Trading strategies for gold, silver, oil, zinc by Tradebulls Securities

Gold is stubbornly holding on to the levels of $1450 and any sustained breach with volume can crash the prices till $1430

Rupee

The Indian rupee is the worst performing Asia ex-Japan (AXJ) currency for the second consecutive month in November. Rupee weakness came amid a 1.7% m-o-m increase in the foreign reserves to a fresh record high of $448.3 billion as on November 15. This partly explains the net sell-off in Indian government bonds in November versus a net inflow in October. 71.40-71.30 is proving to be strong support for Indian rupee and inspite of weak US Dollar, Indian rupee fails to trade sub 71.50 levels. We anticipate rupee to trade in range of 71.50-72.20 and today’s pause in repo rates will