Market Update

Market Watch

Saturday 2 February 2013

Live Mcx Market Watch


Multi Commodity Exchange of India Ltd (MCX) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. . Like the stock market online trading system, commodity exchanges are also typically on the online trading system . The biggest advantage of trading in commodity futures is price risk management and price discovery. 

Mcx Tips Today  

GOLD:
Trend updated for-Feb/02/2013.CMP-29938 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 29675.Resistance for the Gold is 30481-30608-30754-30957-31225-31228-

SILVER:
Trend updated for-Feb/02/2013.CMP-58502 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 57242.Resistance for the Silver is 58920-58955-59223-59621-60324-60330-

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