Good Morning Everybody,The day has been started with some new deals; let’s have a slight perception about the market of Monday from MCX – Today.
Prices formed the Diamond top pattern and prices pierced the Apex. Interestingly, prices have also pierced its long hourly uptrend. Volume ROC indicator is showing the perfect picture of Climax Buying hence we expect some reversal. RSI has given break-out and has pierced its Rising wedge pattern.
Recommendation:
Rating: Sell
Target Price: 4120-4100
Upside: 8500/ Lot
CMP: 4185-4190
Stop Loss: 4245
Time Frame: Intraday
Showing posts with label mcx today news. Show all posts
Showing posts with label mcx today news. Show all posts
Monday, 5 December 2011
Tuesday, 29 November 2011
Risk for Intraday Trdaers on Gold and Silver
Crude Oil Petrol Prices may get down
MCX base metal copper which it was accepting to be get loss, maintained his position at last trading Minutes at 387.25 after crossing to 394. Yesterday copper traded from 376 - 394 and finally it getClosed at 387.25.MCX petrol prices may get down by Rs.1 the discussion is still been going on, it’s not cleared yet. Probably might chances of getting down.
After falling US stock market, dollar was on peak since last seven weeks as compared to Indian rupee, just getting down into dollar indian market looking remain its position. That’s the reason gold have profited of 1%.But the experts review still gold and silver will have negative role today itself which will gains to other base metal.
MCX base metal copper which it was accepting to be get loss, maintained his position at last trading Minutes at 387.25 after crossing to 394. Yesterday copper traded from 376 - 394 and finally it getClosed at 387.25.MCX petrol prices may get down by Rs.1 the discussion is still been going on, it’s not cleared yet. Probably might chances of getting down.
After falling US stock market, dollar was on peak since last seven weeks as compared to Indian rupee, just getting down into dollar indian market looking remain its position. That’s the reason gold have profited of 1%.But the experts review still gold and silver will have negative role today itself which will gains to other base metal.
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