Saturday, February 20, 2010

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. 

Saturday, January 30, 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)

Friday, January 15, 2010

Predictions For 2010 By Bullionguru

Gold : Gold Prices Looking Positive In First Two Quarter Of  2010 Because Interest Rates Remains Low Till First Half Of Year 2010.Second Half Of 2010 Must Very Volatile We For See Strong Recovery In Dollar Index In 2010, Gold Could Make New High OF $ 1350 Oz in 2010 ,  If It Breaks $ 1240 oz in 2010 Or If It Breaks $ 960 Level Then Gold Trend Shifted To Down side For A Target Of $ 850 - 820. Unless It Is In Range Of $ 820 - $ 1250 Oz.
Silver Silver Prices Looking Positive In First Two Quarter Of 2010 Same As Gold. Silver Looking To Hit $ 20 - 21.30 - 22  in Upside Or If Silver Breaks $ 16.60 Then It Could Hits $ 14.80  - 12.60.
Copper : Copper Trend Looking Bullish In 2010 Rising Global Manufacturing Data + Industrial Production + Global GDP + Increase In Exports & Imports . Copper Prices Keep In To Rising Trend Copper will Hits Rs 400 - 440 Levels in Mcx. If It Crosses Rs 368 levels. Unless Remain In Range Of  Rs  260 - 400 Range.
Crude OilCrude Oil Trend Also Bullish In 2010 Because Iran Going To Make Atomic Bomb , Global Economic Recovery & Some International Political Tension . Crude Looking To Hit $ 100 & Above this Level In 2010 . Range Of Crude Oil $ 60 - 105 in 2010.
Nifty : Nifty Looking Very Positive In 2010. Nifty Will  hit At 6000 & Above 6000 in 2010. Range Of  Nifty Around 4000 - 6400 in  2010. There Will Be Sharp Corrections In 2010 Due To Rising Interest Rates But Recovery Would Very Strong.
GBP/USD : GBP Looking Bullish Against Dollar In 2010. Target For 2010  is  2.0000. As Increasing  Housing Demand & Robust Industrial Production Helps GBP/USD TO Make New Year Highs.
EURO/USD : EURO Looking not much Bullish Against Dollar In 2010. Target For 2010  is  1.8000. This is Possible If EURO/USD Crosses 1.6060 Level In Foreign Exchange Market.
 USD/JPY : Yen Looking Positive In 2010 Due to Stimulus Package by Japanese Government. Japanese Economy Recovers From Recession Second Half Of 2010 Should Be Crucial Two Japan's Economy . USD/JPY Looking To Hit 98 - 104 - 110 in 2010. Yen  Trades 80 - 110 Range in  2010.

Tuesday, December 15, 2009

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


Tuesday, December 8, 2009

Buy Tata Communication For Target Of Rs 400 :

  Tata Communication Charts showing strong Support at Rs 352 - 358 . Fundamentals Of This Are Also Supportive, Anyone Can buy This stock For A Target Of Rs 380 - 390 - 400. 

Bullionguru.com

Friday, December 4, 2009

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

Thursday, December 3, 2009

Buy Punj Lloyd For Target Of Rs 240

Punj Lloyd Charts Showing Some Support at Rs 197 - 202 range After a Sharp Correction Due To Unsatisfactory Quartley Results . But Major Support Seen At Rs 180 levels & Traders Can Buy This stock With Stop Loss of Rs 162 & For A Target Of Rs 220 - 234 - 248

Bullionguru.com