17 Nov 2011:: Commodity, Currency Buy/Sell (Technical View):: IFCI research,

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COMMODITIES:

Ø  Gold closed above 29000. If on 16/11 trades also it is able to close above this level, we can see targets of 29500-30000.

CURRENCY :

Ø  INR VS $ : Rupee has touched 51/115 in today's session. It is near our next target of 51/50. However, we would advise caution between 52-53 range or even from the present levels for those who are long. It could be volatile. Profit booking ( partial/full) is definitely advised. However, if Rupee is able to close above 52/50 convincingly, we could see it weakening further.

Have strict stop losses