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Sell MCX Gold Apr Fut around Rs 30740: Fortune Financial

Fortune Financial Services has come out with its report on Gold, Silver, Crude Oil, Natural Gas, Copper and Lead. According to the research firm one can sell MCX Gold April Contract around Rs 30740 with stoploss of Rs 30840 for a target of Rs 30570-30460.

February 07, 2013 / 13:07 IST

Fortune Financial Services has come out with its report on Gold, Silver, Crude Oil, Natural Gas, Copper and Lead. According to the research firm one can sell MCX Gold April Contract around Rs 30740 with stoploss of Rs 30840 for a target of Rs 30570-30460.

MCX Gold April Contract is looking slightly negative for the day. Market may find support near 30570 & 30460; intraday resistance can be seen near 30740 & 30840. Day traders are advised to sell intraday on rise. (Sell around 30740 with SL 30840, for the target of 30570 & 30460.) 

MCX Silver March Contract is looking slightly negative for the day. Market may find support near 57900 & 57400; intraday resistance can be seen near 58700 & 59200. Day traders are advised to sell intraday on rise. (Sell around 58700 with SL 59200, for the target of 56900 & 56400.) 

MCX Natural Gas February contract is looking slightly negative the day. Market may find support near 181 & 178 intraday resistance can be seen near 185 & 188. Day traders are advised to sell intraday on rise. (Sell around 185 with SL 188 for the target of 181 & 178.) 

MCX Crude oil February contract is looking slightly negative for the day. Market may find support near 5120 & 5070; intraday resistance can be seen near 5180 & 5230. Day traders are advised to sell intraday on rise. (Sell around 5180 with SL 5230, for the target of 5120 & 5070.) 

MCX Copper February contract is looking negative for the day. Market may find support near 438 & 435; intraday resistance can be seen near 443 & 446. Day traders are advised to sell intraday on rise. (Sell around 443 with SL 446, for the target of 438 & 435.) 

MCX Lead February contract is looking negative for the day. Market may find support near 127.70, 126.50, intraday resistance can be seen near 129.40 & 130.50 Day traders are advised to sell intraday on rise. (Sell around 129.40 with SL 130.50 for the target of 127.70 & 126.50)

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: Feb 7, 2013 01:07 pm

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