Wednesday, May 02, 2012

MCX Commodity Tips for Today, 02nd May 2012

MCX Gold Tips : Due to strong PMI numbers from US there is possibiliy of profit booking in gold prices. It will be good to short MCX Gold around 29,170 per 10 grams with Stop Loss of 29,270 per 10 grams for a target of 29,000 per 10 grams.
MCX Silver Tips : Sell MCX Silver July contract around 58,200/kg, Stop Loss of 58,800/kg and targets of 57,000/kg.
MCX Crude Tips : Due to equilibrium in the oil market in the range of 100.68-105.45 ther ewill be either sidebreak which will give a clear trend. Buy MCX Crude between 5460 per barrel and 5450 per barrel with Stop Loss of 5430 per barrel and target of 5530 and 5565 per barrel.
MCX Copper Tips : Buy MCX Copper around 446/kg and Stop Loss of 443/kg and Target of 452/kg. 
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