HAPPY MORNING -- GOLD,SILVER,CRUDE OIL, COPPER - SEP 6TH

Gold (1903) is continuing to trade strong and is trading above 1900. As mentioned yesterday, it will have to be seen whether it can rise past its previous high of 1915. The broader outlook remains bullish.

Silver (43.09) is trading below its important Resistance at 44. A strong break above it would be very bullish for further rise to 48-50.

NYmex Crude (84.08) has dipped below its Support at 84 and has bounced back slightly from its low near 83.50. The recession fears and the stronger Dollar are keeping the price pressured on the downside and a test of 80 looks likely.

Copper (4.05) has dipped to its Support at 4.00 as expected. While 4.00 holds, the chances of seeing 4.50-60 will be still there on a break above its Resistance at 4.20. However, break below 4.00 will trigger further fall to 3.90-80 and reduces the chances of any sharp upmove.

NIFTY STRATEGY - SEP 6TH

-Yesterday ,We had boldly written below 5050 level.Panic upto 4984-4962 not ruled out.

-7DEMA was at 4950.Just see it kissed 4954 & taken U-turn !

Now ,When to Buy and When to Sell is important but for that u need perfect levels to trade !

Last close :5010

-Extreme low volume ,Yesterday volume was lowest of last 12 sessions-

Just watch 4962 level very carefully.

Decisive Break below this level with volumes and should remain below this level for 5/10 minutes will create allround PANIC.

-Nonstop slide upto 4896—–4874 not ruled out.

(Above levels we are writing since Friday afternoon )

Suppose not Breaks low of Yesterday 

i.e 5954 & Crosses 5019 level then ??

Watch Rally upto 5041-5048———!!!

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