mcx daily report
TRANSCRIPT
Money Maker Research Pvt. Ltd.
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Daily MCX News letter
28th April 2015
DAILY MCX News letter
Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
An ISO 9001-2008 Company
PRECIOUS METALS:
Gold futures traded green in last trading session, price breaks the last
week consolidation and now price is in nearest resistance level. Gold
closed at Rs.27083 and made day high 27135 our expectation price may
go upside, follow the buy on dips for today’s trading session.
ENERGY
MCX Crude oil futures short term trend is bullish closed at 3611. Crude
oil futures made day high at 3693 and low at Rs.3601. Losses below
those levels on closing basis can lead to some more decline towards Rs
3550. Meanwhile gains above Rs 3700 will bring fresh long holdings. For
today’s trading session follow the strategy sell on high.
BASE METALS
MCX Copper future traded in green for last couple of trading days, and
touches the resistance level at 390. Further breakout will give the
conformation of price hike. Copper is consolidating in a range our
expectation price may go downside. Now it’s in nearest resistance level
further breakout will give the conformation of copper trend, for today’s
trading session traders may follow the sell on high.
MARKET WRAP
Money Maker Research Pvt. Ltd.
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PIVOT POINT
GOLD
SUPPORT1: 26840
SUPPORT2: 26600
RESISTANCE1: 26260
RESISTANCE2: 27490
SILVER
SUPPORT1: 36450
SUPPORT2: 35800
RESISTANCE1: 37700 RESISTANCE2: 38350
CRUDE OIL
SUPPORT1: 3540
SUPPORT2:3495
RESISTANCE1: 3695
RESISTANCE2: 3715
COPPER SUPPORT1: 383
SUPPORT2: 380
RESISTANCE1: 370
RESISTANCE2: 388
Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
An ISO 9001-2008 Company
CALL: BUY GOLD JUN ABOVE 27150 TARGETS 27300, 27550 STOPLOSS
26900.
PICK OF THE DAY
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An ISO 9001-2008 Company
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