Commodities and Index update:18 AUGUST 2011 technical analysis

GOLD :STRONGLY BUY  

2ndResistance Point  $ 1,801.5

1stResistance Point    $1,796.3

LastPrice                     $ 1,786.5

1st SupportLevel       $ 1,784.0

2ndSupport Level      $ 1,776.9

BANK NIFTY: STRONGLY SELL

2ndResistance Point            10,302.033

1stResistance Point              10,127.616

LastPrice                      9,953.200

1st SupportLevel        9,824.267

2ndSupport Level       9,695.334