Nifty breached 5100 & but not Sustained

December, 8, 2011 ( 01:40 pm) :- Nifty breached the 5100 level with in the 1 hour of trade but after the announce of our country also affecting by the European crisis disapproval of the FDI in multi brands also made and session of market is in the profit booking mode.
Nifty facing strong resistance at 5150 - 5180 under this Nifty trend keep weak for a down target of 4940 level.
Banking index continuously providing good returns everyday with the really of SBI, AXIS & ICICI Bank.

Bullion Recovered In Late Market

December, 7, 2011 ( 01:50 pm) :-  Bullion are sparked at the late or and session of MCX & Comex.
USA investors are not worried about the coming events because European leaders signals that IMF providing help for European countries who are facing financial crisis.
Crude oil momentum also range bound whole day, a rising tension on the Iran exports resistance will trigger oil prices will at new high.
Silver have strong resistance at $ 33.20 above this level it's trend bullish under this its trend totally down.
Gold have strong resistance at $ 1742 above this trend totally bullish side & unless its in down trend.

Technical Coverage On Gold & Silver

November, 29, 2011 ( 03:30pm ) :-  Gold looking week due to the settlement provide in MCX.
Today, Gold trading near their 100 day moving average of Rs 28,600 still above Rs 28,600 gold trend supportive for upside.
Silver was also trend looking weak due to the settlement period in MCX. Silver looking down under RS 56,500 for a target Rs 54,600 - 53,200 in next few days.
Today Gold & Silver technical charts showing weakness by which we are expecting Gold may be drops to Rs 28,500 - 28,340.
USA consumer confidence data's are releasing today & strong expectation of huge recovery in data's which are directly pressurize Silver & Gold in the downside levels.
So, Let's see the data tonight.

USA GDP Data Outlook

Very Important data release tonight USA Gross Domestic Product looking stands at 2.50% as a expectation. Data is looking totally positive side for bullions.
Silver have strong selling pressure from last few days due to the continuously correction in the global demand out look.
Stock market correction was also pressure the Silver in MCX & Comex.
Big investors sold around 1,00,000 Kg approx. Silver as a profit booking & hold his cash as a safe side.
We also seen at all base metals breaks our resistance level hold continuous rally in MCX due to the dollar upside momentum.
Over all market is very good for trading due to the higher volality in the settlement periods next week.

Gold prices drags again

Gold prices in Comex & Forex platform again drags due to the heavy selling in stocks & commodity markets by the traders and investors.
Investors who heavenly invested in gold little bit cautious again after the fell below $ 1700 . But dollar trading high everywhere against every currency pair.
Russia also buying gold . Russian Central bank bought 18.5 tonne gold in october.

Initial Claims drags bullion prices

Unexpected  Initial claims data drags the gold silver prices. Intraday traders sold gold & silver in electronic trading by which silver droped 5% down.
But other Global investors bought 12,000 kg approx gold from the spot markets, by which bullion takes supports from dips.
Gold looking totally bullish for targets Rs 29000 in short term view with strong support at Rs 27960 levels

Range bound movement in Silver

Silver prices are totally range bound in MCX & Comex from last few days.
Range movement in Silver due to the uncertainty of European crisis. Investors are conferred & out of markets are due to the no solution in Europe markets.
Silver moving around in downside $ 33.80 - 33.60 in Upside $ 34.80 - 35.
Initial jobless claims & consumer prices index in USA are not showing satisfactory recovery by which investors are avoid to take large positions in Silver.
If Silver breaks $ 35 then looking for the target of $ 36 - $ 37 unless in downside Silver looking to hit $ 32.60 - 31.80

Gold & Silver Sinks Due To Technical Selling

 Gold Fells Due To Technical Selling On Upper Levels in Comex, But Prices in MCX Still Above Rs 18000 mark.
But Prices Of  Mcx Silver In Continuously Fells As Like The Comex Silver From Rs 30120 to Rs 28440. Silver Funds are /still Buying Silver Due to Economic Debt Crisis Rises In Whole Europe.
But Gold Settlement Period Near At 5 June. due To Higher Prices In Mcx or Comex. Small are not much Interested in Buying Physical  Gold In India.
If Gold Breaks $ 1160 mark Then We For See Gold Prices at $ 1144 - 1120 In Comex & Rs 17700 - 17440 In MCX
If Silver Breaks $ 17.60 mark Then We For See Gold Prices at $ 17 - 16.40 In Comex & Rs 27500 - 26800 In MCX
                              

Gold Bonding Wire Versus Copper Bonding

Semiconductor Industry Consumes Around 137 Tonne Gold In a Year in Gold Bonding For Semiconductor Packaging.

 

Due to Recent Rise In Prices Of Gold From $ 750 To $ 1150 , the Total Cost Of  Wire Suppliers Increases That's Why , Many Of the suppliers Used Copper Bonding To Decrease their Total Cost. There was Recent rise In Copper Wire Shipments From Various wire Suppliers to the Semiconductor Industry Will Reach Approximately 5.8% of Total Shipments (in meters), up from just 1.6% of the Shipments Reported in 2007.  

 Many Wire Suppliers Also Agreed That Copper Wire Bonding  is  Lack Reliable From Gold Bonding For Semiconductors.

 

Copper Wire Bonding also Creating A Little Threat To Gold Industry.

BULLIONGURU.COM,

COPPER GAINING DEMAND CONFIDENCE

 Fed Raises Discount Rate By 0.75 % On 18 Feb Signaling end Of New Stimulus Measures, this Action Show A Smooth Recovery In Economy From Recession, By Which  Industrial Demand Is Going To Peak In  Next few Years.

Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 - 10 %  Till 2012.

From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.

Copper Looking To hit $ 4.20 - 6.00 lb till 2012 - 2013.
 In MCX Our Copper Price Target Of Rs 380 - 400 - 440 In 2010. I Expects It Will Trades In Range Of Rs 250 - 440 In 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