MCX Gold Trend Levels >> MCX Silver Trend Levels

MCX Gold Tend and Target For Today

MCX GOLD (FEB) -*Gold FEB contract which will expire on 4th*FEB 2012. Gold gave a bearish run as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are: MCX Gold Target


SUPPORT 1: 27735, SUPPORT 2: 27615

RESISTANCE 1: 27925, RESISTANCE 2: 28055

Gold prices are trading in a narrow range, however profit booking is expected around 27569 . Oscillators are suggesting flat to up move ahead.

Silver prices have ended the day by giving up all the gains in the morning session. Prices are expected to test 55100 - 54700, which should act as a support for buying with a stop loss of 53000.Oscillators are heading up.

Nickel prices witnessed profit booking as it entered the resistance zone at 1030- 1035, one can buy around 1025 -1020 with a stop loss of 990. oscillators are heading up.

The speed at which the rate of gold is going high shows that, in the coming years the people who have invested their money on this thing are going to get excellent returns for themselves as the list indicates that in the coming future the rate is likely to go high.

Will anyone please guide me when should I buy Gold. I am new in the commodities market and just getting to know my way around. Ihope

Originally Posted by davidwells

Will anyone please guide me when should I buy Gold. I am new in the commodities market and just getting to know my way around. Ihope

Dave, Go long on Gold when it dips like 5% and if you keep rolling over positions, you can benefit. Gold has been pretty strong in INR though it has fallen with respect to USD ...

Commodity Market Outlook
• Gold headed for the longest rally in six months
• Silver futures for May delivery rose 1.1 percent to $29.16 an ounce
• Copper rose for a second day in New York
• Nickel, tin, aluminum and lead rose in London.
Gold headed for the longest rally in six months as signs of slowing growth in Europe increased speculation that central banks will expand stimulus, boosting demand for precious metals as a store of value. Copper rose for a second day in New York as global equities strengthened and Chinese passenger-vehicle sales had the strongest start to a year since 2010.

Stock Calls Money Capital Height Research Pvt. Ltd. Presents
STOCK CASH PLUS CALLS 14-03-2013
SELL AXIS BANK (LCP 1346.7) BELOW 1343 TG-1335-1325
SELL UNITED SPIRIT (LCP-1960.1) BELOW 1955 TG-1945-1930


SELL JET AIRWAYS(LCP-575.75) BELOW 573 TG-567-560
SELL AJANTA PHARMA(LCP-652.4) BELOW 650 TG-645-637

Well assisted by some of the top stocks from FMCG, Metal and IT sectors, Nifty the fifty share index, looked re-achieving its feat that it acquiring during the last few weeks. On the other hand, Sensex showed good character with a whooping jump of 190 points today.

Today’s rally, which is all expected to go on, is likely to help Nifty regain its lost glory of 8000 pts. The fifty share index looks well complimented by Sensex which already on its way towards 27000 mark. Gains from industry majors like HDFC, RILBSE, TCS and Infosys have pioneered this rise in the Sensex index.

Many stock analysts and market experts feel these shares are on a buy call as there is more momentum likely in them