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Tuesday, April 19, 2011

MCX Bullion market Tips and Calls for today intraday


 MCX Intraday Call For Today only
Gold (June ): Buy - 21 750, Stoploss - 21 660 and Target - 21900
Silver (May ): Buy - 63 260, Stoploss - 62 880 and the target - 64,000

Gold and silver have continued to make records. 65 500 kg silver rupees in Mumbai have been over. While gold is trading at record levels of Rs 21 700. However, trading in the futures market is a bit sluggish. But COMEX $ 1500 per ounce on gold has been very close. Why Silver Continues  high Levels
Gold and Silver prices could rise further on renewed safe haven demand because of sovereign debt issue escalate and also S&P has revised its outlook on US sovereign debt to negative. But, Gold prices need to cross 1500 psychological level and should be able to sustain above it for next upward rally.
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