Tuesday, March 31, 2009

Market view for 31st March

Gold & Silver were highly volatile yesterday however still weak and expected to fall further from these levels. Today we have seen the same weakness so far and more to come..

Base metals have expiry today so will avoid trading in them.

Natural Gas as expected bounced back from its support of 190 zone and given Rs. 6 profit in intraday. Some more weakness will be witnessed below 190 only.

Crude has shown some disappointment. I was expecting for it to take support in 2545-2555 range but it could not hold those levels so below this more weakness was expected and yes we have seen the same weakness in the steep fall today...More to come....

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