MCX GOLD AND SILVER TIPS FOR TODAY:-(MCX), COMDEX start on a negative zone after a fall of 0.46% Yesterday.Today Gold has resistance level at 29297.7 to 29652.8 and support at 28914.8 to 28561.1 with the pivot level of 29159.Silver has resistance level at 57571.4 to 58966.7 and support level at 56296.7 to 54906.9 with pivot level of 56674.
GOLD FUTURE TIPS FOR TODAY:-Gold futures prices declined 0.11% to Rs 29,125 a 10 grams today, mostly in line with a weakening trend overseas as strong dollar reduced the demand for the precious metal as an alternative investment.
MCX Gold February: Buy around 28,800 levels with a stop loss placed below 28,700 levels for targets of 28950 levels.
MCX Silver March: Buy around 56,200 levels with a stop loss placed below 55,700 levels for targets of 57,100 levels.
MCX Crude December: Sell around 5,230 levels with a stop loss placed above 5,275 levels for targets of 5150 levels.
MCX Natural Gas December: Buy around 175.30 levels with a stop loss placed below 172.90 levels for a target of 179.50 levels.
MCX Copper February: Buy around 409 levels with a stop loss placed below 406 levels for targets of 413 levels.
MCX Nickel December: Sell around 975 levels with a stop loss placed above 980 levels for targets of 962 levels.
GOLD FUTURE TIPS FOR TODAY:-Gold futures prices declined 0.11% to Rs 29,125 a 10 grams today, mostly in line with a weakening trend overseas as strong dollar reduced the demand for the precious metal as an alternative investment.
MCX Gold February: Buy around 28,800 levels with a stop loss placed below 28,700 levels for targets of 28950 levels.
MCX Silver March: Buy around 56,200 levels with a stop loss placed below 55,700 levels for targets of 57,100 levels.
MCX Crude December: Sell around 5,230 levels with a stop loss placed above 5,275 levels for targets of 5150 levels.
MCX Natural Gas December: Buy around 175.30 levels with a stop loss placed below 172.90 levels for a target of 179.50 levels.
MCX Copper February: Buy around 409 levels with a stop loss placed below 406 levels for targets of 413 levels.
MCX Nickel December: Sell around 975 levels with a stop loss placed above 980 levels for targets of 962 levels.
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