Well Gold sabko milega!!! Hai na faaide ka sauda:-)
I was really scared looking at some of tv commercial where they tried to make the audience a bit fearful which I felt being an audience with the idea that Gold will keep on moving higher n higher.
Whatever goes up comes down n vice versa in most of the cases.
Am really happy to see such big correction in Gold & Silver which we alerted much earlier with levels.
A sharp correction in commodities including oil is very positive for our economy. It will release the burden to a great extent and the equity market is likely to perform superb as a result of it going ahead and I keep my positive view intact for 2013.
Further weakening of USD against INR will be taken as very positive where as of now 54.02/54 will act as the last final support for spot INR/USD. Currently around 54.35
We already mentioned to our clients regarding immediate crucial support for Gold & Silver at $1350/1314/oz & $21.43/oz respectively for the time being where so far it made low of around $1320/oz and $21.99/oz.
Once this lower levels are breached then only further weakness will be seen till then it will try to stabilise.
I was really scared looking at some of tv commercial where they tried to make the audience a bit fearful which I felt being an audience with the idea that Gold will keep on moving higher n higher.
Whatever goes up comes down n vice versa in most of the cases.
Am really happy to see such big correction in Gold & Silver which we alerted much earlier with levels.
A sharp correction in commodities including oil is very positive for our economy. It will release the burden to a great extent and the equity market is likely to perform superb as a result of it going ahead and I keep my positive view intact for 2013.
Further weakening of USD against INR will be taken as very positive where as of now 54.02/54 will act as the last final support for spot INR/USD. Currently around 54.35
We already mentioned to our clients regarding immediate crucial support for Gold & Silver at $1350/1314/oz & $21.43/oz respectively for the time being where so far it made low of around $1320/oz and $21.99/oz.
Once this lower levels are breached then only further weakness will be seen till then it will try to stabilise.
Saw upside of over 400 points in Nifty since then which we presumed in the above article.
ReplyDeleteSince the message was posted a month back Nifty has given upside of over 600 points as of yet.
ReplyDelete