Mcx base metal tips for today 24 july 2012,mcx bullion tips,mcx gold tips for today,commodity trend,free commodity tips and updates,intraday mcx tips
MCX Gold Trend today :- Gold prices are expected to trade higher to the tune of 29550 – 29600 as it has managed to close above the channel breakout above 29300.Buying on dips is recommended.Support- 29180-29400 Resistance- 29650-29480.
MCX silver Updates & Tips :- Silver prices are trading within a very narrow range, prices are likely to hold 52500 on closing basis, we can expect a bounce till 53400. One should buy around 52500 with a stop loss below 52000.Support- 51400-52500 resistance- 53050- 53850.
Copper Updates and Levels :- Copper prices made a recovery after breaking the support at 417 and managed to close above that, which suggest that we may see a bounce back
till 423 – 425, whereby one should remain caution.Support- 414-420 resistance- 423- 429.
Mcx tips For today :- Buy gold between Rs 29,250-29,300 per 10 grams with a stop loss of Rs 29,150 per 10 grams for a target price of Rs 29,400-29,500 per 10 grams.
MCX August bullion jumped above Rs. 29400 yesterday after tumbling to as low as Rs.29297, getting boost from the fragile Indian Rupee. Yesterday, it closed higher by Rs.171 (0.6%) at Rs. 29,448 per ten grams. Prices rose to a high of Rs. 29,481 per 10 grams and fell to a low of Rs. 29,297 per 10 grams during the day's trading. It may open today's session near Rs. 29400 levels with resistance near Rs. 29500 levels.
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