Tuesday 4 September 2012

COMMODITY GOLD AND SILVER GROW UP


In domestic market, commodity market rise up after one week and now all trades are showing positively and gaining profit today. MCX Gold gain 72 points and currently traded on Rs 31355 per 10gm. While silver gain heavy profit of 331 points and traded on 60050. On the other side, other commodities are in favor of profit and gaining points. Currently Aluminium and Copper are traded on 107.3 and 429.9 with 0.9 and 0.25 points gained. And other commodities like crude oil, Nickel, Lead and Zinc are also in profit and traded on 5400, 906.7, 111 and 104.1 with 10, 2.4, 0.85 and 0.7 points gained respectively.
On the other hand MCX GOLD future is traded on 31318 with 110 points profit in September contract and in October contract; MCX GOLD is traded 31376 Rs/10gm with 97 points profit. While MCX silver future, in September contract, is traded with 411 points profit & currently traded on 60130 Rs/kg and in December contract, traded on 61773 Rs/kg with 411 points gained profit. 

BUY MCX Silver with in September future Contract above 60030, targets 60080, 60130 and Stop Loss 59955.
Sell Gold below 31340 targets 31325, 31310 Stop Loss 31360
Buy Crude@ 5400-5405 sell below-5380 Targets- 5420, 5430, 5440


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