MCX Tips Trend for 31 March

MCX commodity market is trading in a lower trend and gold silver is trading in a declined phase and is advised to sell gold silver for today's session. The crude oil and natural gas is also in a downtrend and is advised to trade with caution in the energy sector as the market is heading totally down but it is expected to see gain in the upcoming session. The base metals trend is mixed. It is advised to trade in the commodity with strict stop loss for today's session. Also see the latest free calls for mcx market.


MCX Tips Gold Silver Evening Trend

MCX Gold April contract rose around 0.2 percent on account of a weaker Rupee. MCX Gold prices touched an intraday high of Rs. 28236 and ended at Rs. 28202 on Thursday. MCX Silver May contract rose around 0.3 percent and closed at Rs. 56771 after touching an intraday high of Rs 56884 yesterday. We expect gold and silver to trade with a sideways positive bias today. Silver being an industrial metal will also take cues from movement in base metals pack.

MCX Tips Gold Silver Evening Tips Trend:

MCX Gold is advised to Buy around 28150, stop loss placed below 28050, targets of 28425.

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MCX Silver Tips Calls

MCX Silver is trading in a uptrend for today's session and the current rate for silver is 56894 levels. The silver has risen by 0.22% but the overall trend is sideways for silver. The silver is expected to trade in more upward trend. The silver for today is advised to buy. The silver is showing very good volume and is trading in a uptrend for today. Silver prices are trading close to crucial support level at 56,900 and a dip below the given level on closing basis would encourage more selling towards 55,500-55,700 levels.

MCX Silver Tips for Today:

MCX Silver (May) Buy above 56900 and target of 57200 / 57500 and stop loss of 56700 levels.

>>> MCX Gold Crude Copper Tips<<<
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