Contact Us | Log In
Search
Sensex: 33322.3 -20.50 Gold: Rs.29678.00
Nifty: 10281 -2.60 Silver: Rs.39919.00
Daily trading bites: Buy MCX Gold around 29360 - IndiaNotes.com
Daily trading bites: Buy MCX Gold around 29360
Way2wealth | Published: 31 Oct, 2017  | Source : IndiaNotes.com

MCX GOLD DECEMBER 


After rebounding from the trend line supports in the previous week, gold price inched slightly higher during Monday’ session by breaching the trend line resistance and settled at 29390. Prices giving a positive breakout is likely surge the prices till the next resistance of 29760 levels. Thus, we continue to recommend buying on dips around 29360 for targets of 29700.


MCX NICKEL NOVEMBER


After witnessing the sharp fall in the previous week, nickel prices recovered slightly during yesterday’s session and inched till the high of 759.20. The breakdown trend line resistance is at 765 levels and we expect prices to once again turn lower after testing above mentioned resistance. Thus we advise selling on rise around 765 levels for the day.


NCDEX GUAR GUM NOVEMBER


On Monday, guar gum prices witnessed sharp selloff and tumbled till the low of 7620 and finally ended at 7651 losing 2.26%. Prices have breached the immediate supports of 7748 and now the next supports are seen at 7550 levels. Break below 7550 will bring the prices down till the channel supports of 7100 levels. For the day, we advise selling on minor pull back at 7740 levels for targets of 7550 then 7450 levels.


NCDEX TURMERIC NOVEMBER

 

Turmeric prices finally gave the breakdown of the triangle pattern during Monday’s session and settled at 7110 losing 2.90%. The breakdown of the triangle pattern has turned the outlook to bearish. Now the next supports are seen at 7000 then 6780 levels. For the day, we advise selling around 7150 for targets of 7000 then 6800.

  Read full report Click here to read the full report


About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.

 

For more information please write in to editor@indianotes.com

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.