Despite the Gold Silver boom on the international market, domestically it is trading bearish side. MCX Gold in the domestic market has dipped below Rs 30,000, which has broken record last six month. With a decline of 0.11 per cent on MCX gold is trading at Rs 29,975. The silver with slight weakness and is trading flat at Rs 55075.
What Could Be Now ?
With the support of International market precious metals like gold silver may go up side. But other hand weakness point of dollar against the rupees which impact push to down side both top metals. Keeping these things in mind, we have extracted Judgment Gold Silver's price rise today for day trading. And Traders who want invest in contract (future), those can also go to buying side.
Strategy: - Sell on high. MCX Gold Resistance levels 30075 to 30129 and Supporting Levels 29889 to 29801. Silver 55,525 higher levels and lower levels are 54989.
Silver Calls for Day Trader: - Buy Silver march 55150 targets 55250, 55450 Stop Loss 54787.
Silver Future Investment:- Future traders can Buy Silver current market prices targets 57,000.
MCX Gold Tips:- MCX Gold buy April above 30,000 Targets 30023, 30047 Stop loss 29957.
MCX TRADING CALLS
@ MCX Sell Lead Feb contract at Rs 128 TGT 127.5, 127.
@ Buy Crude march delivery above 5260 Targets 5275, 5290 Stop Loss 5230.
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