Gold Silver MCX Tips

MCX Gold  prices have been consolidating with less directive moves. Even in  this baffling state, weakness could restore only below 29160 region, else hold the same for short covering rally towards 29350/29420 or even higher towards  29570. But unexpected plunge below 29160 region may ignite fresh selling towards 29030/28880.


In Silver even as the broad negative trend is intact, intraday moves likely to  be restricted near 52200-52000 region and push prices higher. A direct rise above 54500 with volume would require negating our bearish expectation and push prices higher.

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Gold Silver Tips, Crude Updates

MCX Gold-  Technical Chart of Gold suggest that prices have breached the crucial support of 29400. RSI is in a sell  mode. We expect prices to correct up to levels of 29120. So Sell around 29280 levels with a stop loss placed above 29400 levels for targets of 29120  level.


MCX Silver- Silver prices are trading near the crucial support of 52400 levels.  Stochastic is building strength. We expect prices to go up to levels of 53100. Trading Call: Buy around 52400 levels with a stop loss placed below 52000 levels for targets of 53100  levels.

MCX Crude-  Crude Oil trend suggest that prices have reversed after taking resistance of 4800. MACD is in sell mode. We expect prices to correct up to levels of 4700.  Sell around 4775 levels with a stop loss placed above 4820 levels for targets of 4700 level.

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Commodity Tips By Expert

NS Ramaswamy of Ventura Securities recommends buying MCX Gold August contract at levels of Rs 30,050-30,070 per 10 grams with a stop loss of Rs 30,010 per 10 grams. We expect targets of Rs 30,180 per 10 grams and beyond that Rs 30,250 per 10 grams.

Ram Pitre, Head research at ITI Limited expects crude oil trade higher due to improved sentiment for euro and corrective rally expected in US dollar. So, he suggests buying crude at around Rs 4,700 per barrel with a stop loss of Rs 4,660 per barrel for a target price of Rs 4,770-4,800 per barrel.

Priyank Upadhyay of SSJ Finance & Securities feels that after the recent pullbacks in commodities, resistance is coming in base metals on higher levels. He looks to sell lead on rallies around Rs 108-108.50 per kilogram with a stop loss above Rs 110 per kilogram and we look for targets of around Rs 105 per kilogram.

Sumeet Bagadia of Destimoney Commodities reckons that nickel will continue to move up for the day. So he advises initiating long position at around Rs 890 per kilogram levels with a stop loss to be placed below Rs 880 per kilogram levels for the upside target of Rs 910 per kilogram and above that Rs 920 per kilogram .

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MCX Gold Updates: Evening Outlook and Trading Strategy

MCX gold (October ) Futures is expected to touch 26210 if it manages to stay above 26000 mark. After recovering from recent dips, prices recovered its momentum and now looking for a consolidation phase of 26200-26400. A direct fall below 25850 may invite unexpected downtrend in Gold and it may slip down to 25780-25750. A dip till 25900 could be taken as good opportunity to take new positions in Gold Futures.
Traders can Buy Gold above 26200 to target 26250-70-26300

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MCX Bullion Tips- Gold Silver Trading Strategy

MCX Gold Silver Trading Strategy-

Gold MCX is likley to be in Up trend as long as 21850 level is sustained. Below this level Gold will have to see some selling pressure and Silver might see lower levels like 21720-21600 which later can turn out to be fatal if 21500 level breaks. A consistent trade above 22110 will be a signal of broad upward momentum and this could take Gold to intraday levels of 22200-22250.

Silver MCX is likely to reman consolidate for the day but a break through above 51300 can support Silver to touch levels like 51500-51700 followed by 52400 later.
Below 50900 Silver may see intraday downfall till 50600.
Intraday traders can buy Silver July contracts above 51300 for the targets of 51500-51700-800 stoploss below 51000

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MCX Gold Silver Updates- MCX Intraday Calls for evening

Sell Gold April Around 20650 TG-20550-500 SL-20770

Sell Silver May below 52480 TG-52210-52140 SL-52780

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MCX Gold Silver Tips

Buy Silver May 54330 TG-54550-54650 SL-54180

Buy Gold April Around 21100-150 TG-21200-21300 SL-21000

Keep Visiting us for Gold and Silver updates.

