Thursday 27 December 2012

MCX Commodity Tips for The Day : 27/12/12


Bullion: 
Gold prices are expected to trade within the range from Rs 30500 to Rs 30800. Trend for the day is likely to be sideways to down. One can initiate a sell around Rs 30700-30720.
Silver prices are expected to trade within the range from 57200 to 57900. For intraday if holds 57300 one can buy for intraday with a stop loss below 57200.

Metal:
Copper prices are expected to trade within a range from 443 to 436. One can trade within the range with a negative bias with a stop loss above 445. We expect selling pressure to around 441-442.
Nickel prices are expected to trade within a range from 940 to 962. One can buy around 950 with a stop loss below 942.
Lead prices are expected to trade within the range from 127.50 to 125 one can trade within the range with a positive bias. Fresh buying above 127.50.

Energy:
Crude price are likely to remain supportive any dip around 4950 -4940 should be a buying opportunity. One can add fresh long above 5000 on closing basis.


1 comment:

  1. Commodity market updates given here are really awesome. Epic Research has a big team for market prediction who gives best trading results.

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