Silver July contract was trading at Rs 44543 and has seen a decline of nearly 600 points so far. However the decline is being seen in silver commodity still we can see a re-bounce if silver manages to regain the level of 44650 again while in gold we can see the buying momentum above 26750 level.
Base metals are also trading in red zone. If we talk about copper, its June contract is trading below 396 after seeing a loss of 1.40 points. Inability to sustain above the level of 395 can put more selling pressure and copper can decline further to 394-393.50 level. Buying is advocated above 101.30 in Zinc futures with a strict stop-loss of 99.20 and a target set of 103-104.50 level.
Showing posts with label MCX Commodity Tips. Show all posts
Showing posts with label MCX Commodity Tips. Show all posts
Gold Silver Reports- MCX Bullion Tips
The breakout above 22300 and short term and medium term averages are showing a positive trend. A short term target of 22700 could be seen in coming few sessions.
For Intraday Day Go for buy in Gold June futures around 22450-22500 Target 22550-600 Stoploss- 22360
The prices are near to the next resistance level of 58000 so a Short term rally could be seen after few fluctuations. Traders can buy Silver July futures on dip around 55400-500 levels for the targets - 56200-56500 and stop-loss below 54850
For Intraday Day Go for buy in Gold June futures around 22450-22500 Target 22550-600 Stoploss- 22360
The prices are near to the next resistance level of 58000 so a Short term rally could be seen after few fluctuations. Traders can buy Silver July futures on dip around 55400-500 levels for the targets - 56200-56500 and stop-loss below 54850
