Saturday, 31 March 2012

MCX Tips Free Trial For Gold

MCX Gold prices have witnessed a support from 28050 -28032 and recovered from the low and ended higher, prices are expected to test 28300 -332 on higher end. More Information about mcx tips free trial visit the site

Silver prices are likely to remain positive if sustains above 56202 and test 57552 on higher end. Oscillators are in negative zone.

Copper prices are holding the middle bollinger band on closing, can test 434-432 on higher end which seems a good resistance for the metal. Oscillators indicating range bound move ahead.

Nickel prices have entered the oversold zone hence selling at these level are not recommended. One should accumulate between 890 -882 zone

Lead, one can enter long with a stop loss below 102 for the target of 104.50 - 102. prices could hold support at 103.20. oscillators are in negative zone.

Crude prices are expected to test the resistance at 5330 -5342 one should look for selling opportunity on higher end. oscillators are heading down.

Thursday, 29 March 2012

In the Share market Gold above Rs28,012


In the past week, MCX Gold prices tested the valid uptrend line support visible on daily chart and bounced sharply to close around 28000 levels. This is also coinciding with the neckline support of bullish head and shoulders chart pattern. More Information About share market tips please visit the site

We expect prices to rise up from current levels in upcoming sessions.

Recommendation: Buy above Rs28012 for a target of Rs28491 with a stop loss of Rs27791.

MCX Crude Oil:

MCX Crude is forming a broadening pattern on the weekly chart and it is moving higher towards the upper end of the pattern.

On the daily charts it is forming a triangular pattern, and the resistance line is pegged at 5410 levels. Long positions can be initiated above the resistance line.

Recommendation: Buy above Rs5411 for a target of Rs5541 and a stop loss of Rs5348.

MCX Nickel:

The double bottom chart pattern failure is evident in the continuous weekly chart of MCX Nickel. Prices can retest their previous bottoms of 860 levels. Short positions can be initiated below 940 levels.

RSI (14) has given a negative crossover and is on the verge of entering the over sold zone.

Recommendation: Sell at Rs940 for a target of Rs860 and a stop loss of Rs1001.

Tuesday, 27 March 2012

Gold has support around USD 1617: Indian Stock Market

Gold is trading at 1664.147 levels, rising higher in trade. Gold traded higher as the dollar took a breather and was trading weaker amongst major currencies. Lesser liquidity injections into the system by various sovereign authorities will see limited trading action and also possible downward bias in the commodity space. Support is seen at 1617.240 (55days EMA in Weekly chart) and the resistance comes near 1680.344 (21 days daily EMA). Overall bearish target 1600 dollars. More information about indian stock market please visit the site

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