Indian gold futures steadied on Thursday, following
global leads, but traders sought price direction ahead of the monetary policy
statement from the European Central Bank.
* The most-active gold for August delivery on the Multi Commodity Exchange was 0.26 percent higher at 29,684 rupees per 10 grams at 1040 GMT.
* ECB chief Mario Draghi boosted hopes for fresh action to help the euro last week when he said he would do whatever was necessary to protect the single currency.
* The most-active gold for August delivery on the Multi Commodity Exchange was 0.26 percent higher at 29,684 rupees per 10 grams at 1040 GMT.
* ECB chief Mario Draghi boosted hopes for fresh action to help the euro last week when he said he would do whatever was necessary to protect the single currency.
Mcx Tips
Trends:-
CH GOLD VIEW
TREND – CONSOLIDATE
STRATEGY- BUY ON DIPS
RES1-30180
RES2-30450
SUP1-29630
SUP2-29350
CH SILVER VIEW
TREND – CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-53850
RES2- 55250
SUP1-52170
SUP2-50850
CH COPPER VIEW
TREND- CONSOLIDATE
STRATEGY-SELL ON HIGH
RES1-421
RES2-428
SUP1-405
SUP2-397
CH CRUDE VIEW
TREND- CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-5035
RES2-5110
SUP1-4890
SUP2-4810
TREND – CONSOLIDATE
STRATEGY- BUY ON DIPS
RES1-30180
RES2-30450
SUP1-29630
SUP2-29350
CH SILVER VIEW
TREND – CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-53850
RES2- 55250
SUP1-52170
SUP2-50850
CH COPPER VIEW
TREND- CONSOLIDATE
STRATEGY-SELL ON HIGH
RES1-421
RES2-428
SUP1-405
SUP2-397
CH CRUDE VIEW
TREND- CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-5035
RES2-5110
SUP1-4890
SUP2-4810
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