Wednesday, 2 January 2013

MCX tips and Upadates for 2nd Jan. 2013


Bullion : 
Gold prices are expected to trade within a range from Rs 30950 to Rs 30650, one can remain caution in long position as selling pressure is expected at higher end around Rs 30950-31000.
Silver prices are expected to trade within the range from 57600 to 58400. One can trade within the range.

Base Metal :
Copper prices are expected to open positive and test 448 -450 on higher end one can enter long at 443 with a stop loss below 440.
Nickel prices are expected to trade within a range from 940 to 960. One can buy around 945 with a stop loss below 935.
Lead prices are expected to trade positive one can long around 127 with a stop loss below 126 prices are expected to test 128.80 129.50.

Energy :
Crude price are expected to remain positive as holding 4950 on lower end we expected prices to test 5080 -5100 on upside. One can buy around 5050 with a stop loss below 5010.

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