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Saturday, April 7, 2012

Gold Updates, Nifty Outlook For 9 April

MCX Bullion Tips, Gold Updates, Silver Trend For Today 7 April, Nifty Range, Support-Resistance Levels, Shares to Buy Sell Tomorrow 9 April, NSE BSE Intraday Stock Tips for Monday 9 April 
MCX Gold & Bullion Report : MCX Gold is looking bullish in long-short-medium-short position. It is now in overbought trend. Current Market Price CMP of Gold is at 28080.Gold June 12 contract was down by 1.36% to Rs 28,057 per 10 grams, GoldM June 12 contract was down by 1.34% to Rs 28,078 per 10 grams. Yesterday MCX Metal index was down by 1.33% to 4,907.03. 

1) Gold Support-Resistance Levels for Today 7 April:- 
Support : 27934-27868-27857-27821 & Resistance : 28202-28223 

2) Gold Intraday Tips :  Buy above 28281.8 with a stop loss at 27951.3 
Sell below 27878.8 with a stop loss at 28209  

Nifty Outlook For Monday 9 April : Nifty range fot the next week will depend on few triggers and the biggest sentiment would be the Q4FY12 and full FY12 results. Which will  declare by corporate India. Another Fcator that will influence markets would be RBI policy meet which is scheduled on March 17. 

1) Nifty Range For Tomorrow 9 April: Upside resistance can be seen near 5,370-5,375 and downside support may be seen near 5,250 level. 

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