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Nifty Intraday Trend Analysis, Stock Market Prediction & Support Levels
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MCX Gold December: Sell below 26,600 levels
Stop Loss above 26,800 levels
Target Rs 26,300 levels.MCX Silver December: Sell in the range of 52,300-52,500 levels
Stop Loss above 53100 levels
Target Rs 51,500 / 51,000 levels………read more calls and technical levels
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On the MCX Gold December contract declined around
0.5 percent and touched an intra-day low of Rs 26,680/10 gms. MCX Silver December contract slipped
by 1.8 percent and touched an intra-day low of Rs 53,114/kg today. Nymex crude oil declined by more than 0.6 percent
. On MCX, oil prices declined by 1.6 percent
and were hovering around Rs.4139/bbl today.
Read more tips and technical levels from Crude Updates
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MCX Gold is trading up by 0.50% in today’s morning trade continuing its correlation with other commodities. MCX gold December is trading at Rs 26483 after opening the day at Rs 26341 while COMEX gold December is trading at $1654/ounce
Gold is now exhibiting temporary correlation with other commodities in general. Doubt about price strength persist in the investor sentiment and it will require a major negative economic indication for investors to turn strongly bullish. Gold Silver Tips
Visit:- http://indian-commodity.blogspot.com/2011/10/mcx-ncdex-evening-updates-indian.html -
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For the next week Silver prices are expected to find initial Resistance at 53700-53900 levels. Trading
consistently above 53900 would renew the previous rally initially towards 54800 levels, then 55800 and
then finally towards 57500 levels.
Initial Support is now observed at 51650-51550 levels. Trading consistently below 51300 levels would
trigger a sharp fall initially towards 49850 then 49100 and then finally towards 45880.
Trading levels for the week (10th October To 14th October 2011)
Trend: Neutral
Support1- 49100 Resistance1- 54800
Support2- 46000 Resistance2- 57400
Recommendation : Neutral
International Spot Silver
Trading levels for the week
Trend: Neutral
Support1- $28.70 Resistance1- $32.30
Support2- $26.33 Resistance2- $34.75 Crude Oil Tips
Visit:- http://indian-commodity.blogspot.com/2011/10/live-mcx-online-commodity-tips-for-next.html -
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MCX Gold Dec is trading at `26160, it rose by `150 for the day. Silver spot market is trading at $29.74, it is down by 43 cents. MCX Gold December prices are expected to see further declines to test 25500 levels. MCX Silver Dec contract is trading at `50229, it is trading flat for the day, prices are showing weakness. It is near crucial support of 49700-49800 levels. A break below this support will trigger breakdown from a descending triangle pattern for targets of 47000 levels. WTI Crude Oil is currently trading at $78.17 a barrel on the New York Mercantile Exchange. MCX Crude Oct is trading at `3855, it is trading up by `60 for the day, prices have bounced back from the oversold zone. It is now near the resistance of 3900 levels. We recommend sell near these levels with a stop loss placed above 4000 levels. All base metals are trading in the positive territory today. Gold Tips Today
Visit:- http://indian-commodity.blogspot.com/2011/10/mcx-live-update-commodity-tips-for.html -
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The Multi Commodity Exchange (MCX), is trading down by 8.47 points, or 0.25%, at 3,348.29 after opening at 3,355.46.
Other index like MCXMETAL is trading upward by 12.35 points, or 0.27%, at 4,511.66 after opening at 4,497.07. Meanwhile MCXENERGY is trading down by 30.44 points, or 1.10%, at 2,725.65 after opening at 2,725.17. MCXAGRI is trading down by 7.86 points, or 0.27%, at 2,936.50 after opening at 2,938.94.
MCX Gold October: Buy above 27,050 levels Stop Loss below 26,900 levels Targets Rs 27,500 levels (short term).
MCX Silver December: Buy above 52,750 levels Stop loss below 51,700 levels Targets Rs 54,000 levels. Crude Tips
Visit:- http://indian-commodity.blogspot.com/2011/10/mcx-online-update-mcx-ncdex-commodity.html -
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Gold prices may trade sideways with volatile bias as prices have again come down to support of 25,000-26,000 in MCX. Base metals meltdown will persist on the backdrop of euro zone crises. Crude oil prices will remain subdued and can trade on negative path tracking weak opening in international markets…MCX Online
Visit:- http://indian-commodity.blogspot.com/2011/09/commodity-tips-mcx-ncdex-updates-today.html -
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Gold mini MCX October likely to hold initially but expect to extent the rally till 26700 later. MCX Silver mini November prices expect to drift higher towards 54800/56700. MCX Copper November technical formation looks to be weak and prices move lower towards 359/354 level…read full post and technical levels from MCX Live
Visit:- http://indian-commodity.blogspot.com/2011/09/mcx-crude-oil-updates-today-gold-silver.html -
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Sharp decline in copper is seen today, on MCX copper is broken 2.5%. On MCX Gold is trading at 26,179 rupees per 10 grams. On MCX silver fall abot 1% and is trading at…read full post and trading calls for Aluminimum, Natural Gas, Gram and Turmeric from Commodity Updates
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Gold prices may witness some short covering and open on positive note tracking bounce back in international markets. Base metals may also witness some bounce back ahead of the US consumer confidence data and building permit data. Crude oil prices can show positive opening tracking firm international markets…read full post and trading calls for Crude Oil, Copper, Cardamom and Black Peeper from Silver Tips
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