Showing posts with label
Nifty Tips|Nifty Free Tips|Nifty Future Tips.
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Showing posts with label
Nifty Tips|Nifty Free Tips|Nifty Future Tips.
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Gold prices have broken down and are trading below its immediate support at 27000 27050 levels. Prices can witness a pullback from lower levels and test 26950-27000 but failure to sustain at higher levels should be used to sell by day traders. Overall view for the day remains range bound to negative until prices sustain below 27100.
Silver prices are trading weak. Sustenance below 36550 will see prices test 36200 36100 area on the downside. Prices have multiple resistances around 36900-37000 levels and only a close above this levels will see positive momentum in the counter. Overall range for the day is seen between 36100 to 37000 levels.
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Ph: 0731-6619100
Gold hovered near its lowest in three months on Tuesday after sharp overnight losses as the dollar traded at 14-month highs against a basket of major currencies, dimming the metal's appeal as a currency hedge.
FUNDAMENTALS
Spot gold was little changed at USD 1,255.20 an ounce by 0028 GMT. The metal closed down 1 percent on Monday, after earlier hitting USD 1,251.24 - its lowest since June.
The dollar was boosted after a Federal Reserve study on interest rates and as the sterling was pressured amid ongoing jitters that Scotland could vote to secede from the United Kingdom.
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Gold prices are expected to have resistance at $1260 i.e. Rs.27300-27330 around in MCX and selling can be seen there. Prices on lower side can extend fall towards $1240 i.e. Rs.26850. Prices should not move above $1266 i.e. Rs.27500 to maintain negative outlook for the day.
Silver December prices are expected to have resistance at Rs.42000-42150 and selling can be seen there. Price on lower side can test Rs.41600 and 41400. Prices should not move above Rs.42400 to maintain negative outlook for the day.
www.marketmagnify.com
Ph: 0731-6619100
Silver prices are trading weak. Sustenance below 36550 will see prices test 36200 36100 area on the downside. Prices have multiple resistances around 36900-37000 levels and only a close above this levels will see positive momentum in the counter. Overall range for the day is seen between 36100 to 37000 levels.
