7:02 PM
Nifty Tips
MCX Gold (Dec)
20000-20150 is seen as an important region, if Gold crosses this level it can go up 20400-20760. Inability to float above 19850/20 would be a bearish call. Go for short in Gold if it breaks level of 19720.
MCX Silver (Dec) -
Short term indicators signal are increasingly suggesting that there is more room for downside than upside atleast in the short term. To this end, yesterday's peak of 36900, could act as a stiff resistance. Prices may initially look for bargain hunting support from the 36300 vicinity, which if unsuccessful could let slip even more, until finding support at 35800. A direct fall below 35800 would be a bearish call
targetting 35120 or 34800 initially.
targetting 35120 or 34800 initially.
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