Friday, November 30, 2012

Today's commodity bullion updates


After the Wednesday fall the bullion is trying to recover from its position. Now the December is going to start the last month of the year, the eyes on the commodity how it going this month. It is expected that in 2013 the commodity is on the top gear and we see a new record on this.  According to the German bank Industrial metal is going to strengthen in 2013. This year the demand of gold in the Indian Market is very poor due to the increase in Import duty and poor Manson season.  Today on the MCX Bullion is trading in the red side; Gold is open at 31500 from the previous close of 31579. Today gold is trading with a support level of 31122 and a resistance of 32036. It is advice to trader to hold the position and for intraday trader sell gold below 31450 and buy at 31800.Meanwhile today silver is open at 62882 its previous close is 63052. Today silver is trading between 62001 to 63550. Currently silver is also in the position to hold but for buy it is better to buy 63800 with a stop loss of 61800.

Today’s calls

Buy gold tgt 31525…31575+++……………..sl 30800

SELL silver tgt  62800…..62750……………62700…sl 63700


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