Sandeep Verma

Thursday, May 10, 2012

MCX Gold, Silver & Zinc Tips for Today 10th May 2012

MCX Gold & MCX Silver are trending lower in todays trading session due to concerns of Greece future to the major player in the market globally.
MCX Gold Tips : MCX Gold June contract trading at 2842. MCX Gold June Support 28620/28511, Resistance 28786/ 28894.
MCX Silver Tips : MCX Silver has broken major levels of 55,000/kg and now can touch levels of around 53,100/kg in the near term . If the prices rises till 54,800 or 55,000/kg then it can be selling opportunities for traders and should use stop loss of 55,300/kg on higher side for down side target of 54,000/kg and below that 53,100 in the near term.
MCX Silver July Support 54910/54494, Resistance 55542/55924.
MCX Zinc Tips : Buy MCX Zinc June contract around 103.50/kg levels, Stop Loss around 102/kg for target of 105.50/kg.

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The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended.The author will not be held responsible for any loss incurred by following the advice.