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
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