This counter only sell side position hold in counter because long term down trend in market and long position trader only sell at rise and excepted 20868 level below confirm down so every rise at sell and position at hold short term low side target 19450.00 and long term hold trader low side wait at 18700 and break below touch at 18250.00 level touch at coming trading days ...................so smart trader only sell at rise.........
As well as once close above 20300, you can keep your bought position for long. Remember if it holds support of 19970, it can touch 21800 very soon. Today it will face resistance 20160-20260 & support 20060-20025.
Gold is trying to create inverse head and shoulder pattern which will be a reversal sign for it. A pull back rally can not ruled out. Gold is not breaking 1340 USD so we expect that it will start its fresh rally for target of 1365 USD.
Last week it was made a high of 20425 and finally broken major support level 20000 and made a low of 19972 but managed to hold 20000 level. On rise to sell resistance is ............? Down side break and trade below............non stop target.....? Over sold short term.
Silver taken strong support near 42250 and 2 times bounced back from this level. We expect that a pull back rally till 43500 may be start from today. In international market, silver is not in mood to break $27.
Last week we were bearish and sold at higher level.... It was made a high was 44970 and low was 40253 and finally closed with negative bias... On rise to sell... today resistance 42600-42700 watch out.... We are bearish below 42000 and already tested low.... 41386... Now what to do... resistance watch 42500-42600......
This counter last trading session crash at market and maintain at 43750.00 level below again and again down trend start in this counter and continuous selling pressure in counter up side 43750.00 level below maintain bearish trend and low side support at 41350.00 level and break below more bearish and low side touch at 40600.00 level and break below free fall in market and touch at 38900.00 and 37000.00 level touch at this counter so only sell at every rise in market .....
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