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MCX Bullion Commodity Calls

Silver (March Futures): Buy - 44550-530, SL - 44400 and the target - 44800


Gold (February Futures): Buy - 20410, SL - 20350 and the target - 20550

BUY ZINC JAN above 109.20 SL 108 TGT 110.20-111-112


Get Free Stocks and Nifty Future Tips Visit Our Nifty Tips Blog

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Commodity Tips- Evening Updates

Gold (February Futures): Buy - 20570, SL - 20 520 and the target - 20 710

Silver (March Futures): Buy - 44 500, SL - 44350 and the target - 44 800

NCDEX Chana (January Futures): Buy - 2540, SL - 2503 and target - 2610

Cotton NCDEX (April Futures): Buy - 730, SL - 715 and the target - 760

Crude oil (January Futures): Buy - 4050, SL - 4000 and target - 4120

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Commodity Tips For Today

Gram (January Futures): Sell - 2580, Steugpalugss - 2600 and target - 2550


Guar Seed (January Futures): Sell - 2470, SL - 2500 and target - 2420


Copper (February Futures): Buy - 387.50, SL - 383 and the target - 394


Gold (February Futures): Buy - 20680, SL - 20 580 and the target - 20900
 

Silver MCX (February Futures): Buy - 43550, SL - 43450 and the target - 43700-800/44000





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Commodity Tips For Today

Silver: Buy - Rs 41575-41675, SL - 41 450 and Target - Rs 42100-42250

Gold: Buy - Rs 20230-20250, SL - Rs 20200 and target - Rs 20325-20395

Natural Gas: Buy - 193 , SL - Target Rs 191 - Rs 197

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Commodity Tips- MCX Gold Review

MCX Gold has started on positive note on Friday morning at MCX Counter as the prices held up 0.450 percent and tested new highs at 19715 per kilogram amid a considerable sell off in the US Dollar. Yesterday, Gold prices settled on a higher side with buying momentum at lower levels in global markets. Silver prices have also recovered after sustained losses over last week. Gold has edged higher tracking the positive momentum in silver and Global equity markets. In Asian Market, Buying momentum from investors and speculators kept Gold prices upbeat ahead of festive demand.

The yellow metal is expected to remain in positive trend as long as prices stay above 19400 levels now. A next important barrier is at 19700 to stop positive trend. For today, one can buy gold near 19550 to see more gain further till 19700 in intraday trades.

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Bullions Tips- Technical View

Gold Prices look reluctant to edge higher. The day’s moves so far is increasingly pointing towards a fall towards 19400-19300 or even 19000. It would require a direct rise above 19625 to alter the intraday view to positive, while a close above the same or an intraday penetration of 19850 region would be required to signal powerful rallies in the coming days.

Break of 35800-900 is required for continuation of yesterday's uptrend. The day’s trades have attracted bargain hunting but have been feeble. Need to flat above 35500 to suggest that the uptrend may continue. However, sharp falls are unlikely until 35170 gives away. There is a fair chance of a break of the 35900 barrier, but inability to do so should be taken as an earlier signal that the next leg of bear move targeting 32400 could unfold soon, provided 34600 also gives away.

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MCX Commodity Trading Strategy For 22 Oct 2010

MCX Gold - Dec  Sell at 19390 TP 19300 SL 19430

MCX Silver - Dec  Sell at 35020 TP 34750 SL 35180

MCX Aluminium - Oct Buy at 104.2 TP 105.6 SL 103.5

MCX Lead - Buy at 110.35 TP 111.45 SL 109.75

MCX Nickel - Oct Sell at 1044 TP 1033 SL 1050

MCX Zinc - Oct  Buy at 110.30 TP 111.6 SL 109.7

NCDEX Steel - Nov Sell at 25290 TP 25100 SL 25390

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Evevening Trading Strategy For MCX Commodity

Zinc October Buy @ 109.70-110 TG-111.50-112.25 SL-107.85

Gold December Sell @ 19350-19380 TG-19220-19150 SL-19460.00

Sell silver December @ 34840-34920 TG-34600-34300 SL-35070

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MCX INTRADAY TIPS

MCX Gold -  Buy at 19560/70 TP 19645 SL 19520

MCX Silver - Buy at 35800 TP 36025 SL 35680

MCX Crude Oil - Nov  Buy at 3670/74 TP 3710 SL 3648

MCX Aluminium - Oct  Buy at 104.6 TP 105.8 SL 103.9

MCX Copper - Nov  Buy at 374.2 TP 378 SL 372

MCX Lead - Oct  Buy at 109.2 TP 110.54 SL 108.5

MCX Zinc - Oct  Buy at 108.9 TP 109.9 SL 108.1

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