Tuesday, December 11, 2012

Evening gold silver updates

India’s domestic diesel consumption is decreased by 7.2% in last 2 month .the fall in consumption growth result in rise by 14% in retail diesel price affected by  Indian government in September is the top hike in last 15 month. However the demand of automobile sector is increased and the diesel vehicle is also on the demand. People have attracted towards highly price luxuries vehicle. Crude oil on the MCX is trading with a red sign; its previous close is 4700 it is down by 25 point to its previous close. Today all the top commodity on the MCX is trading with a red ht sign.  If we talking about base metal zinc and Lead is moving with a green sign today. Today zinc is goes up 0.45 point at 2:14pm, in the global market zinc position is very stable. Its current price is 112.75 at 2:17 pm. Similarly following zinc lead also goes to high by 0.40 point and comes to 124.70 at 2:18 pm. Meanwhile if we talking about the top gainer, cotton hold the position and goes to 50 point high and expected to go higher. India cotton production is increase day by day, it help to give a positive move in the global market.

Today’s calls:-

Sell cotton tgt below 16390…..16385….16380….16370……..sl 16460

Buy lead tgt 125..125.50………sl 123

BUY CRUDE OIL dec ABOVE 4670 TARGETS 4675 , 4685 , 4700 STOPLOSS 4640

Buy zinc tgt 113……113.25…113.50………sl 111.60

sell  gold below 31383....tgt ....31350 .....31300.......sl 31650

buy silver tgt 62670......62700.....sl 62426.......


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