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Chat Transcript
26 Jul 2012 - 12:00hrs hrs
Astha Jain | Senior Research Analyst
Precious Metals, Base Metals & Energy
Chat Transcript
| sharad232: Asthaji, what is your outlook on silver short term (1-3 months) |
| Astha Jain: Silver(MCX SEP FUT) is looking bullish in short run hence one can buy at current level(53300) with Trg of 53800-54400 (1 week)and stop loss of 52800 |
| abhipunjabi: hi good morning. I am long in nickel current July contract @ 883 could you advise me on this and also please could you advise me on silver from a short to medium term trade. Thanking you in advance. |
| Astha Jain: Nickel July contract will rise upward if it break 894 level..Continue long position with stop loss of 870 & Target of Rs 901-921.. Silver(MCX SEP FUT) is looking bullish in short run hence one can buy at current level(53300) with Trg of 53800-54400 (1 week)and stop loss of 52800 |
| purvesh1742: Hi Mem: Can we expect physical Gold below 28000 in near future. |
| Astha Jain: In Short run say for a period of 1 week or so gold is looking bullish .. is expecting gold to touch 30150-30300 level...Hence possibility of gold falling below 28000 in near future is very low... |
| archana5114: pls. comment on mentha |
| Astha Jain: Mentha is showing very rangebound movement from last few weeks..the range is 1260-1345 (July Fut)... Don`t enter in any long trade right now.. wait for some time.. if it break 1386 on upside then buy for trg of 1440-1480.. |
| sakalapraveen2: can i sell gold at cmp |
| Astha Jain: Gold is looking strong in short term..is expecting gold to touch 30150-30300 level..hence don`t sell it at current level... |
| suhailbashir83: I need to buy some jewellery for a wedding in the family.Is this the right time or I should wait a bit? |
| Astha Jain: You can buy Gold at present level... |
| ajay369020000: whats your view on alumunium, it goes lower or upper for intrday trading |
| Astha Jain: In Intraday Aluminium July Fut is looking weak... can fall down to 103-102.80 level... |
| koolkk1986: ashthaji i am short in silver at 53000 can silver come down in intraday or shud i exit from it |
| Astha Jain: In intraday Silver is looking strong.. Hence keep strict stop loss of 53520 level ( Sept Fut)and exit |
| viae0004: can I purchase physical gold at this level |
| Astha Jain: Gold is looking strong in short run ...hence one can purchase at current level.. |
| mastersingh: what about gold hourly charts shows strong resistance @29900 can i short it till expiry and expect a target of 29150 even in forex its taking a support @1567/ounce please share your views |
| Astha Jain: Gold is looking strong .. hence one can buy gold if it break 29870 (Aug Fut) today for further target of Rs 30000 |
