• Facebook
  • Twitter

"MCX Tips"
As mentioned last week, below 424 likely to test 411 and it made a low 413 and managed to close above 421. Looks good and ready to upside... Crossover 435 with volume unexpected move.
GOLD - April -
Overall trend is side ways.... But any decline to buying opportunity. Last week it was gained almost 800 points from the low of 28110, so some consolidation. Possibilities of further up move likely in coming days... hold long position.
SILVER - May -
Looks good and decline to buying opportunity. As already closed of 60000 mark in May series and continuously sustained above 60000, bears will square short and bulls may likely long. We may consider support 59100-58400 as long as hold bull move continues.
Over all trend is very bullish... and as long as hold 5300 mark no problem for bulls, decline to buying opportunity and hold existing long.
As mentioned last week – 1030 is a major hurdle... Downside support 975 close to watch out.

Leave a Reply