Saturday, December 29, 2012

Today's MCX commodity tips

Today bullion has a good fresh start, moving towards a new target. On the MCX gold for February contract up by 23 point as following yellow metal silver is also up by 123 point at 10:37 am. October month is very good for yellow metal, India gold production had increased by 8.1% on this month.  Crude oil is expected to trade positive, its current price 4993 at 10:42 am. Today the movement in natural gas is very volatile moving positively from its last position .Meanwhile the copper and cotton is moving alternatively cotton is going to the downward direction as opposite copper is to green side. Copper is going to touch a 440 target; its current position is 439 at 10:47 am.

Today calls:-

Buy silver above 57645 tgt 57700….57800….57850………sl 57439

Sell cotton  below 16230 tgt 16220  16200….16185 sl 16260

Buy natural gas above 192 tgt 192.3, 192 .50 , 193  sl 190.80

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