Looking towards Market Nifty and Sensex has closed at their resistance levels and it has closed above 15808 and has given a very good closing but the momentum was lost and I believe that if it crosses 15800 - 50 and 15900, there will be a probability to move further upside and in case there should be Momentum into it and volume as well. I believe that market is losing the steam and if it is not going with good volume in upside it may correct a bit. 15400 mark is a major support on closing bases if it breaks the level it can come down till 14700-14500-14300. but for now immediate support level will be at 15800 and 15400 respectively... GAURAV BHATI
Dear All Investors Here I wanted to say some thing about the International Commodities Market- I am felling That at world level there will be gone big changes in world Economy and there will be some of these major factors will lead these changes Sub Prime (U.S. Financial crisis) Crude Oil Prices Gold Prices Decreasing Dollar Price (Against Euro and Yen) Presently Crude Oil is trading near 85 to 95 brl and I think it will touch 100$ very soon if it crosses 100 dollar we may see 105 and 112$ levels very soon. thus gold really will rock n roll curent price of gold is near 870$ to 890$ Per Oce. And if it happens the price of gold will rock n roll My first trg for it is 950$/oce then every thing is up on crude oil inventory and fed action about ROI. There is one more factor will lead the reasons ECB is about to announce a quoter trillion dollar loss under sub prime crisis. if inventory comes in negative gold may cross 968$ and if it happen next target will be 995$; 1005-07...
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