European Meeting Optimism

December, 5, 2011 ( 03:00pm ) :-  All markets including stocks & Commodities are moving towards upward direction on the strong cues comes on the expiring today.
Little bit Volatile comes over the settlement in MCX today. Gold & Silver contracts are expiring today.
Dow Jones Industrial average future up by80 points from the optimism coming from the European Countries.
All European Countries getting financial aid from the side of IMF which is provided through the European Central Bank.
Nifty have strong resistance at 5150 levels  under this level  short term trend still bearish side.
Gold have strong support at Rs 28960 above this trend bullish under this trend down for short term.

Gold & Silver Prices Falls Due To Technical Selling

Gold Prices Face Technically Selling Pressure Under $ 1140 & $ 1120 in Comex & Rs 17000 in Mcx Due To Hedging Made By The Bullion Importers & Jewellers Due To Lower Consumer Demand From Year -to - Year.

According to Recent Datas "Physical delivery of gold in settlement of contracts, a key indicator of genuine hedging, rose to 2.7 tonnes in February, compared with 0.348 tonnes a year ago, data from the MCX, India's largest commodity exchange for bullion, showed".

But Gold Holds Their Support Level At $  1097 to $ 1102. Trend Looking Still Support For Gold for Upside But Pressurize Due To Selling by Hedgers . Gold Prices Unable To Sustain Above $ 1140 Levels Or Above Rs 17000 in Mcx.

If Gold Breaks Their Support Of $ 1097 then We For See Gold Prices Up to $ 1080 - 1064 - 1042 & For Silver If It Breaks $ 16.96 then We For See Prices $16.60 - 16.30 - 15.90  in short term & Unless Over All Trends still Supportive & Bullish.

But In India, Indian Meteorological Department Expects a Better Rainfall In This Monsoon. If Monsoon Gives Better & Good Rainfall Then they also gives Support For Gold & Silver Prices For Upside Trend.http://www.bullionguru.com/goldsilvertrends.html

BUY LANCO INDUSTRIES TGT RS 96

Lanco Industries Posted very Strong Quarterly Results. Lanco Industries Showing Support Zone 57 - 62 Zone . Anyone Can Buy This Stock In this Support Zone & Lanco Industries Business Prosperous Quarter by Quarter . Our Target For Lanco Industries Rs 80 - 90 - 96 ( 4 March 2010 )

Technical Analysis On Gold For FEB

Gold charts Showing Weakness Under $ 1100, Its Hovering Around $ 1090 From Last 15 Days. But Now Gold charts Showing Weakness Under $ 1090. This type Volatility Continues Till 5  Feb Settlement. Various Fund Manager Also Waiting The Obama Policy On Banking . According CFTC Data , Many Commercials & Non - Commercial Traders Cover Their Long Positions In Comex.

The New Word " Gold Bubble " comes Into Focus In World Markets.

Gold Trend For Feb Depend On Levels, If Gold Not Able To Cross Under $ 1104 Then Trend Bearish  My Target $ 1082 - 1076 - 1062 - 1044 - 1032.
Above $ 1104 Levels Gold Trend Very strong My Target $ 1117 - 1138 - 1156. Gold Funds Managers Or Etf's Head Are Analyzing The Economic Situation but All Economic Factors Are In Favor For Booming Economy.

Bullionguru.com( India No.1 Web for free Bullion, Stocks , Crude , Nifty & Currencies Trends)

Natural Gas Charts Looking Technically Bullish Target Rs 400

 Natural Gas Charts technically bullish side For Short Term Or 3 Months View. Fundamentals Are Strong But Global Warming Also Slightly Affects Demand Of  Natural Gas In USA. But Now  Demand  Time Initiates From Mid November To Mid March.

Technical charts Are Also Strong Anyone Can Buy Natural Gas At Range Rs 200 - 240 sl 168 tgt  Rs  280 - 360 - 400 - 424.

Bullionguru.com

Buyy Dlf Target Rs 650 till ( 1year)

Dlf Charts Showing Strong Support at Rs 350 - 380 range . Anyone Can buy Dlf with a One Year of Rs 615

Bullionguru.com

COPPER HOVERING AROUND Rs 320

om Last Few Months Copper Hovering Around Rs 310 mark. LME Inventories of Copper Rising Month To Month Due To Lower Demand In China.

Unemployment Rate In U.S. at 26 years High & They Also Provides Negative Trend To Base metals. Some Supports To Copper Prices Given By Improving Existing & New Home Sales In U.S.

Copper Charts Looking Weak Resistance Seen At Rs 317 - 328 & Supports Seen At Rs 278 - 282 range.

But For Next Two Months Copper Looking To Trade In Range Of Rs 260 - 340

Bullionguru.com