Saturday, February 23, 2013

22-02-13 best commodity to buy today and commodity movement|commodity tips


Today base metal open with a low positive trend on MCX, in domestic commodity market base metal and bullion metal are showing e negative trend.  Government is thinking to increase the import duty during this fiscal year on some metal.  Currently on Indian market gold and prices are very volatile and unpredictable.  In intraday gold is on negative side but for future its has a strong support level of 29550 with a resistance of 29850.

For intraday trading 

Sell gold below 29620 tgt 29570, 29520…………..ls 29720

Sell silver below 53950 tgt 53850, 53750, 53700……..sl 54200

Sell crude oil below 5080 tgt 5070, 5060, 5050………sl 5110

Buy mentha oil above 1474 tgt 1480, 1485, 1490………..sl 1458

Buy cotton above 17750 tgt 17780, 17810, 17850,.sl 17650

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