Thursday, January 3, 2013

03-01-13 commodity tips

Financial minister P. Chidambaram has said the government is considering a step to reduce the import f gold. A huge import of gold deflects the current account. RBI making a scheme by which they provide a relaxation on gold.
On the MCX gold price is very volatile and the movement is not very satisfactory in the morning session.   Currently gold is trading in the positive direction up by a 57 point from its last trading at 2:30pm.
Meanwhile the movements in the silver give some relief on the early trade; yesterday silver crosses the point of 59000 marks.
Base metal is looking tired today, the market is showing a constant position. After the fiscal problem solved base metal is watched in the green side. Nickel movement is showing some change from the afternoon its goes 9 point high to its last close position.
Movement in menthe oil is showing red flag from the last traded session and helpless to recover from that position but is expected to go high in the next trading session.

Today MCX buy calls

Buy nickel (31 Jan) above 972.30 tgt 973, 975, 977.90………sl 965

Buy silver (5 march) above 59040 tgt 59100, 59200,…… 58800


Sell menthe oil (31 Jan) below 1428.70 tgt 1428, 1425… 1440

for free trial fill the form........


Post a Comment


Blogger news

You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on mcxtipstoday are their own, and not that of the website or its management. mcxtipstoday advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.