Date: 23.01.2012
MCX Copper prices are witnessing profit booking and are expected to test 413 - 414, which should be good levels to enter long. Oscillators are expected to commodity trade in positive zone.MCX Gold prices are trading in a narrow range, however witnessed buying interest from the support of 27200, price are expected to test 27600 - 650 on higher end. One can buy around 27400. Oscillators are suggesting flat to up move ahead.
MCX Silver prices have broken the range bound move, and is expected to remain positive till 56500 -57000, one can buy on dips around 55000. Oscillators are heading up.
MCX Nickel prices are looking good one can buy around 1015 - 1010, prices are expected to test 1045 - 1050. oscillators are heading up.
MCX Lead prices ended with a doji, prices should witness profit booking to the tune of 106.80 - 106.50, on higher end 110 should act as resistance. Oscillators are in positive zone.
MCX Crude prices should witness profit booking to the tune of 4940 -4920, which are good levels to cover short position as we can expect a bounce till 5000.oscillators are suggesting down move ahead after a bounce.www.goldennifty.com
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