SUNDAY
WEEKLY UPDATE
Gold in international market last week dropped from 1150$ to test a low of 1102$ but once again
recovered on Friday to hit a high of 1141$, long term trend for the commodity remains bearish
but short term turns out to be slightly positive to test up to 1170$ and any breakout above 1170$
may take the prices back to 1190$, but at current levels and on dips is advisable.
Weekly Call :
Buy International gold at CMP 1138$ and on dips up to 1134$
with SL below 1125$
for targets 1150$ and 1156$.
Breakout above 1156$ may push up the prices up to 1170$.
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The Sensex is up 312.81 points or 1.2 percent at 26533.76 and the Nifty is up 84.95 points or 1 percent at 8035.85.
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