Tuesday, May 21, 2013

Evening commodity updates and MCX silver gold level | MCX lead zinc tips

Today silver are fluctuated on domestic market , silver for future delivery gain some good point on early trade after open 43054, on intraday it gain +300 point. Meanwhile after gaining an early up it fall sharply at MCX and touched a low of 42942.more depreciation are observed in MCX silver. In overseas market silver also fall down by early lead. COMEX silver are trading in the range of $22.30 to $22.90 a troy ounce.

Government are worried about gold import and say to take more action against gold, gold import are jumped by 138 % last month that’s push up trade deficit to $ 17.8 billion. Gold importation highly affected the GDP and that the main reason behind government taking a strict action towards import of gold and intimate to increase the import rate.

 Gold prices drop down after gaining a good momentum in domestic MCX, in upside it touch an intraday high of 26362 with a low of 26000.  

Movement is bullion is going to volatile in evening session and expected to trade mostly with green side.

Today natural gas following a negative trend with a low movement, on intraday trade it touch a low of 224.50, more depreciation is look to seen in evening session.  For today trading it is expected to trade in the range of 223.10 to 227.40.


Buy lead May above 112.50 tgt 112.80, 113.40, 114 …………sl 111

 Buy zinc May above 101.60 tgt 101.90, 102.30, 102.60…………100.60

buy natural gas above 226 tgt 226.50, 227, 228..........sl 224

Buy gold June above 26050 tgt 26100, 26150, 26200……..sl 25900


Post a Comment


Blogger news

You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on mcxtipstoday are their own, and not that of the website or its management. mcxtipstoday advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.