Skip to main content

Indian Commodity Updates

Silver slightly move up from the level of 56600, here it may recover its little position. MCX silver may be touch 60000 in 10-15 days if silver break 58650 then it will cross defiantly 60000. For todays we suggest buy silver for the target of 57650 with Stop loss 57220.

Gold maintain its positive trend, it trade in bullish mode. On dollar strangeness gold perform better then silver, we expect that it will trade near about 28500 to 29500.

Indian Market NSE index in consolidate phase, because of dollar position currency trading going low. Traders are not interest for fresh buying.

Comments

Popular posts from this blog

Stock Tips Today

Our Target hits on our SBI Call which we posted before 3 days ago. Buy SBI At - 2220 for the Target of - 2240 & 2270 for day & tomorrow with Stop Loss - 2190.50 Sell Tata Motor(Intraday) At - CMP for Target of - 283.05 & 279.30 with Stop Loss - 288.50 Get daily Stock Intraday Tips, Nifty tips here

LME - Copper Updates with MCX Copper Trend

Copper Updates London copper slipped on Wednesday, partially reversing gains of more than 1 percent in the prior session, as anti-austerity protests in Spain revived concerns over the euro zone debt crisis and the demand outlook for industrial metals. The protests in Spain, where the government is likely to set a fresh timetable for economic reforms later this week, highlight the country's financing challenges and stirred doubts among investors about whether it would have the political will to apply for an official bailout. Three-month copper on the London Metal Exchange was down 0.8 percent at $8,210.50 per tonne by 0705 GMT, after rising 1.1 percent in the previous session. In MCX Commodity expert feel copper, Rs 440 per kilogram is holding over the last couple of trading days despite the negative fundamentals. He believes that on the upside, the resistance near Rs 446 per kilogram remains strong.