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Saturday, February 9, 2013
Today bullion market open with positive node, gold open slightly down from its last close and open at 30790 for April contract on MCX. Gold is looking positive for intraday and some good movement is expected due to rupee depreciation against US dollar. While MCX silver open at 58114 and touch an intraday high of 58221 against its last close 58041. But if we talking about this week no such a high movement had been seen in white metal, that the reason silver up today but movement is volatile for intraday .
Buy gold above 30800 tgt 30830, 30860,30900……….sl 30600
Buy silver above 58190 tgt 58250, 58300, 58350………..sl 58000
Crude oil showing good positive movement on MCX for February contract, today crude oil opens at 5137 and its previous close is 5133. For intraday crude oil is expected to trade in the range of 5100-5210.
Sell crude oil below 5140 tgt 5130, 5120, 5100…..sl 5195
Sell cotton below 16740 tgt 16730, 16720, 16700,----…………..16820
Sell natural gas below 176.50 tgt 176, 175,174……….sl 180
Buy mentha oil above tgt 1337 tgt 1338, 1340, 1345………..sl 1329
Buy nickel above 975 tgt 976, 978, 980, 983………………..sl 965
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