Monday, December 3, 2012

today commodity updates

Election in the Gujarat may work as the support level for the commodity market. Narendra Modi is the only one who is can change the map of India. Gujarat is most successful state in the India in the business term. Narendra Modi is the most capable person for the post of prime minister and it’s expected that he will surely win; the whole country is in the support of him if he is a business man or a normal person. On the MCX bullion is now again comes to its path, today bullion and top script are trading on the positive node. Today gold is move up by 130 from its previous close at Rs 31271;at 12:15 pm today gold is expected to be trading with a support level of 30850 and a resistance of 31700. Similarly silver is also in the good position to trade for intraday trader, today it takes a jump of 550 point and comes to 61850  from its last position of 61301. Meanwhile the crude and the base metal are also in the green side, crude oil for 18 December contract trading with a high of 29 points at 12:21 pm its previous close 4847.Meanwhile good news from the china market give a positive trend to base metal. The growth in the state sector investment helps the china economic which is recovering from economical damage. The manufacturing has gained a momentum with the help of strong output growth.  Job creation has recorded in the month of November for the 9th successive month.

Today  MCX calls:-

Buy gold tgt 31300….31400……… 30900

Buy silver tgt 62000……….62100…….sl 61500

Buy crude oil tgt 4885…..4900………sl 4850


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