Skip to main content

Gold, Silver Tips

Silver Tips
On January 21, 2012 silver prices were trading higher in major metros in India. In Chennai market, pure silver (999 purity) was quoting up Rs 1100 at Rs 56700 and in Jaipur market it was up Rs 700 at Rs 56400.

Gold MCX Tips
In spite of constant efforts to push lower, attempts were arrested near support of $1714-1717 regions and provided signals of prolonged bullishness. The day’s candle stick pattern too is supportive to extend the upbeat rally. Meanwhile, breaching of the immediate upside hurdle of $1742 would be an initial requirement to prop up the bulls and later on $1755. Hence, for short term we retain our bullish perspective till $1770 as long as $1680, i.e. 100 day moving average, act as a stiff downside obstacle. Unanticipated drop below $1702 will provide chances of corrective selling but trend reversal point is seen only if prices push below the strong support of $1660. In the mean time, selling pressure cannot be ruled out as both RSI and Bollinger Band studies signaling over bought conditions while in volume oscillator market is showing signals of underlying weakness in the commodity.

Silver tips, gold tips, mcx tips, copper tips, mcx commodity updates, nifty tips, gold mcx trend get from here
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Tips Today

Our Target hits on our SBI Call which we posted before 3 days ago. Buy SBI At - 2220 for the Target of - 2240 & 2270 for day & tomorrow with Stop Loss - 2190.50 Sell Tata Motor(Intraday) At - CMP for Target of - 283.05 & 279.30 with Stop Loss - 288.50 Get daily Stock Intraday Tips, Nifty tips here
Post a Comment
Read more

LME - Copper Updates with MCX Copper Trend

Copper Updates London copper slipped on Wednesday, partially reversing gains of more than 1 percent in the prior session, as anti-austerity protests in Spain revived concerns over the euro zone debt crisis and the demand outlook for industrial metals. The protests in Spain, where the government is likely to set a fresh timetable for economic reforms later this week, highlight the country's financing challenges and stirred doubts among investors about whether it would have the political will to apply for an official bailout. Three-month copper on the London Metal Exchange was down 0.8 percent at $8,210.50 per tonne by 0705 GMT, after rising 1.1 percent in the previous session. In MCX Commodity expert feel copper, Rs 440 per kilogram is holding over the last couple of trading days despite the negative fundamentals. He believes that on the upside, the resistance near Rs 446 per kilogram remains strong.
Read more