Cool Tips

GOLD:

Prices may remain technically support but for the prices to gain a strong bullish momentum the market has to settle above the resistance of $ 450 levels in the international markets and above Rs 6440 levels in domestic market and may gradually advance higher and test the next important resistance of Rs 6480 levels on closing basis.

Conservative traders are advised to stay away at current levels and wait for a clear trend conformation before adding any fresh position.


The prices in the international market also rose to a high of $ 451 level on Thursday but were unable to settle above the resistance of $ 450 levels. The gold prices gained a strong bullish momentum after the release of U.S. jobless claims - which showed a decline of a 1,000 to a seasonally adjusted level of 319,000 - triggered a rally in the gold prices.

SILVER:

The silver prices have gained bullish momentum, but have settled below the important resistance of 715 cents in the international market and on Rs 10550 levels in the domestic markets and as far as the prices settle below the resistance of 715 cents then the market come under selling pressure, where as if the prices break above this resistance then the market may advance higher to Rs 10700 levels.

Conservative traders are advised to stay away at current levels and wait for a clear trend conformation before adding any fresh position, where as risk taker can enter with a sell at around 10520 – 10550 levels and trade for profit objectives of Rs 10440 to Rs 10400 levels, traders can maintain a strict stop loss above $ 10600 levels.

SOY OIL:

NCDEX Soy Oil futures prices may play sideways in the coming one to two trade sessions.

Our short position of Rs 370 levels was liquidated at around the second profit objective of Rs 365.20 levels.

Now traders are advised to stay away from the market and wait for clear technical indication before entering any fresh positions.

SUGAR:

Traders are suggested to enter the market with sell at around Rs 1812 –1820 levels for a profit objective first at around Rs 1807 and if the prices breach this profit objective can be extended till Rs 1795.

Stop loss for the sell position shall be placed above Rs 1838 on the closing basis.

COOL 6 MONTH OLD TIPS // WHAT'S HAPPENING

What 450$ you are talkning about??

WatchOut, is your real name Rip Van Winkle?? Seems like you have woken out of a long slumber and found a pile of newspapers outside your front door. Gold crossed $450 ages ago!!
How about some hot tips?? Not some 6-month old cryogenically frozen (what you call "cool") tips??

Too good,Ivan,......

Watchout,just for information,this time in as simple English as possible,GOLD touched 450 in Dec 2004,and broke out of that resistance in Sept 2005.Just to clarify,today is March 2006.

Of course,if indeed you were in a long slumber ,all is forgiven,I guess...

Saint

ps :Gold today is at $554

hahaha lol,rofl....