10:31 AM
Nifty Tips
MCX Gold-Prices have been consolidating without much direction, even though for intraday we favour an initial up thrust with an immediate target of 29700/850 or even higher. In such a convivial picture, closed below 29450 region could amplify the chance of a vertical drop towards 29300/230 or even lower towards 29150
MCX Silver- The present reactionary waves after the fall likely to overshadow the bear attempts and such moves likely to move higher towards 53950/54500 or even more. But a Penetration below 53100 region could cause for a continuation of selling pressure towards 52600/52000.
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