Gold prices are likely to rise by up to Rs 700 per 10 gram in the short
term with tapered demand following the government decision to hike import duty on the precious metal, according to jewelers and analysts.
All India Gems and Jewellery Trade Federation Chairman Bachhraj Bamalwa
said that the retail prices of gold jewellery has already gone up by 2
per cent or Rs 600 per 10 grams.
Mcx Tips Today
GOLD:
Trend updated for-Jan/28/2013.CMP-30331 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 SELL signal For
short term Gold is in SELL position.Positionally Immediate support for Gold is
30137.Resistance for the Gold is 30792-30837-30897-31084-31270-31275-
SILVER:
Trend updated for-Jan/28/2013.CMP-58250 Overall trend of
the Silver is bearish for medium-long term .Currently Silver is in strong
uptrend and the trend is supported with good volume The open interest is not
increasing with trend . Cautious point is buying at higer levels seems
decreasing. The oscillator is on SELL signal and Silver is coming down from
overbought level For short term Silver is in HOLD LONG position.Positionally
Immediate support for Silver is 57943.Resistance for the Silver is
58872-59264-59609-60009-60367-60538-
Mcx Tips
CH CALL: BUY GOLD FEB ABOVE 30320 TG1-30343 TG2-30373 TG3-30413
STOPLOSS-30239
SF CALLS:
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