MCX Trade Tips

"MCX Silver Price" for Today:

The white metal still remained the best precious metals, and gained 17.25 percent uptill yesterday."MCX Silver" May contract opened at Rs. 57879 and remains in a range bound within Rs. 58290 to Rs. 581400. It has broken down the important resistance of 58410 today and currently balanced around Rs. 59860 after making a high of Rs. 59604.

For now, after seeing and studying the 1hr Chart of silver it is found that it has formed a appropriate platform above Rs. 57227, but if the market is not closing below this level do not expect further downfall. More Information about Free mcx silver visit my site mcx-trade-tips.blogspot.com

GOLD (April)
In the last week, at higher level of 28878, sudden panic was seen as a result of which, it made a low of 27730 and close above 28910 indicates some support at lower level. In this week, resistance considered at 28410, crossover successfully and little positive side cannot be ruled out. Downside support at 28710 to watch out.
For Today consider resistance 29100-28360, not able to cross and sustained above, further break 28810 with volume real panic will start and may test .Closely eye 29155.

"MCX Gold Trading" Strategy for Today:

MCX gold falls, resistance at Rs.2880-29331
MCX gold gains, resistance at Rs.28915-28978
It holds small intraday profit but with some tight stop-loss
There is Possibility of move up in coming days and hold long position.

"MCX Trading" Tips: Gold futures recovered from lows under $1770 per ounce today for quoting around $1780 per ounce mark on bargain hunting.

MCX GOLD GUINEA February contract was trading at Rs 22706.00 down Rs 14.10, or 0.07% and touches an intraday high of Rs 22727.00 and an intraday low of Rs 22918.00. So far 1581 contracts have been traded.

Silver is well-known volatile, white metal had a delighted performance since the beginning of the year 2012. Silver is one of the top players for the month of January 2012 which returns handsome more than 19.36% at the international frontier. More information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Though, at MCX, rupee appreciation has limited the upside.In the latest US CFTC commitment report of traders report, profitable net short positions have been gradually increasing while large speculators are steadily adding to their net long positions. Commercial are commonly hedgers while large speculators are big banks, institutions and HNI.