GOLD MCX JUNE 2020 PREDICTION

GOLD MCX

GOLD MCX trading around resistance levels of 46950 and if GOLD MCX sustains above 46950 we may see upside in the GOLD MCX and It can again head towards levels of 48000- 50000 in the coming days.

If GOLD MCX do not sustains above levels of 46950- 47050 We may see Gold MCX again heading towards channel support levels of 45600-45500. 

Strategy to Play: So right now we are trading at make or break levels which should be played on the long side with small stoploss and once Stoploss is hit one can reverse the position to short.

GOLD COMEX

GOLD COMEX is trading in Rising Wedge Technical Pattern (Marked with Blue Lines in the chart Above) Support Zone for the GOLD COMEX is 1725- 1735$ Per Ounce.

One can Buy with Targets of 1772 $ and Stop loss Below 1710$.

You Can Use These Levels to Play GOLD MCX MINI (Take you Own Decision and Analyse you Risk Capacity Before Entering into position)

Is Best Buying Levels to Invest in Indian Stock Markets are Around the Corners?

Is Best Buying Levels to Invest in Indian Stock Markets are Around the Corners?

Nifty Spot touched lows of 2252.75 in October 2008 Crash (U.S. Subprime Crises) And touched the highs of 12430.50 in Jan-2020 (Modi 2.0) - Seen rally of massive 10177.75 points

When we calculate 50% of this 10177.75 Points it come out to be 5088 Points And till today (24-March-2020) Nifty has corrected 4919.4 Points from highs of 12430.50 and Hits low of 7511.10. As per Fibonacci Series 61.8% Extreme Levels comes out to be 6140.65 (Click to read more about Fibonacci numbers : Fibonacci Retracement)

So, for investors its suggested to invest in Top 10 Nifty50 Blue-chip stocks as per the Nifty Spot Level. Invest in 3 Parts- First Part When Nifty Is near 7350- 7550 Levels (50% correction of 10177.75 Points). Second Part when we see further correction around 6150- 6350 Levels (61.8% correction of 10177.75 Points) and Third-Part Hold As cash in your portfolio as per the strategy for the risk management for the extreme levels when market enters depression.

As of now global markets are in fear and no one is suggesting buying so as per the rule of investing these are the best time for long term investments. It’s also said buy when everyone is bearish and Sell when everyone is bullish.

Invest in Top 10 Market Capitalization Companies of Indian Stock Markets: