Tuesday, 18 December 2012

MCX Tips For 18 Dec. -Buy Gold above Rs 31600 :



BULLION:
Gold prices are expected to trade within the range from 31550 to 31300. Trend for the day is likely to be positive. However selling pressure is expected around 31500 -31550. Fresh buying recommended above 31400.
Silver prices are expected to trade within the range from 62200 to 61400. For intraday one can buy around 61600 with a stop loss below 61400.

BASE METAL:
Copper prices are expected to trade within a range from 452 to 442. One can trade within the range with a positive bias. But because of RBI's decision  it may be at 4780
Nickel prices are expected to trade within a range from 950 to 980. One can buy around 968 with a stop loss below 974.
Lead prices are holding strong we recommend to buy around 126 for short term with a stop loss below 122 for the target at 126 safety - 127.

ENERGY:
Crude price are likely to trade positive one can buy around 4775-4850 for the target at 4880-4900 with a stop loss below 4750.

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