August 08, 2011

MCX Daily News Letter 09 Aug | MCX India 09 Aug

  • MCX Gold prices are expected to hold initially at 25061 levels on upside trend. 
  • MCX Gold prices are expected to rise above the same and prices of MCX Gold may continue to rally towards 25122 initial price level  towards 25241/25331.
  • If prices break below 24751, a corrective sell off towards 24692/652 initial levels.
  • MCX basemetals are expected to trade on a positive note.
  • MCX Crude oil is showing a mixed trend and a down trend may be seen in the upcoming sessions.
  • MCX Gold and MCX Silver are showing positive near terms.
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