3 January 2014


 There is a sudden change in  India gold futures.it get higher on Thursday as a result of fresh buying and a rebound in yellow metal prices in the international market.Meanwhile,crude oil recorded a volatile trade while copper futures also rises up.

The trend in gold futures for February delivery on India's  MCX looks sideways to bullish for the day and intra-day traders are advised to buy on dips,. MCX gold for February delivery was seen trading with a gain of 1.40% at Rs.28816 per 10 grams as of 15.49 IST on Thursday.CX copper February delivery edged up on Thursday and has further space for an upward movement for near term. Intra-day support is seen near 470.5 and 468 levels while resistance is seen at 473.6. Traders are advised to take long position around 473 with the stop loss of 468.5 for the target of 475.2.

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