MCX NCDEX COMMODITY TIPS| GOLD SILVER TIPS: free gold tips 8 June 2012

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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."

Friday, 8 June 2012

Commodity Market Trend| MCX Tips Today

11:17 free gold tips 8 June 2012, MCX LEAD TIPS, Mcx ncdex free tips today, mcx tips for today, Ncdex Jeera tips No comments

MCX tips For today,bullion trend,ncdex agri tips,live mcx tips,Base metal trend

Commodity market :- Commodity market open at negative note in today's trading session. MCX Gold Trend :- Gold futures prices fell 0.59 per cent to Rs 29,497 per 10 grams as speculators reduced their positions, tracking a weakening trend overseas.The yellow metal in the Comex division of the New York Mercantile Exchange was at $1,570 a troy ounce at 9 am on Friday against yesterday’s close of $1,585 troy ounce.

Aluminium Trend :- At LME, Aluminium ended flat at 1986 per tonne Thursday.Aluminium will finding strong support at Rs. 108 per kg and Rs. 107.5 per kg and resistance at Rs. 109.2 per kg and Rs. 109.5 per kg on Friday, 8th June.

MCX Lead trend :- Battery material Lead for delivery in June 2012 snapped earlier gains and shed by 0.2% or Rs. 0.2 at Rs. 105.85 per kg with its intraday high at Rs. 106.65 per kg and low at Rs.105.15 per kg on yesterday.Today MCX Lead is likely to find support at Rs. 105.3 per kg and Rs. 104.9 per kg and resistance at Rs. 106.6 per kg and Rs. 107.4 per kg.

Crude Oil trend :- Crude oil futures tumbled below $83 a barrel with cut in the interest rates by china making the oil traders more concerned about demand.MCX June crude may open today's session below Rs. 4700 with support around Rs.4640 , Rs. 4600 and Rs. 4540 levels.

Cardamom trend today : Cardamom prices are projected to extend the down trend on reports of monsoon arrivals are raising hopes for good crop. However, a small recovery on short covering can be expected during early trading hours which might create further selling opportunity in prices.

MCX Tips For Today 8 June :- Silver prices rise in till Rs 55,600-55,700 per kilogram should be used as selling opportunities with a stop loss to be placed at Rs 56,300 per kilogram for the downside target of Rs 54,700 per kilogram and below that Rs 54,300 per kilogram.

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