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Sell MCX Gold June around Rs 26350; target Rs 26000: Geojit

Geojit Comtrade has come out with its report on metals and energy. According to the research firm, one can sell MCX Gold June contract around Rs 26350 levels with a stop loss above Rs 26500 for price target of Rs 26000 levels.

May 24, 2013 / 19:50 IST

Geojit Comtrade's technical updates on commodities:


(Prices in Rs.)


Technical Updates:
 
MCX Gold June : Sell around 26350 levels with a stop loss placed above 26500 levels for targets of 26000 levels.
 
MCX Silver July : Sell around 43400 levels with a stop loss placed above 43700 levels for targets of 42500 levels.
 
MCX Crude June : Sell around 5250 levels with a stop loss placed above 5310 levels for targets of 5140 levels.


MCX Natural Gas May : Buy around 238 levels with a stop loss placed below 235 levels for targets of 242 levels.
 
MCX Copper June : Sell around 408 levels with a stop loss placed above 411 levels for targets of 400 levels.


MCX Nickel May : Sell around 825 levels with a stop loss placed above 835 levels for targets of 810 levels.
 
MCX Lead May : Sell around 114 levels with a stop loss placed above 115 levels for targets of 112 levels.


MCX Zinc May : Sell around 102 levels with a stop loss placed above 103 levels for targets of 100 levels.
 
MCX Aluminium May : Sell around 102 levels with a stop loss placed above 103 levels for targets of 100 levels.

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.

first published: May 24, 2013 07:50 pm

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