COMMODITY CALLS:

SILVER UPDATE:

SELL SILVER AT 40350-40450 SL 40850 TRGT 40000, 39600, 39000.

GOLD UPDATE:

SELL GOLD AT 26200-26300 SL 26550 TRGT 25800, 25500, 25200, 24800.

Commodity Calls

BASE METALS : MCX COPPER SELL @ 816 S/L ABVE 822 T/P 800 CMP 811.40

Save Ur Expenses By Purchasing Family Flotter Health Insurance.

Trading Calls

Sell Zinc at 110.70 Sl 111.80 Trgt 109.90,109.

COMMODITY TECHNICAL REPORT :02/01/2013

MCX FEB FUT  GOLD

POSSIBILITY 

Market is expected to test 31100 levels in the near term.

Sustainable trading above Rs31100 levels would push the market further higher towards 31300 levels.

ALTERNATE POSSIBILITY

Any sustainable trading below 30600 would take prices towards30300 levels. 

SHORT TERM

SUPPORT      : Rs. 30620/30320

RESISTANCE:  Rs. 30940/31120

TREND TYPE

Sideways to higher 

MCX MAR FUT  SILVER 

POSSIBILITY 

As expected, prices are trading in a range of 58500-57200. Either side sustainable trading would help further movement.

Any sustainable trading below Rs57200 would attract fresh short positions in the market.

ALTERNATE POSSIBILITY

Alternatively, decisive close above 58500 would give further strength and prices may test 59200 levels.

SHORT TERM

SUPPORT      :  Rs. 57200/56600

RESISTANCE:    Rs. 58500/59200

TREND TYPE

Sideways  

COMMODITY TECHNICAL REPORT 17/12/2012

COPPER

POSSIBILITY 

Copper prices may remain sideways to lower and can test 441 levels.

Sustainable trading below 441 might pull the market further down towards 437 levels.

ALTERNATE POSSIBILITY

Only a daily close above 451 levels would result into positive movement.

SHORT TERM

SUPPORT      : Rs. 441/437

RESISTANCE: Rs. Rs448/451.

TREND TYPE

Sideways (Rise Sell).

  NICKEL

POSSIBILITY 

As expected, prices tested  its resistance of 972.

Any sustainable trading above Rs972 levels will attract further higher moves towards 990 levels.   

ALTERNATE POSSIBILITY

Sustainable trade below 950 would pull the prices towards Rs 935 Levels.

SHORT TERM

SUPPORT      : Rs. 950/935

RESISTANCE: Rs.   975/990

TREND TYPE

Sideways (Dip Buy)  

Euro-Area Unemployment Rises to Record 11.7% on Recession

The euro-area jobless rate rose to a record in October as the fiscal crisis and tougher austerity measures deepened the region’s economic woes.

Unemployment in the 17-nation single-currency bloc increased to 11.7 percent from 11.6 percent in September, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995 and is in line with the median estimate of 34 economists in a Bloomberg News survey. Inflation eased to 2.2 percent in November, the slowest rate in almost two years, separate data showed.

The euro-area economy has shrunk for two successive quarters, forcing companies to cut costs to help weather the downturn, and economists foresee a further contraction of 0.3 percent in the fourth quarter, the median of 25 forecasts in a separate Bloomberg survey showed. The Organization for Economic Cooperation and Development this week forecast contractions of 0.4 percent and 0.1 percent this year and next.

“The trend remains a gradual upward trend before we can hope for some stabilization in the second half of next year,” said Frederik Ducrozet, senior euro-area economist at Credit Agricole in Paris. “There’s no escaping the fact the unemployment rate will rise again in the next year; it’s a lagging indicator.”