MCX
Gold Trend : MCX Gold Futures hit lowest level in six weeks attracting physical
traders. MCX Gold June contract hits Rs. 27,885 lower since 4th
April. MCX Gold has seen decline of 2.5% so far this week. Global
gold declined to weakest level since December after turmoil in Greece
political arena which prompts investors to cut exposures to yellow
metal. Due to weaker rupee traders are not sure of buying gold. The
rupee plays a crucial role in determining cost of dollar quoted
yellow metal.
MCX
Silver Tips, Nickel Tips
-Buy
MCX Silver between Rs 52270-52230, stop loss below Rs 52000, Target
at Rs
52600 and 52750
52600 and 52750
-Buy
Nickel at CMP Rs. 925.8 Stop Loss Rs. 920 Target Rs. 931-932.
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