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Look above MCX Gold chart, you can find – It’s presently playing between support level 28,068 and resistance level 31,016. Gold has lost all its April gains with closing at 28,505(-84). It will turn into positive if close over my resistance level 29,370 otherwise carry on drop downwardly. By investigation, we found fresh buying by stronger hands at support level 28,325.
This week, if gold run around our support level 28,325 and close below then sell on rise with targets: 28,070-27,960-27,880 below. As well as Gold spot is looking weaker rather than MCX Gold, look below chart:
For intraday / positional, when it will become 100% positive? I will inform to my subscribers only! To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Stare up on MCX silver chart, if it close above ‘Bearish Spacing’ level 50,585 then we will see Mega-Buying (55K+) otherwise for short-term silver needs one more decline. Silver will kiss levels 41,000-40,000 in coming day. Hurdle for short-term traders: 43,040.
Try to sell on rise, if close above hurdle for 1-2 consecutive days then discontinue selling furthermore start buying for 44K-45K.
Now everything depend on you, how you build Monday first smart trade on Gold / Silver. Yes, I will continue update and also for intraday trading for subscribers!
Buy Gold between 28460 – 28480 S/L: 28420 Targets: 28650-28691+
Risk High – Profit Med – QTY Low
+SELL Gold @ 28450-28440 S/L 28492 Targets: 28340 – 28262 below
Risk Low – Profit High – QTY High
Now, smart traders can understand what to do!
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Today, MCX Gold and Silver is looking downward from opening bell but overall up! Gold comes in fear zone thus make your any discussion carefully.
I will update more due to market hours for members only!
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Sell sell sell!
Targets: 1174-1162 below
Read our 8th Apr newsletter/email, I had already written targets: 9670-9586 below
On 8th Apr, I had also written about Guard seed and Guargum. Both touched my all targets next day!
If you want to go safely, then sell Chana without any worry!
Close your eyes and go with it. Sell on every rise…
Targets: 2995-2981-2967 below
In terms of the Bye-laws, Rules and Regulations of the Exchange, the following days are declared as trading holidays for the calendar year 2014 along with details whether the holidays would be full or part holidays for trading:
| Description | Date | Days | Normal Session | Evening Session |
|---|---|---|---|---|
| Id-E-Milad | 14th Jan | Tuesday | Closed | Open |
| Mahashivratri | 27th Feb | Thursday | Closed | Open |
| Holi (2nd day) | 17th Mar | Monday | Closed | Open |
| Ram Navami | 08th Apr | Tuesday | Closed | Open |
| Dr. Ambedkar Jayanti | 14th Apr | Monday | Closed | Open |
| Good Friday | 18th Apr | Friday | Closed | Closed |
| Maharashtra Day | 1st May | Tursday | Closed | Open |
| Budha Purnima | 14th May | Wednesday | Closed | Open |
| Ramzan ID | 29th Jul | Tuesday | Closed | Open |
| Independence Day | 15th Aug | Friday | Closed | Closed |
| Ganesh Chaturthi | 29th Aug | Friday | Closed | Open |
| Gandhi Jayanti | 2nd Oct | Thursday | Closed | Closed |
| Dusssera | 3rd Oct | Friday | Closed | Open |
| Bakri ID | 6th Oct | Monday | Closed | Open |
| Diwali – Laxmi Puja * | 23rd Oct | Thursday | * Open | * Open |
| Diwali – Balipratipada | 24th Oct | Friday | Closed | Open |
| Moharum 04th Nov. 14 | 4th Nov | Tuesday | Closed | Open |
| Guru Nanak Jayanti | 06th Nov | Thursday | Closed | Open |
| Christmas | 25th Dec | Thursday | Closed | Closed |
Trading on the commodities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the commodities segment are:
Normal session time: 10:00AM to 5:00PM
Evening session time: 5:00PM to 11:30/11:55PM
*Market would be open for Muhurat Trading, timings for which will be informed separately.
Data and information provided by Commodity MCX & NCDEX exchange.
What is Dabba trading (Definition): The investor’s trades [buy/sell orders] do not executed on stock exchanges system but in the dabba operators books only.
Top reason for dabba trading: mainly to save on tax and trading fees. But traders don’t know, dabba trading or trading in commodity (MCX / NCDEX) futures outside the FMC-regulated exchanges is illegal as per the Forward Contracts Regulation Act (FCRA), 1952.
Dabba trading is also risky as it does not provide protection against counterparty default risk as guaranteed by commodity futures exchanges for trades done on them.
Market controller Sebi may break down on dabba trading that is said to be out of control in cities like Rajkot, Ahmadabad, Mumbai and Indore, following (consumer) complaints from market participants.
Dabba trading activities is 70% more existing in equity trading rather than commodity market. Look below image:
(GIVEN by LOKESHWARRI SK BL RESEARCH BUREAU)
SEBI is asking, are Gujaratis losing interest in equity trading?
SEBI sources said: finding exact information from market participants about such illegal activities, has furthermore written to the state governments seeking information in this regard.
If you notice any illegal commodity futures market activity, please report to:
Forward Markets Commission, Everest, 3rd Floor, 100, Marine Drive, Mumbai 400 002, Tel: 022-227 953 00, Fax: 022-2281 2086, Email: [email protected]