Monday, 5 December 2011

Today's Ncdex Tips

According to our Experts , gold has seen some upside over past couple of days and the level of USD 1,770-1,780 is acting as a strong resistance. "On NCDEX one can buy gold around Rs 29,150 with a stop loss below Rs 29,050 targeting Rs 29,350," he added.

All base metals like crude and bullion have all risen substantially after the coordinated efforts by central banks to inject liquidity and with China cutting its CRR. That has helped copper as well. From a short term or intraday perspective, one could buy copper around Rs 403-404 levels with a stop loss below Rs 400 and target Rs 410-411.

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