SMI-Precious Metals Outlook – 15th May

Posted By : Kishore B.S

Hi Friends !!!!! Please watchout for Precious Metal Outlook as below: GOLD: Now with the correction that has set in this commodity which has been tremendous and huge in the last 2 months some amount of skepticism has been created in the minds of investors and traders alike. As envisaged in the last week the correction was expected to the support levels of 28600 and below that

Market View for 11th May

Posted By : Kishore B.S

Hi Friends !!!!!   The markets seem to be resilient and also on the downward drift which seems to be slow and yet likely to reach the target level of 4880 soon if the minor support level of 4930 does not hold. The graphs too are indicating that the downward trend is likely to continue after the failure of the indices to maintain the upward trend

Market View – 10th May

Posted By : Kishore B.S

Hi Friends !!!! The markets remain largely range bound yesterday and moved in the range of 40 points taking support at the 4948 mark which also co-incides with the 61.8% retracement of the FIBONACCI line. With this support levels the charts are also indicating that they might give some breather or upmove of the downtrend that has set in in the last few sessions to 5100-5140

Market Commentary

Posted By : Kishore B.S

Hi Friends !!! The Markets opened with Negative bias continuing the downtrend set forth yesterday and remained range bound largely during the first half of the session hovering in the range of 20-30 points on either side of Yesterday closing levels. The later half of the session saw the fall of the Index to further down upto the 4960 levels which was the support levels, the

Market View 9th May

Posted By : Kishore B.S

Hi Friends !!!! The charts yet again proved that the rally on Monday was just a flicker due to the GAAR deferment and that the trend is down with the lower target almost intact for the days to come. As indicated in the chart the target zone of 4882 now seems imminent in the days to come which would be nearly 61% Fibonacci retracement of the

Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

Precious Metals Out look: GOLD: [caption id="attachment_332" align="alignleft" width="574" caption="Gold: Technical Chart"][/caption]   After the Upmove made during the last week on back of uncertainty in the global markets and also the Buying Spree in the Indian markets on the Akshyatritiya season, the commodity has been facing some resistance at the 29400 mark due to lack of buying interest at the higher levels. With this failure

Market View 2nd May

Posted By : Kishore B.S

Hi Friends !!! The markets rallied up on Monday and closed on a positive note. And with this the indices have maintained to remain on the positive note for two consecutive trading sessions. Technically it can be assum ed that this could be the beginning of some upward momentum which would be further confirmed if the Indices manage to close above the 5408 mark. Though indices

Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

Precious Metals Outlook for the week: GOLD: [caption id="attachment_309" align="aligncenter" width="572" caption="Gold Technical Chart"][/caption] Gold made the upmove last week as said to the target level of 29100, and with this upmove now it remains to be watched whether the upmove would further continue after breaching the earlier resistance zone of 29280- 29400 levels which has been the current all time highs for the commodity.  

Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

Weekly view on Precious Metals:   GOLD: [caption id="attachment_256" align="aligncenter" width="800" caption="Gold: Technical Chart"][/caption]     Gold which has remained range bound during largely during the last 10-14 sessions is on the verge of the upper side breakout above the Price level of 28660, giving a FLAG breakout pattern with likely target of around 29100 levels. It would be advisable to remain long on GOLD with

Stock Market Institute : Precious Metals outlook for the week

Posted By : Kishore B.S

Friends, Precious Metals outlook for the week: GOLD: Gold Technical Chart     Gold has been failing to cross and hold above the important down trending line at 28700 and only a move and closure above that could take it to newer rally with possible targets of 28850-29200 failing which some Profit booking to 28340-28000 levels cannot be ruled out. The indicators are also pointing out