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Sara
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| 04 April 2011, 20:10:39 |
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GOLDMmcxMAY(m)
Technical Levels:R3 - 21150/21224
R2 - 20950/21010/70
R1 - 20880
Pivot - 20845
S1 - 20770/700
S2 - 20680
S3 - 20560/380
Technical Commentary:
The day’s bias should largely stay negative till 20780/720 as long as 20900 cap the upside. A direct fall below 20700 would stretch the trend towards 20500 in near terms. However a direct rise above 20980 to trigger fresh short covering rallies, but should attract long liquidation pressure if unable to sustain above 21150 later.
Trends:
Intraday - Down
Near Term - Up
SILVERmmcxAPR(m)...............read more |
