MENU

Published on 14/05/2019 10:58:56 AM | Source: Hem Securities Ltd

Commodity Technical Outlook 14th May 2019 - Hem Sec

Now Get InvestmentGuruIndia.com news on WhatsAppClick Here To Know More

GOLD MCX Future June CMP: Rs. 32403 (0.29%)

Technically, the commodity broke through a downward sloping trend line on the Comex charts and sustenance over $1300 is necessary for bulls to gain control in the long run. Investors are advised to cautiously trade at the current levels or wait for the prices to go above resistance. Support can be seen at Rs. 32380 & 32350 whereas resistance at Rs. 32535 & 32600.

 

NICKEL MCX Future May CMP: Rs. 832.80 (0.05%)

Technically, a downward sloping trend can be seen on the weekly charts of the commodity sustain below previous day low the another set of bear days can be expected. Investors are advised to go short but maintain a strict stop loss. Support can be seen at Rs. 825 & 820 whereas resistance at Rs. 834 & 836.

 

Recommendations

Buy Gold @32450 Stoploss 32380 Target 32600 

Buy Coriander (June) Above @7390 Stoploss 7330 Target 7470-7500

 


To Read Complete Report & Disclaimer Click Here

 

For More Hem Securities Ltd https://www.hemsecurities.com/page/disclaimer SEBI Registration No- INH100002250

 

Views express by all participants area for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer