MCX Trade Tips

MCX Silver:
Silver was moving higher previous session as euro surged against dollar but now it fall again In today's session Silver May contract at MCX trading at Rs 57059, down by 1.26 percent by 16:09 IST and touches an intra-day low of Rs 57854.

MCX SILVER May contract was trading at Rs 57015.00 down Rs 137.00, or 0.20%. It reached an intraday high of Rs 57182.00 and an intraday low of Rs 57030.00. So far 9209 contracts have been traded.

MCX SILVER July contract was trading at Rs 59167.00 down Rs 141.00, or 0.23%. It reached an intraday high of Rs 58650.00 and an intraday low of Rs 59587.00. So far 240 contracts have been traded.

GOLD (April)
Due to Budget proposal on Friday, smart rally at higher-side but yet again the selling pressure results in closes nearly 28810. But for present consider resistance at 28910-28210 reversal to sell side. The Trend Decider weekly 27820 to watch out.
For today Higher level resistance 28260-28231 watch out and support at 28100 in the near term and Short-term trend is bullish.Below 1710-1720.12, target 1665, 1650 and then 1610 mark easily.

"Trade Tips" for Gold and Silver For Today:

Today "MCX silver prices" are currently trading close to an all important support level of Rs 58600. The May contract opened at Rs 59200 on Wednesday, down from Rs 59926 from the March beginning The MCX silver chart show the support at Rs 59600.As china is a major buyer of silver for investment and industrial purposes but disappointing trade balance might all weigh heavily on silver prices.

Today's "MCX Trade Tips For Gold "

MCX GOLDM April contract was trading at Rs 27975.00 down Rs 110.00, or 0.38% and touches intraday high of Rs 27889.04 and an intraday low of Rs 29173.00. Subsequently far 23810 contracts have been traded.