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Friday, July 5, 2013

Evening commodity updates|| Live MCX rate and Indian share market closing position

RBI may cut cash reserve ratio by 0.25 per cent on July 30, if it happen then its direct impact make more price fall in Indian currency and commodity.

Today Indian share market closes in positive side, 50 stocks Nifty were end at 5867.90 up by 30.95 while SENSEX closes at 19495.82 rises by 84.98 or 0.44%.

On MCX a low volatile trend is watched on bullion, meanwhile Energies stock rises on intraday trading. Crude oil makes a good recovery and expected to move on green side with a good positive trend on evening session. Move towards base metal not a high pick are watched on today session, all metal are watched on red color meanwhile some correction is being expected with small gain on opening position.
BUY GOLD ABOVE 26100 TGT 26150, 26200, 26300 STOPLOSS 25950

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