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Gold at the auspicious day of Dussehra surges to 26510 which is good sign for the traders as the festival gave some hope to them. Traders eagerly waiting for the Diwali festival as it are one of the biggest festivals in India. Silver made a new high of last 4 day trading with a strong close of 53237. Some sign of comfort for those who bought silver at upper levels. Traders hoping that this rally will continue for silver and it will soon reach a level of 60000 mark.
GOLD (dec) – MCX Gold august contract which will expire on 5th Oct 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:
RESISTANCE: R1-26700 R2-26950
SUPPORTS: S1-26050 S2-25650
SILVER (Sep) – MCX Silver closed at 53237.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.
RESISTANCE: R1-53650 R2-53950
SUPPORTS: S1-52950 S2-50650
Source :- BullionMCX.Com |
