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MCX Gold Tips
MCX Gold suggest that prices have reversed after taking support at 28600 levels. Stochastic is in a buy mode. We expect prices to correct up to levels of 28950. MCX Gold June contract declined around 0.1 percent on account of appreciation in the Indian Rupee and touched an intraday low of Rs. 28,635/10 gms yesterday.
Trading Call: Buy around 28800 with a stoploss of 28700 for target of 28950.
MCX Silver Tips
MCX Silver suggest that prices have reversed after taking support at 54500 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 55800. MCX Silver May contract dropped almost 1 percent taking cues from a stronger Rupee and touched an intra-day low of Rs. 54,426/kg on Wednesday.
Trading Call: Buy around 55100 with a stoploss of 54500 for target of 55800.
