Karvy has recommended to buy MCX Gold Feb at Rs 27400-27450 for the target price of Rs 28000 with a stop loss of Rs 27150, in its research report dated January 19, 2014.
Weekly Outlook: The week was largely stable during the initial half however, markets witnessed sudden spurt on Thursday. Gold gained over 2.5% following the unexpected rate cut and currency adjustment announcement by the Swiss Central bank while was higher over 5% for the week. . Swiss bank ended its 3 year old cap of 1.20 Franc per Euro which was seen as an effort to decouple itself from the debt problems in Euro area while indirectly support Bullion. One critical aspect which helps building a scenario for gold is the PVOI movement this week. Contract volumes for Feb and Apr at Comex increased while the same was conjugated with higher aggregate OI making positive case. Onto the demand supply side, ETF investment gained with holdings in SPDR Gold Trust rose around 3% to over 730 MT. In the coming week, there are no major economic cues to be watched from the US economy however the broader markets would be more keen to track the developments on other side of the Atlantic and Pacific. Amongst major cues we have the, ECB and BoJ monetary policy meeting and the Chinese GDP numbers which could create good volatility amongst all asset classes including Gold. Post the strong 5% increase in the commodity in one single week, we believe buying only on dips would be ideal for traders and investors alike.
Gold Feb MCX: Buy at 27400-27450 TP 28000 SL 27150
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Byu MCX Gold Feb; target of Rs 28000: Karvy
Dengan url
http://sehatgayahidup.blogspot.com/2015/01/byu-mcx-gold-feb-target-of-rs-28000.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Byu MCX Gold Feb; target of Rs 28000: Karvy
namun jangan lupa untuk meletakkan link
Byu MCX Gold Feb; target of Rs 28000: Karvy
sebagai sumbernya
0 komentar:
Posting Komentar