GOLD - REVIEW

Gold given above 9610 has made a high of 9950 in just 3 trading days. Hold it for 10300 revising stop loss to 9750. There could be a consolidation at that level and there after could be 10700-11200. A reversal from 10300 could rest at 10000-9800.

GOLD

Buy GOLD MINI if it closes above 9620. It would break the trend line and initiate a fresh rally towards 9700-9900. At those levels we are review and take decision to exit or hold further. Keep stop loss at 9550 on closing basis.

Stocks Review

Sobha made a high of 1020 and still moving, Tata Motors if closes above 810 can make new highs, Tech Mahindra made 1452 and can still move even tough Infosys results are weak.

Watch out for Infosys post results. If 1975 is broken it can fall, but reversals can lead to 2450 in short term.