Market Update

Market Watch

Monday, 18 March 2013

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Mcx Tips For Today

GOLD:
Trend updated for-Mar/18/2013.CMP-29375 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29522-29605-29742-30171-30434-30740-

SILVER:
Trend updated for-Mar/18/2013.CMP-54194 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatility is very less Buy the Silver above 55722 or buy with strict stop at 52411. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 52411.Resistance for the Silver is 54595-54629-54849-56613-57271-58580-


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