Commodities
Wednesday, August 01, 2012
GOLD & SILVER IN INR
GOLD (INR):(BULLISH)
Gold in INR Closed @29749 on 31/07/2012. It has completed it correction at recent low of 29133 on 19\07\2012. Its daily KST is in buy. One should BUY with Overall SL-28750 for the targets of 31600 in Short to medium term.
SILVER (INR): (BULLISH)
Silver in INR Closed @53974 on 31/07/2012. It has completed short term correction at recent low of 51660 on 30\06\2012. It also broken out of bullish bottom triangle kind of consolidation pattern as per chart attached.
Its daily KST is in buy supporting Short term UP Trend. One should BUY with SL-52200 for the target1-56300 & target2-57500 in Short term.
Sustain above 57500 levels will confirm Medium term Reversal in silver.
SILVER (INR): (BULLISH)
Its daily KST is in buy supporting Short term UP Trend. One should BUY with SL-52200 for the target1-56300 & target2-57500 in Short term.
Sustain above 57500 levels will confirm Medium term Reversal in silver.