MCX Tips and Trading Outlook For 21 March 2012

MCX Tips and Trading Outlook For 21 March 2012

Gurgaon : India | Mar 20, 2012 at 11:21 PM PDT
Views: Pending

GOLD (April)

Due to Budget proposal on Friday, smart rally at higher-side but yet again the selling pressure results in closes nearly 28810. But for present consider resistance at 28910-28210 reversal to sell side.

The Trend Decider weekly 27820 to watch out.


In the last week closed to lowest in weekly closing, that is nearly a major support level of 5660.12. For the present week, consider resistance at 57910-58110. Continued above, it will show potency, downside support to watch out at 57100 and 55600 in near term. Higher-level to sell side.

For Today: In the Last two days our "MCX Trade Tips" experts recommends selling at higher level and near term target 56400.12-56020.12 (yesterday's low 56400). For today watch 57236-57396.12.

carrotinvestment is based in Gurgaon, Haryana, India, and is a Stringer on Allvoices.
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