Last Updated : September 09, 2010 13:25
Gold Futures may resume its uptrend
Gold October future prices traded down on yesterday’s session by reversing the previous trend. After making a high of 19207 it settled at 19106 levels.
Initial bias remains downside. However, on the lower side support is at 19000 levels sustain above is possible to resume its uptrend. Supported by momentum indicator RSI (14) daily ended at 0.72 levels and showing a higher potential.
We expect sideways movements for the day.
Gold MCX: Buy October at 1253 TP 1264 SL 1248
Courtesy: Karvy Commtrade Ltd.
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MCX LEADMINI 29 February 2012
contract was trading at
Rs 105.9 , up Rs. 0.6 . What's your view on it?
