Monday, 24 December 2012

MCX Tips for 24th Dec. 2012

Gold prices are likely to bounce bank to the tune of 31050 - 31150. For intra day one can buy if sustains above 30800 with a stop loss below 30740. prices are expected to witness selling pressure around the mention zone whereby recommended to exit long position.

Silver prices are expected to bounce back till 59000 - 59300 on higher side one can buy for intra day if sustains above 58400 with a stop loss below 58000.

Copper prices are expected to trade within the range from 441 to 434 one can buy around 436.50 with a stop loss below 433 for the target at 441.

Nickel prices are expected to witness a sideways move from 975 to 945 one can trade within the range. Fresh buying expected above 990.

Lead prices are expected to trade sideways from 124 to 127. one can buy around 125 with a stop loss below 123.50.

Crude prices are resisting 5000 mark on higher end one can witness selling pressure at 4950-4960 maintaining a stop loss above 5010 for the downside target at 4880 - 4860.


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