Gold Commodities India

Author having wide experience in Commodities market and advising from last 13 years.

Independent  |  INH000005069

Gold Commodities India Calls

CMP

412.45

Support-1

412.0

Support-2

408.0

Resistance-1

418.0

Resistance-2

422.0

Description

Yesterday all clients were recommended to buy at 412-413 level and hold the position. Now on higher side today 418-420 ranges is first resistance zone. So this can be first profit booking area for near term If manage to close above 418 then some more upside can be seen.

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CMP

33024.0

Support-1

32900.0

Support-2

32650.0

Resistance-1

33200.0

Resistance-2

33400.0

Description

Yesterday all clients sold at 33250 and booked at 33000 in intraday. Now for today again on higher side 33100-33150 area will provide supply. On downside 32900-32800 area is support for short term. Gold can trade in a range ahead of FOMC meeting. Any unexpected rate cut can bring a temporary spike in rates but there after a sharp profit booking can be seen in coming sessions.

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CMP

208.0

Support-1

206.0

Support-2

204.0

Resistance-1

208.5

Resistance-2

210.0

Description

All clients were recommended yesterday morning not to remain short. Now for today on downside support area at 206-206.50 from where again some buying support can be seen. On higher side 209-210 area is short term supply zone. New upside only if manage to close above 210.

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CMP

33045.0

Support-1

32900.0

Support-2

32650.0

Resistance-1

33150.0

Resistance-2

33350.0

Description

On Friday, profit booking from higher levels was seen. Now for today on higher side 33100-33150 is strong resistance zone from where again some supply can be seen. On downside next support area is at 32900-32950 area. All eyes on FOMC meeting to be held this Wednesday. SO trading in a range can be seen for next two days.

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CMP

206.25

Support-1

204.0

Support-2

202.0

Resistance-1

207.5

Resistance-2

209.0

Description

Now Zinc getting supply from higher levels around 207-208. So rallies can be sold. On downside 204-203 area is next support area for today. If sustain below 204 then more downside can be seen today.

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Support-1

3570.0

Support-2

3510.0

Resistance-1

3650.0

Resistance-2

3700.0

Description

Sell off was seen yesterday once it broke 3650. Now next support area for today is at 3570. If manage to close below this then more downside will be seen in coming sessions. On higher side today resistance area at 3625-3650 area. Overall remains weak below 3650.

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CMP

407.35

Support-1

404.0

Support-2

400.0

Resistance-1

410.0

Resistance-2

416.0

Description

No clarity on trade war situation. So range bound trading seen from last few sessions. On higher side 410-412 is resistance area for today. On downside support at 402-404 area. So trading in this zone can be seen.

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CMP

3720.0

Support-1

3650.0

Support-2

3600.0

Resistance-1

3725.0

Resistance-2

3775.0

Description

Lower opening can be seen today. On downside 3650 area is support area. Buying from lower levels can be seen. On higher side 3720-3775 still remains resistance zone for short term. So if opens lower then buy in the afternoon around support area.

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CMP

203.95

Support-1

203.0

Support-2

201.0

Resistance-1

206.0

Resistance-2

209.0

Description

Buying recommendation continued from last week. On lower side 203-202 area a support zone as mentioned earlier. On higher side 206-209 is still target for coming sessions.

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CMP

32660.0

Support-1

32500.0

Support-2

32200.0

Resistance-1

32850.0

Resistance-2

33000.0

Description

Now on higher side will face resistance around 32800 area. On downside support at 32500. So rallies can be sold around resistance area for target of 32500 in coming sessions.

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