Wednesday, 13 January 2016

Commodity My view - 12 Jan 2016

As expected Gold hit 26680....I booked all Gold sell positions at 25680 and bought at 25680 with SL 25670 on daily closing basis ....

TGT1- 25950, TGT2 26020......Then I will book 50% Buy positions and wait for some retracement.....

I will add more buy above 25125.....Upside TGT 26340-25560.....Long term target still intact at 32000+

But if Daily close below 25670 then I will sell for TGT 25480-25240


Silver as long as trading above 33300 with 4 hr closing basis I will keep buying on dips.....TGT 34300+...

Base Metals...

I have already started buying it again for Rs. 7 upside TGT from today's low....

NG - I booked all sell positions and waiting for fresh trade....

Crude : I will book all sell positions near 1865 and start Buying more.....( thought I have few buy positions taken yesterday)