MCX Trade Tips

MCX Gold price 26836.0
MCX Silver price 50218.0

MCX Silver prices have broken through a downtrend channel line . Near month March contract is at Rs 49,422

GOLD : Trend Decider of this week: 29159
1. SILVER : Trend Decider of this week: 56813
2. Crude : Trend Decider of this week: 5182
3. COPPER : Trend Decider of this week: 411

MCX COPPER INTRADAY TIPS - SELL COPPER
MCX COPPER FEB
SELL BELOW 393.5
STOPLOSS 398.5
TGT 391-387-385

MCX Crude Oil Tips - Sell MCX Crude Oil Now
MCX Crude oil
Sell below 5079
Target : 5060-5052
Stoploss : 5096

Buy MCX Natural Gas - Live Trading Tips
MCX NATURAL GAS
BUY AT 168.20-168.30
TGT: 171 / 172.40 / 174
STOPLOSS: 167

	R1	R2	S1	S2
Gold	29045	29236.85	28705	28857
Silver	56633	57153.58	55774.69	55440.2

In Jaipur market, Pure silver (999 purity) was estimating down Rs 800 at Rs 55600 and in Delhi market it was down Rs 750 at Rs 55500.

Spot Silver Rates in major metros in India:

City	Silver 999	Change
Mumbai (Dec 09)	56156	-909
Ahmedabad (Dec 09)	55247	-934
Chennai (Dec 09)	55400	400
Delhi (Dec 09)	55500	-750
Jaipur (Dec 09)	55600	-800

Gold futures have been trading in a much tighter range than usual during current sessions. It is a turnabout from large volatility over the past several months, said our share tips expert.

Analyst with our MCX Tips Expertise said, “The gold volatility indexes GVX and GVZ have moved into the mid-20s, down over 15 points from recent highs. Traders are being struggling between a number of market forces that have pulled the market in different directions. An uncertain economic outlook and the firm dollar have weighed on metals prices.”

“Technically, February gold’s trading range continues to tighten, forming a large wedge. The market direction is not known, however the elevation of the section or triangle suggests that the potential move could be explosive,” share tips experts concluded.

MCX Support and Resistance

Support and Resistance for Gold
R2 is 29570.20 and R1 is 29300.15
S1 is 28845.50 and S2 is 28599.70
MCX Gold can buy on Dips

Support and Resistance for Sliver
R2 is 59950.25 and R1 is 58200
S1 is 56400 and S2 is 54800.10
MCX Silver can buy on Dips

Yesterday it is predicted that all MCX Commodity Market products were closed at negative prices. But now all are trading at positive prices. MCX Gold is trading above Rs. 28,900 and MCX Silver is trading near at Rs. 55,700. Also MCX Copper is trading at higher prices today, it is trading above the level of Rs. 400. Our Commodity Tips and MCX Tips expertise assumes that MCX Gold, Silver, Copper, Crude all are trading at higher price today and all base metals are trading flat.

The downtrend realized in Copper has vanished away due to weakening dollar. LME copper has reached up to $8000 per ton.. On MCX, aluminum, nickel, lead and zinc are trading with a rise of more than half per cent. On domestic market also Copper with nearly 1.20% rise, is trading around 409.50. Other Metals are also gaining

Copper can buy at above 409.50 for TG- 412.50 Stop loss below 406.

Silver on MCX is recovering to some level. In international market, Silver has gained considerably today’s which has been seen in MCX as well. MCX silver as seen in the weekly chart is found resistance at 58785 after it fell suddenly lower towards 55652, and closed lower.

For the next week Our Share Tips and MCX Tips Expertise expects that Silver prices to find resistance at 56800-56950. Trading consistently above 56900 can trigger a sharp rally initially towards 57680, then 58000, and then finally towards 59960. For such fluctuation the 60000, can be a last point at this time. So above that a new trend formation can be perceived.

Now Support is observed at 54880-54830. Trading below 54800 would give correction initially towards 53700, and then finally towards 52806.

Silver March 2012 Overall trend is sideways now resistance at 56000 and downside support at 54000 to watch out. Higher level to sell side.

Gold MCX Trend
COMEX Gold Dec futures rise by 1.42 percent to $1,702.4 per troy ounce from $1,678.6 per troy ounce the prior day. Jitters through equally sides of the Atlantic coupled with fears of slowing down of the global economy is creating panic across the all the markets while a weaker greenback also supported the rise. Today Gold almost down by 0.65% & seems to trade in under pressure. Payrolls increased in 39 U.S. states in October, while the jobless rate dropped in 36, indicating the labor market is steadying across much of the U.S.Investment demand for the yellow metals at the SPDR Gold ETF saw an addition of 6.05 tonnes of Gold holdings the past while that of iShares Silver trust remained unchanged.

Silver MCX Updates
Now there is a range of data scheduled to release which can affect the prices of the Precious Metals Complex in the evening session of the trade. The U.S. markets will be closed tomorrow on the eve of Thanks Giving Day. MCX Silver December contract rose sharply by almost 5 percent on account of Rupee depreciation and hit an intra-day high of Rs57,180/kg on Tuesday. Today Silver is expected to trade sidewise, no correction seems in trading, prices continuously fall down.

Crude Updates
Crude oil inventories fell 5.57 million barrels to 335.7 million for the week ended 18 th Nov, 2011, the American Petroleum Institute said. Distillate fuel inventories fell 886,000 barrels to 138.1 million, the API’s weekly report showed. Gasoline stockpiles gained 5.42 million barrels to 209.6 million. Inventories at Cushing, Oklahoma, the delivery point for futures traded on the New York Mercantile Exchange, rose 791,000 barrels to 32.8 million. Today we expect crude will trade in rangbound phase, and on the other side supply concerns from Iran and expected fall in US crude oil inventories will provide support on the other hand.

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MCX Gold Tips and MCX Silver Tips for Today

MCX Gold is in a downward trend and the mcx gold tips for today is to Sell mcx live gold. The mcx gold (Dec) prices has taken resistance near 28850 level and has reversed. The mcx gold trend is also looking weak and estimated that mcx gold prices will arise up to 28300 levels.
MCX Silver price trend is also in a downtrend the prices took resistance near 55800 level and has reversed. MCX Silver trend is also looking weak and prices may come up to levels of 54100.

MCX Tips for Today On Gold Silver
MCX Gold is instructed to sell around 28750 levels with a stop loss placed above 28900 levels for a target of 28300 levels.MCX Silver is advised to sell around 55200 levels with a stop loss placed above 55800 levels for a target of 54100 levels

Yesterday Silver prices were trading higher in Chennai market, while it were down in Mumbai, Delhi, Jaipur and Ahmedabad markets.Pure silver (999 purity) was down Rs 150 at Rs 55750 in Delhi market, while in Jaipur market it was down Rs 200 at Rs 55800.