Wednesday, April 17, 2013

today gold-silver position and commodity trend for 17/04/13

MCX base metal are trading with red flag form early morning, all metal are continue its worst performance on intraday market. On overseas market copper prices also fall from a good position at LME and that will affect to Indian domestic market at MCX.  Whereas nickel trading on low side in this week from starting, nickel for April delivery fall near -10 point from its opening price 850.  On intraday trading it touches a low of 834.80 and expected to trade bearish for medium long term.  AT multi commodity exchange lead, aluminum and zinc all on downside and expected to show greenery in evening session with low point.
On MCX bullion are trading on negative side, gold for future delivery watched -0.60% down today. On Wednesday morning it open at 25650 and touches an intraday low of 25435. Some correction had seen today on global market gold increase high by 1.1% to $1382.85 an ounce. On domestic market yellow metal look bearish overall with some gain in evening session. 
Silver continue its worst performance on multi commodity exchange on Wednesday also. On early morning it opens at 43870 against its previous close 44195. On intraday market it touches a high of 43931 and low of 43230.

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MCX Today tips

Buy gold June above 25700 tgt 25750, 25800, 25900…………sl 25500

Buy silver May above  43800 tgt 43900,44000, 44100…………sl 43500


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