Tuesday, January 29, 2013

28/01/13 intraday gold, silver movement

Today bullion open with a red and green flag, gold open slightly higher form its last close and open at 30337 and touch an intraday high of 30352 and low  of 30321. On the MCX gold is looking bearish , while Indian government  increased  import duty on Thailand gold jeweler.  On the MCX white metal is open at slightly down by 100 point and open at 58151. Silver touch an intraday high of 58389,and kiss a low of 58150. On the MCX silver showing a upward positive trend and expected to go high for today trading session.

buy gold tgt above 30370 tgt 30400, 30430, 30490.. sl 30180

Buy silver(5 march) above 58425 tgt 58460, 58500,58620………….sl 58210

Today crude oil open in the downside  and predicted to trade with the red flag in the morning session,some green may be look after 2:00 pm.

Sell crude oil (19 Feb)  below 5180 tgt 5170, 5160,5150…….sl 5220

Domestic  Cotton market  falling with a lower level  and by affected by a lower demand in global as well as Asian market. On the MCX cotton for (31 Jan) open 40 point down from its last close,but for today intraday session cotton showing a strong uptrend and  touch an intraday high of 16400 and low of  16310.

Buy cotton (31 Jan) above 16390 tgt 16400, 16410, 16425……sl 16330

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