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………..sl 30900
Buy silver
tgt 62000……….62100…….sl 61500
Buy crude
oil tgt 4885…..4900………sl 4850
Seed Newsvine
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