mcx gold silver continue down this week, gold open at
28161 and made low 27965, comax gold made low at $1275.75 and open at
$1290.98.
mcx silver traded at 42000 made low of day at 41961,
high of day at open today 42288, nymax silver down below $19.33
silver continue slip down side this weak.
Crude oil trend: crude oil prices fail below 5675 with
loss of 24 point, supply increase by libya and Iraq while US crude
oil storage reduce,
base metal was down after negative PMI data from china,
mcx copper fail below 424.8 ,aluminium ,lead and zinc look in
red zone.
sell gold above 28000 target 27900/27800// stoploss 28100
sell silver above 42000 target 41900,41800,41700 stoploss 42200
sell copper above 423.50 target 422,421,419 stoploss 426
CS GOLD (OCTOBER) OVERVIEW:
ReplyDeleteTREND BEARISH
SUP1:27600
SUP2:27350
RESIST1:27950
RESIST2:28150
TRADING STRATEGY: SELL ON RISE
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SILVER (5 DEC.) TREND: BEARISH
ReplyDeleteRES 1: 38600
RES 2: 39000
SUPP 1: 37900
SUPP 2: 37500
STRATEGY: SELL ON HIGH
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Coal India is the top nifty gainer and is trading up 3.55% at Rs 246.40 per share.capitalstars
ReplyDelete