Tuesday, 10 April 2012

Mcx Today Tips

Today Mcx Gold: Spot precious gold costs exchanged higher by 0.2 % on Tuesday on the back of China's blowing up data which motivated inflation-led demand for precious metal. Additionally, weak point in the US dollar also served as a encouraging factor for the gold costs. Silver moved an intraday great of $ 1648.50/oz and shut at $ 1640.80/oz on Wednesday. On the multi commodity exchange, gold may contract increased around 0.9 % on account of devaluation in the rupees and moved an intraday great of Rs. 28,390/10 gms. The gold shut its trading time at 28,329/10 gms on Wednesday.
Strategy
Best Planning is to buy around Rs.27650 with a stop loss of Rs.27360 and keep a target of Rs. 28940

Silver: Spot silver costs dropped around 0.7 % on Tuesday on the back of dim sentiments in international market. However, weakness in the dollars catalog cushioning distinct dropped in the silver costs. Silver moved an intraday below of $ 31.29/oz and finished its trading time at $ 31.6/oz last day. MCX Silver May agreement dropped a little bit by 0.1 % and moved an intra-day low of Rs. 55,605/kg.
Strategy
Sell below Rs55800 levels with a stop loss Rs.56400 and targets of Rs.57240

Copper costs dropped by Rs 2/kg in the local copper market today due to lower market in india.
Other materials such as lead and nickel, however, resolved at past levels.
Trading feeling turned bearish as copper in Chinese suppliers dropped after customer costs in the biggest base materials user improved more than prediction last month, enhancing rumours that the govt may not add further incitement.
Strategy
Copper cost support at Rs429, can buy around Rs.425 with a stop loss below Rs.421

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