Thu, Jan 10, 2013 at 12:24
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude Oil. According to the research firm, Gold prices are expected to trade within a range from Rs 31000 -30600. Prices are expected to trade sideways to down. Rs 31200 seem to be a key resistance level.
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MCX Gold may trade in Rs 31000-30600 range: Nirmal Bang
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude Oil. According to the research firm, Gold prices are expected to trade within a range from Rs 31000 -30600. Prices are expected to trade sideways to down. Rs 31200 seem to be a key resistance level.
Like this story, share it with millions of investors on M3
MCX Gold may trade in Rs 31000-30600 range: Nirmal Bang
Nirmal Bang has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude Oil. According to the research firm, Gold prices are expected to trade within a range from Rs 31000 -30600. Prices are expected to trade sideways to down. Rs 31200 seem to be a key resistance level.
Silver prices are expected to trade within a range from 58650 to 57500. One can trade within the range with a negative bias if sustains below 58650.
Gold prices are expected to trade within a range from 31000 to 30600. Prices are expected to trade sideways to down. 31200 seem to be a key resistance level.
Copper prices are likely to witness a sideways move. Prices are expected to correct further below 447 which at present is hold as a key support. Prices expected to trade within 452-444.
Nickel prices are expected to trade within a range from 972 to 950. One can trade within the range with a positive bias.
Lead prices are expected to trade within the range from 125.50 to128.50, one can trade within the range. Prices can test 130 which should be a exit point for long position.
Crude price witnessed profit taking yesterday, we recommend to enter long at 5100 with a stop loss below 5050 for the target at 5170-5200.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
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