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Gold Prices are trading higher on Tuesday reaching to $1802 levels. This upward rally in Gold prices is mainly attributed to the rising cases of COVID-19 and cross border tension between India and China. Gold future risen by 1.18% to cross 1800 mark. MCX Gold future was up 1.02 per cent at 47780 per 10 grams, while Silver Future were trading at 50300 up by 2.50 per cent. Confirmed COVID-19 cases world wide exceeded 1 crore mark and deaths surpassed 500,000 so far. Gold prices was held steady during last 2 quarters and spurts in current quarter to post one of the biggest upward movement over past five years. Technically, Gold future on Comex shows strong support at $1680 levels, on upside it may rise up to $1980 per ounce. A level of $1915 will act as strong resistance, if this level is crossed then be ready to see an even stronger rally ahead. By SANDESH NANDODE - Research Analyst, Mumbai            

Disclosure/Disclaimer : Sandesh Nandode is an independent research analyst, the research work would be conducted in Equity, commodity and currency segments.  Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions. The views expressed therein are based solely on information available publicly/internal data/other reliable sources believed to be true. The information is provided merely as a complementary service and do not constitute an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of any transactions or contract of any kind. Research data and reports published/ emailed/ text messages via Short Messaging Services, Online Messengers, WhatsAppetc/transmitted through mobile application/s, including but not limited to FLIP™, Video Widget, t

Sandesh Nandode, Founder and Chief Mentor, Research Analyst. Mumbai -Dubai

Mahindra & Mahindra, from its recent fall till 245.40 has gain whopping 109% upside and trading at 514 today (23.06.2020; 01:00 PM IST).  This upward movement is mainly drive by tractor segment and company's strong operational performance in the January-March quarter (Q4FY20).  The company reported standalone net sales for the quarter were at Rs. 9,144 crore. As per the company management "The overall service and manufacturing sectors are likely to see a slower recovery, the agriculture and farm equipment sector will be less impacted" On charts M&M looking bullish and the share price can move up to 580 - 600 levels soon. Level of 590 would act as first resistance; once crossed the next resistance level would be at 653.  On downside 460 will work as an immediate support. Recently M&M announced that they will develop four new platforms for tractors along with Mitsubishi.  This will further push the sales of tractors in rural market as monsoon has already approa