Motilal Oswal Securities , Kishore Narne has the following outlook. His calls are quite good compared to others. Lets see today what he has in his mind to educate the traders.
IMPORTANT NOTE :
Today FED new chairman Janet Allen first speech. There is a lot of buzz in the market that GOLD & SILVER will rise, because of which a lot of retail investors are on the long side. Also If FED decides to end quantitative easing by year 2014 end then BEWARE , there will be a huge downfall in Bullions.
So guys please be alert with your positions.
GOLD
In china gold demand has increased by 41% . Fed's new chairman Janet Allen will givrhee first speech today. As per Indian Time the speech will commence from 8:30 pm.
Buy Gold 28970 sl 28850 target 29250
SILVER
Impact may come on Fed speech
Buy 44500 on dips sl 44040 target 45200
CRUDE
As per the report US crude production for Feb- Mar will rise. However crude is not able to sustain above 100$ . Production from Libya also will rise.
Buy Crude on dips at 6215 with sl 6185 target 6280
Above 6280 crude can rise to another 50-60 points as international market SL will triggera
NATURAL GAS
Overall outlook is bearish as winter is going to over
Sell on rise at 292.50 with Sl 298 target 283
BASE METALS
Overall base metals outlook is Bearish except Nickel where downfall is limited
Buy Nickel with Sl 862 for target 895 , Above 900 also looks very much possible.
Disclaimer : The calls above mentioned does not guarantee success.
Source : CNBC AWAAZ
IMPORTANT NOTE :
Today FED new chairman Janet Allen first speech. There is a lot of buzz in the market that GOLD & SILVER will rise, because of which a lot of retail investors are on the long side. Also If FED decides to end quantitative easing by year 2014 end then BEWARE , there will be a huge downfall in Bullions.
So guys please be alert with your positions.
GOLD
In china gold demand has increased by 41% . Fed's new chairman Janet Allen will givrhee first speech today. As per Indian Time the speech will commence from 8:30 pm.
Buy Gold 28970 sl 28850 target 29250
SILVER
Impact may come on Fed speech
Buy 44500 on dips sl 44040 target 45200
CRUDE
As per the report US crude production for Feb- Mar will rise. However crude is not able to sustain above 100$ . Production from Libya also will rise.
Buy Crude on dips at 6215 with sl 6185 target 6280
Above 6280 crude can rise to another 50-60 points as international market SL will triggera
NATURAL GAS
Overall outlook is bearish as winter is going to over
Sell on rise at 292.50 with Sl 298 target 283
BASE METALS
Overall base metals outlook is Bearish except Nickel where downfall is limited
Buy Nickel with Sl 862 for target 895 , Above 900 also looks very much possible.
Disclaimer : The calls above mentioned does not guarantee success.
Source : CNBC AWAAZ
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