Friday, 21 August 2015

Best & Most Accurate Mcx Commodity Tips for Today

MCX Oct Gold futures extended its uptrend by violating its falling trendline resistance at 26331 levels. It was begun the day with a positive note and there after continued the same trend, finally ended at 26772 levels up by 2.20%. Further rally can be possible towards 26980 & 27115 levels. Hence, any fall can be utilized to accumulate longs at 26665 levels.

MCX Sep Silver too surged 2% in the past session and ended in a strong positive zone. Currently prices facing a stiff resistance from 36435 levels, on a convincing close above the same will intact further uptrend towards 36920 & 37465 levels.

NCDEX Sep Chana was reversed the uptrend by forming a “hanging man” candlestick pattern followed by a “spinning top” on daily charts. This indicating some profit booking can be possible in the counter towards 4643 & 4600 levels, where as a resistance resides at 4705 levels.

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