Thursday, 25 July 2013

MCX Gold Slip Down |Commodity Updates Today

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MCX Gold Slip Down :- The trend in gold futures for August delivery on MCX looks sideways for the day and traders are advised to book profit in a narrow range.For intra-day, support for the commodity is seen at 27000 while resistance is seen at 27500. Traders may take buy position near 27100 with the stop loss of 27000 for the target near 27400 

Commodity Updates :- Both commodity segment is trading with narrow range at red note.In Ncdex chana No strong recovery was noted for Chana as overall market sentiments remained weak. Traders do not expect any strong recovery in the short term till rains subside as overall Pulses production too expected to be on the higher side. 

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