MCX Tips: Gold and Silver Today

MCX Gold Tips

Gold suggest that prices have reversed after taking resistance at 30200 levels. MACD is in a sell mode. We expect prices to correct up to levels of 29000. Witnessing recovering move may not be succeed until prices make concrete trades above 29700 region and such abortive attempt could find support at 29490/29400 or even lower towards 29200. Conversely, astonishing move above 29700 region could lift up prices towards 29870/30550 or even higher towards 30650.

we expect gold prices to find Support at 29,430 – 29,400 levels and further below strong support is seen at 29,150-29,100 levels.

MCX Silver Tips

we expect Silver prices to find strong support in the range of 53,900-53,700 levels. Multiple closing below 53,700 levels would indicate that a short term top has been posted. Dips if unable to succeed below 53300 expect reversal of the present selling momentum and prices could edge higher towards 54600 or even more. A direct fall below 53100 will extend liquidation pressure towards 51000 later.

Silver suggest that prices have reversed after taking resistance at 56300 levels. RSI is in a sell mode. We expect prices to correct up to levels of 53000.

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MCX Gold Tips and Silver Trend For Today

MCX Gold Tips

In MCX Gold as long as 28750 hold the downside expect a turn higher and possibly target 28930 followed by 29050 or even more. A direct dip below 28730 could draw long liquidation pressure and take prices lower towards 28600.

Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend. Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level.

We advise that buy MCX Gold above 29396 with a stop at 28948 and if MCX Gold sustain below 28838 go for sell with a stop at 29285.

MCX Silver Tips

In enduring chart formation suggests prices have more room for further sell off towards 53300 followed by 53000 the day. At the same time turn higher above 54100 would be an early signal of renewed bullishness.

Currently MCX Silver is moving sideways the oscillator is showing BUY signal. In last 1 month volatality is very less and fresh buy can be considered in the Silver if it close above 55339 or buy with strict stop at 50996.

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MCX Gold Silver Tips and Commodity Trend For Today: 22nd May

MCX Gold Tips

The MCX Gold is in perfect uptrend now. Although it was in strong downtrend in last week but volume is unsatisfactory. The open interest is not increasing with trend. The Gold is now trading in overbought level. The Gold is now trading in overbought level. Prices seen trading firmly so far and we expect the buying bias only above 29170 region. Such wining moves could generate fresh rallies towards 29260/300 firstly followed by 29390. Conversely, failed attempts to break 29170 region could push down prices towards 28940/28830 or even lower towards 28750.

MCX Silver Tips

In MCX Silver Overall trend is bearish for medium long term. MCX Silver was in strong downtrend last week but now the trend is supported with good volume The open interest is not increasing with trend. MCX Silver is looking consolidate from here. Initial consolidation is anticipated inside 54800-54100 with good volume. Either side breakout would suggest fresh directional moves. However for the day, prevailing chart formation suggests selling pressure towards 53200/52500 or more.

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MCX Copper Updates and Commodity Tips For Today

Copper the leader of the base metals declined by 4.3 percent on the LME in last week on the back of re-emergence of European debt crisis, rise in risk aversion in global markets along with stronger dollar index. However further downside in prices was restricted on account of decline in LME and Shanghai Inventories by 0.1 percent and 7.3 percent respectively.

Base metals are expected to trade on a positive note today, taking cues from upbeat global market sentiments and optimism over Greece continuing to be a part of the Euro Zone.

Free Commodity Tips For Today

Commodity	Exchange	Strategy	Target 1	Target 2	Stoploss
Gold (Jun)	MCX	Buy Above 29000	29080	29200	28945
Silver (July)	MCX	Buy Above 56650	56650	56900	56440
Copper (Jun)	MCX	Sell Around 424	421	419	425.5
Aluminum (May)	MCX	Buy 110.6-110.8	111.8	112.8	110
Lead (May)	MCX	Buy Above 107.3	108.2	109.1	106.7
Crude Oil (May)	MCX	Sell Around 5055	5025	4990	5076
N. Gas (May)	MCX	Buy Above 151.5	154.5	157	149.4

 

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MCX Copper and Silver Updates For Today: 15th May

MCX Copper Updates

MCX Copper is looking bearish for medium and long term trading sessions. Currently copper is swinging between 420-430 levels. Now it is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend. The market sentiments are showing a sell signal for short term trading. In its last trading session it closed at 3 week low with a down trend. For Today we suggest to buy mcx copper above 429.6 with a stop at 422.4 and if it got below 420.6 go for sell.

MCX Silver Trend

MCX Silver has got more down trend then any other commodity. Customary selling bias may not be succeed without concrete trades below 53100 region and such failed attempts could amplify the buyers to take a toll towards 53900/54450 or even higher 54900. Break below 53000 could head out major selling pressure towards 52400/51000. We advise to make a fresh buy in mcx silver above 54293 with a stop at 53253, else below 52979 go for sell.

