mcx bullion tips today,copper trend and updates for today,free commodity tips,zinc trend,NCDEX chana tips
MCX Bullion updates :-Spot gold prices gained by 0.4 percent on the back of positive global market sentiments ahead of the German constitution court hearing on September 12, 2012 and Federal Reserve policy meeting on September 12-13. Weakn ess in the DX also added to the gains in the gold prices. Expectation that US Federal Reserve and Chinese government might take stimulus measures to boost the economy created positive market sentiments in yesterday's session.
Gold Trend Today :- Gold prices are consolidating for the last three days, we may witness prices to
test 31750 -31700 and continue the uptrend. Conformation of the up move once
it sustains above 32000. Buying on dip recommended.
Gold Oct Support - 31600 31720 31800 Resistance - 31950 32030 32140
Silver Updates Today :- Silver prices are expected to witness fresh buying once it sustain above
64100 we recommend to buy if sustains above 64100 with a stop loss
below 63750.
Silver Dec Support - 62750 63150 63600 Resistance - 64100 64550 64900.
MCX Copper Trend :-Copper prices is expect to trade on bullish note on the back of upbeat global market sentiments coupled with weakness in the DX.Copper prices may witness profit taking till 447, we recommend to buy on dips around 447 -446. Prices are likely to test 460 on higher end.
Copper Nov Support- 447 449 452 Resistance - 453 456 460.
MCX Tips Today :- Buy silver 63800 64000 stoploss 63585 target 64400 64600 64800.
NCDEX Updates :- Sell cardamom below 978 .sell chana on pullbacks ,NCDEX chana Sustained trades below 4600 could result a sell off towards 4500
followed by 4450 levels in the near term.
NCDEX Maize Sustained trades below 1400, the trend seems to be gloomy and
foresee a major lower correction towards 1340 levels.sell maize on pullbacks.
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