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Trading Calls

Sell Zinc at 110.70 Sl 111.80 Trgt 109.90,109.

COMMODITY TECHNICAL REPORT :02/01/2013

MCX FEB FUT  GOLD

POSSIBILITY 

Market is expected to test 31100 levels in the near term.

Sustainable trading above Rs31100 levels would push the market further higher towards 31300 levels.

ALTERNATE POSSIBILITY

Any sustainable trading below 30600 would take prices towards30300 levels. 

SHORT TERM

SUPPORT      : Rs. 30620/30320

RESISTANCE:  Rs. 30940/31120

TREND TYPE

Sideways to higher 

MCX MAR FUT  SILVER 

POSSIBILITY 

As expected, prices are trading in a range of 58500-57200. Either side sustainable trading would help further movement.

Any sustainable trading below Rs57200 would attract fresh short positions in the market.

ALTERNATE POSSIBILITY

Alternatively, decisive close above 58500 would give further strength and prices may test 59200 levels.

SHORT TERM

SUPPORT      :  Rs. 57200/56600

RESISTANCE:    Rs. 58500/59200

TREND TYPE

Sideways