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Buy MCX Gold April around Rs 29750; target Rs 29930: Geojit

Geojit Comtrade has come out with its technical report on Gold, Silver, Crude, Natural Gas, Copper, Nickel, Lead, Zinc and Aluminium. According to the research firm, one can buy MCX Gold April around Rs 29750 levels with a stop loss below Rs 29650 levels for a target of Rs 29930.

March 22, 2013 / 16:51 IST

Geojit Comtrade has come out with its technical report on Gold, Silver, Crude, Natural Gas, Copper, Nickel, Lead, Zinc and Aluminium. According to the research firm, one can buy MCX Gold April around Rs 29750 levels with a stop loss below Rs 29650 levels for a target of Rs 29930.

Technical Updates:
 
MCX Gold April : Buy around 29750 levels with a stop loss placed below 29650 levels for targets of 29930 levels.
 
MCX Silver May : Buy around 54700 levels with a stop loss placed below 54400 levels for targets of 55200 levels.
 
MCX Crude April : Sell around 5070 levels with a stop loss placed above 5110 levels for targets of 5010 levels.

MCX Natural Gas March : Sell around 215 levels with a stop loss placed above 218 levels for targets of 210 levels.
 
MCX Copper April : Sell around 417 levels with a stop loss placed above 420 levels for targets of 412 levels.

MCX Nickel March : Sell around 918 levels with a stop loss placed above 930 levels for targets of 895 levels.
 
MCX Lead March : Sell around 117.50 levels with a stop loss placed above 119 levels for targets of 115 levels
 
MCX Zinc March : Sell around 104 levels with a stop loss placed above 105 levels for targets of 102.50 levels.

MCX Aluminium March : Sell around 103 levels with a stop loss placed above 104 levels for targets of 101 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.

To read the full report click on the attachment

first published: Mar 22, 2013 04:51 pm

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