Wednesday, December 16, 2015

MCX Gold To Trade Volatile ; MCX NCDEX Tips Today : 16 Dec

Bullion counter may trade on volatile path as outcome of FOMC meeting and movement of dollar index can give further direction to the prices. Meanwhile movement of local currency rupee can give further direction in MCX.

MCX Gold can move in range of 25000-25800 and Silver can move in range of 33000-34000 in MCX, according to SMC Global Research.

MCX Gold February contract has been trading 0.07 per cent to 25283 level in MCX on Wednesday.


Agri commodities traded sideways on Monday on account of sluggish demand. Spices fell on fall in demand at the higher levels - Even as Turmeric may witness rising demand in coming days. Trend looks weak for Jeera on low export demand.

SELL NCDEX Jeera 14900,S L -15080, TGT- 1 / TGT- 2-14720/ 14480
SELL MCX Gold at 25450, SL-25600,TGT- 1 / TGT- 2 - 25250/ 25120

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