Tuesday, August 13, 2013

Government raise Import duty on gold and silver both to 10% || evening MCX gold silver tips|| crude oil volatile on evening trade

Today once again government has raised an import duty to curb the sale of gold and silver. Import duty on gold raised to 10% from the existing 8% , however on silver it comes to 10% from 6%.
today on intraday trading gold price for future delivery touch a high of 29333 and low of 28720. After this report a negative impact must be seen on Indian commodity market and on evening trade a bearish trade is looking at MCX. Similar trend is also going to seen in white metal on evening trade.
On morning trade a high positive volatile movement is seen at MCX , in base metal MCX copper for future delivery touch an intraday high of 450.60 with a low of 446.20. today MCX crude oil open at 6505 and touch an intraday high of 6550 on evening trade MCX crude oil for future delivery look to be volatile at MCX in bearish side. MCX nickel made a good correction form 2 day and crosses the level of 900 today and touch an intraday high of 914.40.

SELL GOLD OCT BELOW 28900 TGT 28850, 28750, 28600 STOPLOSS 29200
SELL SILVER SEP BELOW 46400 TGT 46300, 46200, 46000 STOPLOSS 46780
SELL CRUDE OIL AUG BELOW 6530 TGT 6520, 6500, 6580 STOPLOSS 6575


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