Special Technical Report

Friday | January 04, 2013

Content
Special Technical Report on Bullions (Gold & Silver) Strategy / Recommendations

Prepared by Technical Team

Anuj Gupta - Sr. Technical Analyst Anuj.Gupta@angelbroking.com (022) 2921 2000 Extn. 6137 Dhanik Shah - Sr. Technical Analyst Dhanik.Shah@angelbroking.com (022) 2921 2000 Extn. 6129

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

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Special Technical Report

Friday | January 04, 2013

MCX Gold Feb Contract (CMP: - 30,771)

On above MCX Gold Feb contract daily price chart, today, Gold price is breaching the Symmetrical Triangle ABC Pattern and crossing Trend line BC on the downside. We also notice Three Black Crows (a strong bearish candlestick pattern) falling between Point A and Point C which support the near term bearish view. Yesterday, we noticed that prices were unable to breach the resistance line AB and closed below it. Today Gold opened with a Gap Down with same Open High level which is also a bearish factor. Resistance is seen around 30950 - 31000 levels and strong resistance observed at 31200 levels. Support seen at 30600 levels and strong support at 30400 levels.

Strategy (5 7 Days) Sell MCX Gold Feb between 30850 30900, SL 31200, Target 30450 / 30400.

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Special Technical Report

Friday | January 04, 2013

MCX Silver March Contract (CMP: - 57,185)

On above MCX Silver March contract daily price chart, today, Silver price is breaching 12 days Flag pattern - ABC which is a bearish continuation pattern. We also notice Three Black Crows (a strong bearish candlestick pattern) falling between Point A and Point B which support the near term bearish view. Yesterday, we noticed that prices were unable to breach the upper resistance line XY and closed below it. Today Silver opened with a Gap Down with same Open High level which is also a bearish factor. Resistance is seen around 59000 - 59500 levels and strong resistance observed at 62000 levels. Support seen at 55000 levels and strong support at 54000 levels

Strategy (5 - 7 Days) Sell MCX Silver March between 58500 59000, SL 62000, Target 55000 / 54500.

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