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Sep 11, 2012, 12.50 PM IST
Fortune Financial Services has come out with its report on commodities. According to the research firm one can buy gold October future aroud Rs 31,820 with a stoploss of Rs 31,700 for the target of Rs 32040-32150.
MCX Gold October Contract is looking positive for the day. Market may find support near Rs31820 and Rs 31700; intraday resistance can be seen near Rs 32040-32150. Day traders are advised to buy intraday on dips. (Buy around Rs 31820 with SL Rs 31700, for the target of Rs 32040-32150.) MCX Silver December Contract is looking positive for the day. Market may find support near Rs 63500-63000; intraday resistance can be seen near Rs 64400-64900. Day traders are advised to buy intraday on dips (Buy around Rs 63500 with SL Rs 63000, for the target of Rs 64400-64900.) MCX Natural Gas September contract is slightly positive for the day. Market may find support near 148 & 145 intraday resistance can be seen near 153 & 156 Day traders are advised to buy intraday on dips. (Buy around 148 with SL 145 for the target of 153 & 156.) MCX Crude oil September contract is slightly negative for the day. Market may find support near 5290 & 5250; intraday resistance can be seen near 5360 & 5400. Day traders are advised to sell intraday on rise. (Sell around 5360 with SL 5400, for the target of 5290 & 5250.) MCX Copper November contract is looking positive for the day. Market may find support near 451 & 448; intraday resistance can be seen near 456 & 459. Day traders are advised to buy intraday on dips. (Buy around 451 with SL 448, for the target of 456 & 459.) MCX Nickel September contract is looking positive for the day. Market may find support near 915, 903; intraday resistance can be seen near 933 & 945. Day traders are advised to buy intraday on dips. (Buy around 915 with SL 903, for the target of 933 & 945.) Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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