Tuesday, May 1, 2012

MCX Silver Tips and Gold Updates For Today: 2nd May '12

MCX Silver is trading in a consolidate pattern today, Today it started with 55325 level. It is trading at 55396 level. On technical charts mcx silver is looking down in day trading terms. It has a strong resistance at 57000 and a strong support at 54300. There are more posibilities that mcx silver will met its support levels today. So we advised you to sell mcx silver july contract around 55500 with a stoploss of 56200 to meet the target of 54000 in intraday terms.

MCX Gold is in a good position. Yesterday it cloesd it trading with a bull trend. Today seems that it may trade in a consolidate trend. It may get its higher position if it will get its first resistance at 29500 else it could get its down trend if it touch its support level at 28900. We suggest to sell MCX Gold jun at higher levels.

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