Friday, 17 August 2012

MCX Tips~ Bullion, Base Metal Trend Today

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MCX Bullion Trend :- Spot gold prices increased 0.7 percent due to positive data from the US economy along with weakness in the US Dollar Index. Additionally expectation of stimulus measures from the major economies also supported an upside in the gold prices. The yellow metal touched an intraday high of $1618.49 /oz and settled at $1,614.30/oz in yesterday's session. 

MCX Base Metal Trend And Updates :- The base metals pack traded on a positive note on the back of rise in risk appet ite in the global markets coupled with weakness in the DX. Additionally, decline in LME inventories also supported upside in the prices. Depreciation in the Indian Rupee also acted as a positive factor for the prices on the MCX. 

Mcx Tips For Today :- Buy gold around Rs 30,060 per 10 grams. 
Gold (Oct) Sell between the levels of 30130-30140 for target 30080-30030 with stop loss of 30155 with having Up trend. 

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