Buy MCX Gold, recommends Dani Commodities
Dani Commodities has come out with its report on metals & energy. According to the research firm, one can buy MCX Gold at Rs 29200 with a stop loss of Rs 29140 for target price of Rs 29300.
October 04, 2013 / 13:23 IST
Dani Commodities' report on metals & energy
MCX Gold recovered sharply from its lows on 4 October 2013*The prices managed to move above Rs 29000 and closed at Rs 29472 per 10 grams*The resistance at Rs 29680 per kg and 29800 per 10 grams*Supports for the contract are at Rs 29200 per 10 grams* COMEX Gold December expiry was trading at $ 1316 per troy ounce, down $ 1.7 per troy ounce*MCX GOLD
International: Major Support at USD 1250. Bearish below USD1250.
Domestic: Buy at 29200, Stoploss 29140, Target 29300.MCX SILVER
International: Major Support at USD19. Bearish below USD19.
Domestic: Buy at 48000, Stoploss 47700, Target 48400MCX COPPER
Domestic: Buy at 449.50, Stoploss 447, Target 453.MCX LEAD
Domestic: Buy at 126, Stoploss 125.50, Target 126.80.MCX CRUDE OIL
International: Major Support for WTI at USD100 Bullish above USD 100
Domestic: Buy at 6330, Stoploss 6305, Target 6370.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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