Update On Gold!

Gold Daily Chart

 

In our previous report dated November 30th 2011, we had expected gold to drift downwards from $1750 level to $1600 level. After achieving our target of $1600 on December 14th, 2011, gold continued its downward trend and it went on to break $1532 level today (low of $1532 was made in the month of September this year). Now, we expect the downtrend to continue if it closes below $1532 levels. This would open shutters for the downside level of $1363 in the short term.

We recommend selling gold if it closes below $1532 and add position as it rises. We expect this downward rally to continue up to $1452, $1397 and $1363.

We maintain our long term trend as Bearish targeting $1100 as long as area of $1805 is protected.

Currently, gold is trading below the 200 day SMA.

Update on Havells India Limited!

Havells India Limited (Daily Chart)

The stock is in a sideways movement and has just completed its sharp downward rally from 445.25 to 386.5 which is a strong support area and has its 200 DMA at 378 levels. Below the 200DMA, the bears can once again take control and are set to take the stock lower. The divergence in Directional Movement Index and Force Index are evidences that any up move in the stock for now will be to add short positions. Also, a Buddha Top formation at 450 levels confirms that the upward movement in the stock has halted for a while. Thus, we suggest initiating fresh short positions in the stock below the level of 378 and add as it turns higher for a short term target of 332-295-260-215.

View on Gold for this winter!

Daily Gold Chart

Since September 2011 gold has been in a down trend from 1921$/Ounce to 1523$/Ounce. Since then it has been in a sideways correction phase for the last two months. Our view is to sell gold around 1750$ to 1774$ and we expect final panic rally targeting up to 1600$.


On the other side if gold breaks above 1805$, we expect an upside rally targeting up to 1840$ and 1921$.

We maintain our long term trend as Bullish targeting 2350$ as long as areas of 1520$ is protected.

Sell Exide Industries!

Exide Industries Ltd Weekly Chart

Exide Industries Ltd Screener

The stock was in an uptrend since April’ 09 until November’ 10. Since November’ 10 it has formed a double top around 180 & double bottom around 110 levels. Hence, we recommend short selling on a downside break of 108.  

Support	91	80	71	61	47.5
Resistance	117	121	130	140	150
Recommendation	Based on the chart & explanation above, we recommend selling in Exide industries below 108 and take profit at various levels (93, 70.5 & 57). Maintain a stop loss above 130 to protect losses.

If you have any queries, we are just a phone call away.

Best regards,

Dreamz Consultancy

+ 91 98845 27725

+ 91 98413 27014

dc.finserv@gmail.com

 

Bata India Update!

Bata India Weekly Chart

Bata India Screener

Support	572	520	468	401	337
Resistance	629	650	670	686	712
Recommendation	Based on the charts and explanations above, our opinion is selling Bata India around 610 to 645 and take profit in stages at 561, 519 and 471 and stop loss above 741 might be appropriate.

 

Nifty Update!

Nifty Screener

Support:      4720, 4560, 4460, 4380, 4300
Resistance:  4885, 4985, 5065, 5145, 5260

Recommendation:  Based on the charts and explanations above, our opinion selling nifty below 4720 and take profit in stages at 4560, 4380 and 4200 and stop loss with daily closing above 4980 might be appropriate.

Technically Speaking Silver!

Based on the charts our opinion is, selling silver around 38.6$ gradually targeting 38.15$, 37.68$ & 36.73$, while the stop loss is a four hour closing above 39.10 might be appropriate.

Technically Speaking Gold!

Based on the charts our opinion is, selling gold around 1550.00 gradually targeting 1532.00and 1523.00, while the stop loss is a four hour closing above 1558.00 might be appropriate.

Technically Speaking Silver!

Based on the charts our opinion is, selling silver with a four hour closing below 36.35 gradually targeting 35.00 and 34.35 , while the stop loss is a daily closing above 36.75 might be appropriate.

Technically Speaking Oil.

Based on the charts our opinion is buying oil with four-hour closing above 91.40 targeting 92.30 and 94.40. Stop loss with hourly closing below 91.20.

Intrady Buy Gold!

Based on the charts our opinion is, Buying gold around 1527$ gradually targeting 1534$, 1542$ & 1552$, while the stop loss is a daily closing below 1512$ might be appropriate.

weekly report:silver

Weekly Report.selling silver around 36.24 gradually targeting 35.56,34.79 and 33.83 , while the stop loss is a daily closing above 37.46

Positional Buy Silver!

Based on the charts our opinion is, Buy silver around 37$, add more if it clears 37.48$, targeting 38$ and 38.5$ stop loss below 36.24 might be appropriate.

Future: Intraday Sell JPassociat!

Based on the charts our opinion is Selling Jpassociat @ cmp 83, targeting 81.7, 80.8. Keeping a stop loss of daily closing above 84.9 might be appropriate.

Positional Sell in Zinc!

Based on the charts our opinion is, selling MCX Zinc around 102 – 102.5 targeting 100.75, 98.8 & 97.45. Maintain a stop loss of daily closing above 103.65 might be appropriate.

Gold Intraday Update!

Based on the charts our opinion is, selling gold around 1540$ targeting 1518$, 1508$ & 1497$ and maintain a stop loss of daily closing above 1552$.

Silver Intraday Update!

Based on the charts our opinion is, selling silver around 36.80$ targeting 36.05$, 35.6$ & 34.8$ and maintain a stop loss of daily closing above 37.46$ might be appropriate.

Weekly Report on Gold! Update

1st target almost achieved in Gold as per our weekly report. Gold made a high of 1553$. Clients still holding on to any such positions can exit at cost. CMP: 1535$

Intraday Selling in Silver! Update

1st target achieved in silver. Current hour low 36.22$.

Intraday Selling in Silver!

Silver Trend Down. Based on the charts our opinion is Selling Silver around 36.8$ - 37$, (MCX: 55150-55350), Gradually targeting 36.34$, 35.98$ & 35.64$. While the stop loss is a daily closing above 37.46$ might be appropriate.

Positional Sell in Nifty

Nifty Trend Down. Based on the charts our opinion is Selling Nifty Fut around 5540-5560, CMP: 5545, Gradually targeting 5474, 5400 & 5333. While the stop loss is a daily closing above 5650 might be appropriate.

Intraday Crude Update!

Sell crudeoil around 98.6$(approx Rs. 4432), Stop Loss 99.1$. Target 98$ & 97.4$

Report on Silver for 07-06-2011

Silver Trend Down: Sell silver around 36.65$-36.85$ (Approx 55100-55300), Stop Loss Daily closing above 37.46$. Slowly targeting 36.22$, 35.8$ & 35.1$.

Weekly Report on Gold! Update

Gold steadily climbing to our 1st target. Current hour high 1552.8$

Weekly Report on Silver!

Based on the charts our opinion is, selling silver around 37.00 gradually targeting 35.35,34.85 and 33.90 , while the stop loss is a daily closing above 38.90 might be appropriate.

Weekly Report on Crude Oil!

Based on chart explaination, sell in crude oil around 100.4$ targeting 98$, 96.6$ & 94.45$. Maintain a stop loss of daily closing above 103.6$

Weekly Report on Gold!

Based on our chart explaination, Buy in gold around 1535$ to 1540$ targeting 1556$, 1560$ & 1581$. Maintain a stop loss of daily closing below 1523$.