Long Gold for short term target of 1380 after consolidating @1315 level
My buy area in 3 Installments of 33% @ 7972, 7701 and 7367 (only condition before Brexit) whichever is earlier
"Gold demand just had its strongest ever first quarter" This year’s first quarter is one for the history books. Not only did gold appreciate at its fastest pace in 30 years, but demand for the yellow metal was the strongest it’s ever been on record. Demand surged 21% from the same period a year ago, according to the latest World Gold Council (WGC) report ....
Gold looking bullish from fundamental perspective. Majority of Big-Traders churning from Equity to Gold. Technically, speaking Gold is on the verge of major uptrend and accelerate once crosses above 1300
Exit Nifty Soon Likely to Re-test 6800 Level.......Besides Technical charting weakness Keep in Mind Bexit Meeting, FOMC meeting & US Election. Switch to commodities.......GOLD
Consolidated @23.60% level or 1252.63. The next Target or 50% 1483.52 by May end
As per Elliot Correction Wave (ABC) theory the BSE Sensex is likely to correct upto 23000 level
NIFTY likely to bottom out around 7100-7000 zone