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Sensex: Gold: Rs.29770.00
Nifty: 10894.7 +77.70 Silver: Rs.38984.00
Daily trading bites: Buy MCX GOLD DECEMBER around 29240 with a target of Rs... -
Daily trading bites: Buy MCX GOLD DECEMBER around 29240 with a target of Rs...
Way2wealth | Published: 30 Oct, 2017  | Source :


On  Friday,  nickel  price  opened lower  with  a  gap down at  758  by  breaking the trend  line  support and fell till the low of 741.90. In the second half it  slowly recovered  the  losses  and  ended  at 753.80.The price has given a bearish breakdown and the next supports are seen at 730 then 716 of 50 & 61.8% retracement level.


After  four  sessions of  continuous fall  the  gold prices dip till   the trend   line supports   and  reverted  back  in the  second  half  and  ended  at 29318. Ahead, if the prices manage to hold above the trend line then a sharp recovery can be seen till    29500    then   29600    levels.    Thus, we  recommend  buying  around 29240  for  targets  of  29500 for the day.

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