Bullion tips for today,live mcx calls,free commodity trend,mcx ncdex tips
MCX gold trend today :- Gold prices have been pulled and pushed on the back of expectations of further quantitative easing. Gold once again attempted to re-establish its safe-haven status following weaker-than-expected US payrolls data, prompting a flight to safety amid concerns heightening over Spain and Greece while risky assets sold off.Gold is looking sideways with the investors waiting for the weekend elections in Greece and other data releases.
MCX August gold delivery may open today's session near Rs. 29700 levels with support around Rs. 29640 and Rs. 29570 levels. Yesterday, it closed higher by Rs. 221 (0.74%) at Rs. 29,765 per ten grams. Prices rose to a high of Rs. 29,784 per 10 grams and fell to a low of Rs. 29,527 per 10 grams during the day's trading.
MCX Lead trend :- Lead was trading in range bound from last week and surged amidst the bargain hunting with 14% dip in its open interest to 4844 lots. Lead is still near to the resistance level of Rs. 106.9 per kg and if it breaches, it is likely to find next resistance at Rs. 108.5 per kg.
Nickel trend today :- Nickel rose sequentially for the last 6 consecutive days and breached the major resistance level of Rs. 958 per kg. Nickel was finding the next resistance level at Rs. 978 per kg and Rs. 985 per kg and support at Rs. 948 per kg and Rs. 932 per kg. Nickel traded above 50-day EMA and its RSI stood at 68.15.
MCX Tips For Today :- Buy present mcx gold contract at around rs 29,650 with a stop loss of rs 29,500 for a target of rs 29,850 to rs 29,900.
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