09/12/13 Commodity gold silver tips| Monday gold support and resistance| election result effect on Commodity and Share market

Tomorrow election result will going to be announce market hoping a very heavy volume with a big change. Many analyst expected a positive report of this election on Indian share market while commodity market might be looking in bearish side if Rupees become more strong then a negative result were seen in Mcx and NCDEX.

Currently gold was closed on 28926 for February delivery. And this election might be pushed back gold prices in downside while silver also turned down if BJP win clearly. On Friday silver closes near to 44000 level at 44021 per kg. Monday trading Session is very important for both the market a new level are expecting in Share market BSE sensex hope to cover up 23000 level while 6400 in coming day.

Crude oil expecting down on Monday trading, on Friday trading crude prices close to 5978. after election dollar prices might be trading down if BJP win and hope rupees closes around 61 per dollar.

Gold support and resistance

S1: 28100 , S2: 27500

R1: 29650,R2: 30000

 

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