MCX:

1.GOLD IS TRADING @22670 BELOW 22700 WE ARE NEGATIVE ON GOLD,

FOR LONG UPMOVE IT IS VERY IMPORTANT FOR GOLD TO SUSTAIN ABOVE 22700 LEVEL,

IF IT IS UNABLE TO SUSTAIN ABOVE THE SAID LEVEL THEN GOLD MAY SLIP TO 22600-22525 IN INTRADAY & COMING DAYS.

2. CRUDE OIL OPENED IN A GOOD NOTE BUT WAS UNABLE TO PASS ITS RESISTANCE OF 4300,

WE HAVE RECOMMENDED SELL CALL IN CRUDE @4250 IN OUR GUPSHUP BLOG,

CURRENTLY IT IS TRADING @4225.