book profit in short call of tatasteel future arround 263.50, or trail with SL of 264

book profit in short call of tatasteel future arround 263.50, or trail with SL of 264, short created @ 267.60

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Booked hug Profit in Gold Short @ 1314 Short created @ 1387

Booked hug Profit in Gold Short @ 1314 Short created @ 1387 on 14 jun 2013

TOTAL  BOOKED PROFIT: 73 POINTS

All clients has been requested to exit from gold short position as we got handsome profit, so its better to book n exit the same.

Low made 1288, after breaking imp support of 1313.

* we haven’t got the full benefit of free fall in gold as USDINR has been reached AT NEW LIFE TIME HIGH, but Got 73  points in COMEX GOLD & 450 points in MCX GOLD in Short call , generated on 14 jun 2013

Gold will show Either side Breakout after FED MEETING on 19th Jun

Gold will show Either side Breakout after showing big volatility as FED MEETING ahead on 19Th Jun 2013.

FED will Announce either QE3 will continue or not in that meeting.

Gold is already in downward rally, any Bad news, might put more pressure on Gold & other commodities like Crude oil, Base metals etc…

there is a major possibility to show downside breakout in gold, silver, oil, but nobody can guess What Ben Bernake Will speak.. So either hold short position with Strict Stoploss or stay out side of market.

Any positive rumor/ news can starts short covering as there is too much short positions in market in Gold.

As Fear is the biggest Market mover, short covering may show unexpected rally.

all in all small traders should remove their positions, as their risk ability is small.