 5, 2009

UPDATE

MARKET ALERT AT 5.30 PM

MCX MARCH SILVER ; CMP RS. 20230,, HOLD

LONGS REVISE STOP LOSS TO RS. 20050

AND HOLD FOR TARGET RS. 20360, 20400.

8 comments:

sunny said...

sir
having short position at 18600,,,
so wat should i do know?
average by shorting more at 20300?
or wait
do u think tat dis rate will come before 27 feb ?

akshaya said...

ATTENTION MR SUNNY
Expected to hit Rs 20400 as per our buy call.
Do not average your loss further.
Will advise by tonight what to do with your position.
AKSHAYA

sunny said...

means after golds kattan today rate are on peak dey may fall down by tommorow aur by nite u mean to say ?

Anonymous said...

BOE has cut the intrest rate,then any downturn expected?

akshaya said...

ATTENTION MR JUNAID

BOE has cut intrest rate of 1 % ,it appears that market has already factored this info.
So there seems to be no nrgative impact on bullions.
Spot gold and silver are at resistances currently and closing above or below resistance is critical for next move.
AKSHAYA.

akshaya said...

ATTENTION MR SUNNY
Spot gold and silver trading near crucial resistance.
Closing today above or below these levels will be crucial.
Will confirm on receipt of any confirmation tonight.
AKSHAYA

Anonymous said...

Then which level to short & average the position, otherwise the silver is following gold as the feb gold series will expire tomar,is there any short covering happening?

akshaya said...

ATTENTION MR JUNAID
Will revert as and when we have any confirmation.
AKSHAYA