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Sensex: 33844.9 +141.30 Gold: Rs.30456.00
Nifty: 10397.5 +37.10 Silver: Rs.38195.00
Buy MCX Gold Apr: Next strong resistance placed around 30660 level - IndiaNotes.com
Buy MCX Gold Apr: Next strong resistance placed around 30660 level
Way2wealth | Published: 02 Feb, 2018  | Source : IndiaNotes.com

MCX GOLD APR: Gold prices opened flat in the last session and prices rallied strongly for the whole session till high of 30498. Prices have retested its strong support of short term rising trend line and rose strongly till its previous multiple highs placed near 30470 level. Prices are expected to rise further from these levels towards next strong resistance placed around 30660 level. On the lower side immediate supports are placed around 30170 and 29930 levels. Action: Buy

 

MCX CRUDE OIL Feb: Crude Oil prices opened slightly higher in the last session and prices rose strongly for the whole session till high of 4212. Prices have resumed its rally once again after taking strong support near its 20 days simple moving average currently around 4070 level. Prices are expected to rise further from these levels towards immediate resistance placed around its recent high of 4271. On the lower side immediate supports are placed around 4150 and 4060 levels. Action: Buy


MCX NICKEL FEB:
Nickel prices rallied strongly in the last session after taking strong support at its previous multiple tops placed around 842 level. Prices are expected to continue this rally further from these levels towards immediate resistance placed around its short term rising trend line currently near 930 level. On the lower side immediate supports are placed around 879 and 846 levels. Buying in minor pullbacks is recommended in Nickel for the day. Action: Buy


MCX LEAD FEB:
Lead prices opened slightly higher in the last session and prices rallied strongly for the whole session till fresh one year high of 171.45. Prices have been rising gradually after taking strong support at its short term rising trend line and near 20 days simple moving average currently around 164.95 level. Prices are expected to rise further from these levels towards next strong resistance placed around its all time high of 175.70 level. Action: Buy

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