Wednesday 12 June 2013

MCX Gold Crude Oil Tips and Trend | Silver Updates

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Mcx Gold Tips and Trend :- Commodity market is trading at bearish note today.Gold may continue to remain slightly under pressure unless and until it is not closing above Rs 28,400/10gm for consecutively few days. We suggest traders to go short on this counter at current levels and rallies to Rs 28,250/10gm, put a stop loss above Rs 28,130 per 10gm for a downward target objective of Rs 27,500/10gm.

==> sell lead mini 2-3 lots at 123.20 target 122 - 121.50 stoploss 123.80  

Mcx Crude Tips and Trend :- Crude fundamentals also seem to show slight increase in inventories and supply seems to be strong, so I think this pressure may put prices down. We suggest traders to sell this counter at current levels and rallies to Rs 5,550 per barrel putting a stop loss above Rs 5,595 per barrel for a target price of Rs 5,460 per barrel on the lower side. 

Silver Updates => Intraday day traders can sell on rise Major support is seen in range of 43300 ,42900 and 42400 . While important resistance is seen near 43900 , 44300 and 44750 Recommendation - Day traders can buy at 43300 Target 43900 & 44200 SL below 42950. 

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