Gold Commodities India

Author having wide experience in Commodities market and advising from last 13 years.

Independent  |  INH000005069

Gold Commodities India Calls

CMP

37482.0

Support-1

37200.0

Support-2

36800.0

Resistance-1

37550.0

Resistance-2

37800.0

Description

For today on higher side strong resistance area at 37500-37600. Support at 37200-37100 ranges. So rallies can still be sold for nominal gains.

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CMP

4629.0

Support-1

4590.0

Support-2

4520.0

Resistance-1

4650.0

Resistance-2

4690.0

Description

For today sell below 4590. Next target zone at 4540-4520 area. On higher side 4630 is resistance and SL for short positions.

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CMP

227.85

Support-1

225.0

Support-2

223.0

Resistance-1

229.5

Resistance-2

232.0

Description

For today on downside support area is at 225-226 range. No new downside unless manage to sustain and close below 223. This will act as support area. On higher side 229-230 is resistance area. If manage to clear this then some more short covering can be seen. Mis-cordination seen on MCX terminal. Trades are not in accordance with international market.

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CMP

31818.0

Support-1

31700.0

Support-2

31450.0

Resistance-1

31850.0

Resistance-2

32000.0

Description

Yesterday mainly rally was seen because of weak INR. Spot Gold is trading below $1280 and On downside next support area is at $1260. In MCX on higher side still will face resistance at 31850 area. On downside support area at 31400-31500. So trading in this range can be seen.

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CMP

36976.0

Support-1

36800.0

Support-2

36500.0

Resistance-1

37150.0

Resistance-2

37400.0

Description

Yes..All clients were recommended to sell positional at 37550 and booked yesterday at 36990. Now still looks weak. On higher side resistance area for today is at 37100-37200 ranges. Support at 36800. Sell on rallies is still the strategy. On downside 36500 is next target and support for coming sessions. Sustain below $14.85 is the weak signal for Silver.

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CMP

446.6

Support-1

445.0

Support-2

442.0

Resistance-1

450.0

Resistance-2

455.0

Description

YESTERDAY WE SOLD AT 450.50 AND BOOKED AT 445.80. NOW FOR TODAY ON HIGHER SIDE STILL 450 IS SELLING AREA. ON DOWNSIDE NEXT SUPPORT IS AT 442 AREA. SO SELLING ON RALLIES FOR 445-442 IS STRATEGY FOR SHORT TERM.

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CMP

37381.0

Support-1

37200.0

Support-2

36900.0

Resistance-1

37600.0

Resistance-2

37900.0

Description

ON HIGHER SIDE 37600-37800 AREA IS SHORT TERM SELLING ZONE. ON DOWNSIDE 37200-37000 IS SUPPORT AREA. SOME CONSOLIDATION WITH RANGE BOUND TRADING CAN BE SEEN FOR NEXT FEW SESSIONS. SO STILL ANY RALLIES CAN BE SOLD FROM HIGHER LEVELS.

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CMP

31596.0

Support-1

31500.0

Support-2

31300.0

Resistance-1

31800.0

Resistance-2

32050.0

Description

BELOW $1280, AS MENTIONED EARLIER REMAINS WEAK. NOW NEXT LEVEL OF SUPPORT IS AT $1260. IN MCX , ON HIGHER SIDE RESISTANCE AREA AT 31650-31750 RANGES. NEXT SUPPORT AREA AT 31300. STILL RANGE BOUND SESSIONS CAN BE SEEN.

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CMP

226.75

Support-1

224.0

Support-2

220.0

Resistance-1

228.5

Resistance-2

231.0

Description

WE HOLD SELL POSITION FROM YESTERDAY. FOR TODAY IF STAYS BELOW 226.30 THEN ON DOWNSIDE NEXT TARGET IS 224-223 RANGES. SO STILL SELL RALLIES UNLESS MANAGE TO CLOSE ABOVE 228.50.

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CMP

4438.0

Support-1

4420.0

Support-2

4380.0

Resistance-1

4475.0

Resistance-2

4520.0

Description

SELL IN THE RANGE OF 4440-4450 WITH S/L ABOVE 4475 TARGET 4380. BELOW TOWARDS 4350.

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