Wednesday, November 21, 2012

MCX Commodity Tips for Today


MCX Gold December contract is looking good on charts. It may find support near 31690 and 31580 and intraday resistance can be seen near 31790 and 31880. Intraday traders are advised to buy on dips.
Buy MCX Gold December contract around 31690 with stop loss of 31580 for the target of 31790 and 31880.
MCX Silver December contract also showing positive signs on the charts and it may find support near 61400 and 60900 and intraday resistance can be seen near 61900 and 62400. Experts recommends to buy on dips on intraday basis.
Buy MCX Silver December contract around 61400 with stop loss of 60900 for the traget of 61900 and 62400.
MCX Copper November contract is looking positive for the day. Experts believes that market may find support near 427 and 424. Intraday traders can buy on dips on intraday basis. Intraday resistance can be seen near 430 and 433.
Buy MCX Copper November contract around 427 with stop loss of 424 for target of 430 and 433.
MCX Crude Oil December contract is not looking good on charts and showing negative trend for the day. It may find support near 4760 and 4710. Intraday resistance can be seen near 4820 and 4870. Intraday traders are advised to sell on intraday basis on rise.
Sell MCX Crude oil December contract around 4820 with stop loss of 4870 for target of 4760 and 4710.
MCX Natural Gas November contract is looking positive on charts for the day and it may find support near 208 and 205. Intraday resistance can be seen near 212 and 215. Intraday traders are advised to buy on dips on intraday basis.
Buy around 208 with stop loss of 205 for the target of 212 and 215.

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