![]() Nifty may test 4450: Hardik JainPublished on Mon, Jun 29, 2009 at 08:46 | Source : Moneycontrol.com Updated at Mon, Jun 29, 2009 at 08:48
Technical Analyst, Hardik Jain: Equity:
Commodity: We mentioned last week that Gold has major resistance at 14700. However, Gold managed to cross this barrier towards the end of last week. Momentum indicators turned positive on daily charts after a long time. One can go Long in Gold with SL of 14600. Currency: Dollar touched a high of 48.53 last week and corrected thereafter. Momentum indicators turned negative for Dollar. It can come down to 47.60 where it has some support from its 20 Day Moving Average. One can go short Dollar with SL of 48.80.
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