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MCX Live Copper and Silver Trend For Today: 11th May

Copper Updates

The Copper is in long- medium term bull phase. Currently Copper is moving sideways that says that mcx copper may trade in range of 435-443. The Copper is now trading in overbought level. Means there is a good opportinuty to sell copper in current market and make some profit. The market sentiments is showing SELL signal. In last 1 month volatality is very less Buy the Copper above 452 or buy with strict stop at 421. One can make short position in mcx Copper. Positionally Support for the Copper is 430-426. Strong resistance for the Copper is 442-445.

MCX Silver Trend

Overall trend for mcx silver is down for long and medium term. Currently mcx silver is trading in a strong down trend. Our research team suggest that it is a good time to enter in this volatile market with a fresh buying position. Current sentiments are showing a buying signal for MCX Silver. Although it may get more bear trend if it cross the support levels of 54055 and 53600 else it will be a bull trend if it touch the resistance level of 55560-55900.

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MCX Copper Updates and Silver Tips For Today: 8th May

MCX Silver Tips

Silver is expected to trade with a negative bias this week on the back of weak sentiments in the global markets and dollar strength. Silver will also take cues from fall in gold prices coupled with downside in base metals complex. The daily price suggest that prices have reversed after taking resistance at 57600 levels. RSI is in a sell mode and prices are trading below short term averages. We recommend a sell around 55350 levels with a stop loss placed above 56600 levels for a target of 54100 levels.

Copper Updates

Current moves are expected to continue towards the moving average support of 432-431 initially. At the same time Inability to clear below 431 may call for a bounce back and could target 444 later. We expect copper to come under pressure during the week taking cues from rising worries over global economic growth which has created demand concerns for the industrial metals. Additionally, deepening tensions with respect to Euro Zone debt crisis and a stronger dollar will also act as a negative factor for red metal prices.

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MCX Copper Tips and silver Updates For Today: 3rd May '12

MCX Silver Updates

Comex Silver is currently trading at $30.47 whereas MCX Silver July is currently trading at Rs. 56667, it is down by Rs. 79. Spot silver prices came under pressure on Wednesday and declined around 0.8 percent, on the back of fall in gold prices. On the other side MCX Silver suggest that prices have reversed after taking resistance at 56800 levels. RSI is in a sell mode. We expect prices to correct up to levels of 54100. Although it has a strong resistance at 57546 and a crucial support at 54055.

MCX Copper Updates

Three-month copper on the London Metal Exchange dipped $7.75 to $8,297.25 a metric ton (1.1023 tons) by 22:30 EDT (0130 GMT), after falling 1.6 percent on Wednesday- its biggest single-day decline since April 23. In MCX Copper is trading in consolidate frame between 440-448 levels, although mcx copper has a strong resistance at 449 and a crucial support level at 439. MCX Copper suggest that prices have breached the crucial support of 447. RSI is in a sell mode. We expect prices to correct up to levels of 439.

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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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MCX Silver For Today, Commodity Live Updates

Silver ready shot up by Rs 400 to Rs 56,900 per kg on rising demand from jewellery and coins makers. Silver weekly - based delivery rose by Rs 90 to Rs 55,965 per kg. Silver coins continued to be asked at previous level of Rs 65,000 for buying and Rs 66,000 for selling of 100 pieces.

courtesy: Financial Express

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MCX Silver Updates (Tips and Trend) For Today: 1st May '12

Trend updated for 1st may '12. CMP-55303, it was fell by more then 1% in its last trading session. Overall trend of the Silver is bearish for medium-long term, although it has a good momentum and good trading volume in it. Currently Silver is in strong downtrend. The open interest is not increasing with trend. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position. Positionally Immediate support for Silver is 54208. Resistance for the Silver is 56207-56393-56463.

Short term and Intraday Level of SILVER

Currently silver is in area of long term. One can go long in MCX Silver. So we advised to long term traders to go long with Currently Silver market conditions. Silver is moving sideways so short term investor better to buy only above 56196 with stop at 54426.

The oscillator is showing BUY signal Intraday Trend-

Buy is advised above 56072 with a stop at 55215, Below 55070 go for sell.

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MCX Silver Tips and Trend For Today: 30th April '12

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MCX Silver May contract slipped almost 1 percent and touched a low of Rs 54426/kg. However, further decline in prices on the domestic bourses was cushioned on account of a weaker Rupee. MCX Silver May is trading 55872 with a consolidate trading manner. It has a support level at 55600 and a resistance level at 55964.

We expect silver to trade higher today on account of weakness in the US dollar index coupled with upbeat sentiments in the global markets. However, appreciation in the Indian Rupee may hold gains on the MCX.

MCX Silver suggest that prices have reversed after taking support at 56000 levels. RSI has given a positive crossover and prices are trading above short term averages. We recommend a buy above 55700 levels with a stop loss placed below 55620 levels for a target of 55900-56100 levels.

