Current MCX Trend suggest a significanse low trend for intraday trend. MCX Gold is trading on a flat mode today not even cross the 30400 level today. Some thing happen with the silver also. MCX Silver is trading at 57838 just manage to trade in upside. MCX gold was trading just below the medium-term rising trendline. On the higher side, there were multiple resistances to put pressure on the yellow metal. The upper end of the falling channel, the 40-daily exponential moving average and the daily upper Bollinger Band didn’t allow gold to move higher. Oil futures gained during Tuesday’s Asian session following a decent showing in Monday’s U.S. session that was supported by some decent economic data points.On the New York Mercantile Exchange.
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MCX Positional Tips:
- For MCX Gold we suggest a buy in MCX Gold on current levels to get the target of 30920 level.
- In Silver Buy is suggested above 58100 level to get 59100 level in its Positional Trading.
NCDEX Tips Today:
- NCDEX Chana Sustained trades above the immediate resistance of 3610 could see a direct rise in prices towards 3654/3670 levels. But its is looking weak for intraday. Sell is suggested for today on higher levels.
- In NCDEX Jeera As prices broke the major support, expect to see negative sentiment to continue towards 13250 or further lower to 13000 regions. NCDEX Jeera is also suggested to sell on higher levels.