Market Update

Market Watch

Wednesday, 3 April 2013

Mcx Market Watch

Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Mcx Tips as well as Commodity Tips. 

Gold and Silver Trends.

GOLD:
Trend updated for-Apr/03/2013.CMP-29149 Overall trend of the Gold is bearish for medium-long term.Currently Gold is showing some down move and trend is strong 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 SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 29004.Resistance for the Gold is 29628-29656-29666-29949-30217-30453



SILVER:
Trend updated for-Apr/03/2013.CMP-51473 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51049.Resistance for the Silver is 53868-54101-54405-55292-56502-57457--.

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