Tuesday, 7 February 2012

MCX Today Tips

GOLD (April)
In the Last week it was mentioned that that sustained above 29100 positive bias would continue and unable to hold and made a low of 27547 and closed at 27993. Short-term trend down until or unless recommend to sell-on-rise strategy in next few sessions with tight stop loss.

For today Gold Resistance level at 28310-28360, trade and sustained above with higher volume, trend will change and buy side, downside support at 28800 to watch out.

SILVER (March)
In the Last week it had gone bullish above 56120 and unable to cross major resistance of 58200-57300 and started some profit booking/selling at higher level. In this week consider resistance at 57100-57300, and support range at 57100.

Today the Silver Trend is bullish but higher-level pressure to continue by Bears unless successful crossover 59000 with volume, downside support 56100 to watch out.

No comments:

Post a Comment