GOLD (MCX): Trend is up but price is correcting and this fall may continue till Oct-Nov. Investors should wait till a clear cycle bottom is formed. Price will take support at 28800, below which it can fall to 26000, 23000. If the price does not rise from current correction, it will turn into a down trend.
SILVER (MCX): It is in long term uptrend and intermediate term downtrend. Below 30000, the long term uptrend will end.
SILVER (MCX): It is in long term uptrend and intermediate term downtrend. Below 30000, the long term uptrend will end.
Its current upward cycle started in Jun from a low of 38536. The current upward cycle is expected to last at least till Jan 2014. But if it falls below 47000, this upward cycle may end. Currently price is correcting and this phase may last till September to December. Last investment buying signal was in Jun 2013. Investors should wait for a buying signal.
COPPER (MCX): It is in long term as well as intermediate term uptrend. Below 380, the intermediate term uptrend will end.
Its current upward cycle started in April 2013 from a low of 367. The current upward cycle is expected to last at least till Jan 2014. But if it falls below 420, this upward cycle may end. Currently price is correcting and this phase may last till September to December. Investors should wait for a buying signal.
NIFTY (NSE): It is in long term uptrend and currently it is consolidating. Below 5000, it will enter into an intermediate term down trend.
Its current upward cycle started in Dec 2011 from a low of 4538. Currently the cycle is in downward move. The current downward cycle is expected to last till Oct-Dec 2013. If price fails to remain above 5800, it may fall to 5600. Above
5800, it may go up to 6000-6160. Investors should wait for a buying signal.
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