IndiaMCX Market Updates 16th Dec 2008 + INR Vs USD Outlook - by IndiaMCX
H! Friends,
Yesterday Gold Rallied Up & Hitz A High of $842.50 Its An 2 Months Fresh High. But Not Closed On Higher Levels; Its Really Dangerous Signal 4 The Bears; Bz This Kind of Graphs Daily Collapse After Only $5-$10 Fall & Again Bulls Can Show Powers. Market is Fully Gripped in Bulls Hands & They Are Very Sharp After A Rally They Are Booking Profits & Again Trying 2 Build Long Positions. As Per Our View Today Again They May Pull The Price Higher.
Today Whole Market Open in "Lower-Tones" Some Credit Goes 2 Our Lovely INR Vs USD. Now Market Trying 2 Fight With Bears; If Bulls Wins in Next 1 Hr. Than We Can See Good Rally Up in Whole Counters Specially in "Gold/Silver".
INR Vs USD Outlook
Our Lovely INR Vs USD Going 2 Hit Our Positional Trgt of 47.70. If Today It "Break/Holds/Closed" Below This Point Than We Can See 46.10 in Coming Day's; But 47.70 is Very Strong Support Zone. So Currency Traders Close Watch Over This Counter - IndiaMCX
Disclaimer: This Research Report Is Prepared 4 General Information. Opinions/Estimates Contained Herein R Subject 2 Change Without Notice. The Data/Information Herein Provided Is Believed 2 Be Reliable But IndiaMCX Advisory Services Does Not Warrant 4 Its Accuracy/Completeness. IndiaMCX Advisory Services Or Any Of Its Employees R Not Liable 4 Any Action Taken By Any Party Based On The Above Information. This Material Is Not Intended As An Offer Or Solicitation 4 The Purchase Or Sale Of Any Financial Instrument. Special Note: Short-Term Trading May Results In Huge Profits in Commodity Futures; All Positional Traders Die's Its Our Personal View.
Regards!
Bharat
IndiaMCX Advisory Services
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