Fed keeps the rates unchanged and they stays very cautious on recovery. This may lead this yellow metal to move upward. A pull back as well as short covering may seen in the market. At the same time US new home sales data is better then expected so in long run gold may not be so bullish as before. Higher side will be selling opportunity.
This counter yesterday showed weakness, but still its hold support level of 19970. Now today keep your eyes on same level of 19970, if it breaks that level it can touch strong support of 19700 and if it maintains above this level you can keep buying. And once close above 20300, its looks bullish. Today it will face resistance 20040-20120 & support 19870-19700.
This counter last week shown weakness as we expect & mention. This week keep your eyes on level of 42200, if it hold above this level, it can touch again initial resistance 44400, and once close above 44400, its looks positive for long. For intraday today keep your eyes on level of 42500, once can keep buying here with some strict stop loss of 42200. Now today keep your eyes on opening level of 42815, if it open above this level, you can keep buying and if it opens below 42490, you can keep shorts in your hand. Over all it's moving in bearish zone. So keep buying with strict stop loss. as well as down side strong support looks around 41600-41000. Today it will face resistance 43200-43800 & support 42500-42300.
Silver: Silver is just trading its 100 day EMA of 40906. In international market silver may try to touch its psychological figure of $25 USD. As the US economy will boost this white metal will loose its strength. In MCX , silver may fall till 41000. Do not be long till 43000. Sell at high strategy.
This counter yesterday shown weakness but this counter also hold support of 42250, now still keep your eyes on same level, till its maintain above this level, you can keep buying and once its break you have to exit in bought and keep shorts till target 41600-41000 very soon. Today it will face resistance 42600-42900 & support 42250-41700.
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