Tuesday, March 12, 2013

11-03-13 trading tips for commodity market and mcx india updates

Today commodity market open on the positive side but after a early fresh start bullion goes down in red side.  MCX gold for April open in good side and touch an intraday high of 29450, buy low volume forced it to turn direction. Gold is looking on bearish side movement is not very affective but some positive movement hoped near 5 pm.  

buy gold above 29370 tgt 29400, 29450...........sl 29290
Buy silver above 54800 tgt 54850, 54900, 55000……sl 54600

Today Base metals on MCX starts with negative node and continue this direction. MCX nickels for 28 March delivery are showing bearish movement, MCX nickel prices touch an intraday low of 902. No positive movement is expected from nickel for today trading session.   Copper prices are volatile today it showing a mixed reaction on MCX , MCX copper touch an intraday high of 426.60 with low of 421.85.

intraday tips

Sell nickel below 903 tgt 901, 899, 895……sl 991
Sell copper below 422.50 tgt 421.50,420.50, 420……………sl 425
Sell zinc below  105.50 tgt 105, 104.50, 103.50………sl 107.50
Buy natural gas above 198.50 tgt 199.50, 200.50………..sl 196.50
 Buy mentha oil above 1240 tgt 1245, 1250, 1255…………sl 1225


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