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MCX Silver Tips For Today: 17th March '12

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MCX Silver Trend-

MCX Gold Ended with a small bullish trend in the domestic market, while silver has declined strongly. Light edge with gold on MCX is trading at Rs 27783, while silver has fallen by nearly 1.5 per cent on friday. Rolled around 1 per cent of the gold in the international market, while silver has broken more than 1 per cent on friday. Gold was largely unchanged on Friday, but posted its second-biggest weekly decline this year due to an early week drop after the Federal Reserve withheld additional easing amid a string of encouraging US economic data. Slowdown in the international market in gold, while silver is still intact in the fall.

Silver May 12 contract was up by 0.13% to Rs 57,232 per kg, SilverM April 12 contract was up by 0.13% to Rs 57,334 per kg and SilverMIC April 12 contract was up by 0.10% to Rs 57,334 per kg. According to our reports it is not a right time to enter in mcx silver.

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MCX Bullion and MCX Crude Updates For Today: 28th Feb '12

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Bullion metals inched higher today after two sessions of straight losses, ahead of a major cash injection by the European Central Bank expected later this week, and a weaker dollar lent support.

Bullion metals are trading higher on COMEX today. We expect prices to trade higher for the following trading session on account of a weaker dollar and concerns over the euro zone crisis. Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the following trading session on account of optimism over the second liquidity infusion by the ECB and a weaker dollar.

Crude oil is trading lower on NYMEX today. We expect prices to trade range bound with a positive bias as supply concerns and a weaker dollar will support the prices. The intraday weakness is likely to continue till 5335/5305 followed by 5270 region as long as 5380 region caps upside. However, 5415 region holds to be a major resistance area and is more likely to hinder any advances past 5380. Break above this level could void our intraday bearish view swinging prices higher towards 5500 region.

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MCX Bullion (Gold and Silver) Tips For Today, MCX Crude Tips

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MCX Gold Tips-

MCX Gold Feb contract was trading up by 1% at 27655.00 per 10 grams. Gold Mini January 12 contract was up by 1.14% to Rs 27,419 per 10 grams. Overall MCX Gold was bullish today and can give more profit to its investors. We suggest that make a fresh position in Gold.

Buy MCX Gold Feb above 27680, Target: 27800-28000, Stoploss: 27500.

MCX Silver Tips-

MCX Silver Mar contract was trading up by 3.68% at 53217.00 per kg. Today Silver recover more then 4% from last bearish session. In our report MCX Silver is looking more bullish, so we are sugesting that make a fresh position in MCX Silver.

Buy MCX Silver Mar above 53250, Target: 53900-54500, Stoploss: 52600.

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NCDEX Today : 31th Dec '11, NCDEX Chana, NCDEX Jeera

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NCDEX Chana Trend-

NCDEX Chana is looking consolidate today. It will get a bullish trend if it manages to trade above the resistance level of 3335, else below support level of 3238 it will be a down trend.

NCDEX Chana (JAN)

TREND                  Consolidate

RESISTANCE 2     3395

RESISTANCE 1     3335

SUPPORT 1           3238

SUPPORT 2           3190

STRATEGY            Sell on Higher Levels

NCDEX Jeera Trend-

NCDEX Jeera is looking bullish today. It will get more bullish trend if it manages to trade abive the resistance level of 16650, else below spport level of 15753 it will be down trend.

JEERA (JAN) 

TREND                   Bullish

RESISTANCE 2      16650

RESISTANCE 1      16324

SUPPORT 1            15753

SUPPORT 2            15425

STRATEGY             Buy on Lower Levels

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NCDEX Trend: MCX Bullion Tips and Trend For Today

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Commodity Updates:

• Gold falls, tracks equities on iran, euro zone worries.
• Oil trades near six-week high on iran threat to strait of hormuz shipping.
• Copper down on euro zone and china slowdown worries.
• Domestic oilseed complex surges up on global cues.

MCX Bullion Trend For Today-

Gold (FEB)

TREND           R 2           R 1            S 1           S 2          STRATEGY
Bearish            27810       27580        27050       26700      Sell on higher Levels


Silver (MAR)
TREND           R 2           R 1            S 1           S 2          STRATEGY
Bearish            54300       52800        49350     47500     Sell on higher Levels


Here are technical levels for NCDEX Commodities-

SOYBEAN (JAN)

TREND           R 2           R 1            S 1           S 2          STRATEGY
Consolidate     2580        2530          2435         2390     Buy on Lower Levels


GUARSEED (JAN)

TREND           R 2           R 1            S 1           S 2          STRATEGY 

Bullish             7560         7415          7130        6985       Buy on Lower Levels


PEPPER (JAN)
TREND           R 2           R 1            S 1           S 2          STRATEGY
Consolidate    33900       33230        31950     31300      Sell on higher Levels

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