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Friday, March 4, 2011

Market News today for Bullions and Crude oil


Intraday Buy Call
Buy Crude Oil At  4652-4655  SL 4620  Target  4680-4700

Due to political crisis in middle east , by which weak USD and global inflation
worries lifted bullion prices Recent monts.Gold is to be well supported on investment demand . In Gold prices expect msome currection from this lavel.
Silver prices have reached by 90% in last months. Compare to silver gold rise 20% during the same period and in comming few months silver will give better return compare to gold.
Gold future fell by more than 1% on COMEX on 3 march 2011 and also silver prices fell by same.
At MCX, India's largest commodity bourse, Gold April futures settled slightly down on Thursday at Rs. 20858 per ten grams against previous day’s close of 21152 down by 294 rupees.

Support for MCX Gold Apr contract is seen at 20600 and below it; prices can test 20300, while the resistance levels are 21100 and 21400 respectively.
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Today's Market Report on Metals,Energy,Agri Commodity,Gainers/losers

Metals News Today(3march2011):
Nickel April 11 contract was up by 1.35% to Rs 1,310.20 per kg, zinc mini March 11 contract was up by 1.03% to Rs 113.10 per kg, zinc March 11 contract was up by 1.03% to Rs 113.10 per kg, lead mini March 11 contract was up by 1.30% to Rs 117.30 per kg, lead March 11 contract was up by 1.29% to Rs 117.35 per kg, alumini March 11 contract was up by 0.52% to Rs 117.00 per kg, aluminium March 11 contract was up by 0.47% to Rs 116.95 per kg, copper April 11 contract was up by 0.43% to Rs 451.25 per kg while iron Ore March 11 contract was down by 3.95% to Rs 7,291 per DMT.

Energy Reports:

Crude oil March 11 contract was up by 0.31% to Rs 4,595 per barrel, BRcrudeoil March 11 contract was up by 3.41% to Rs 5,274 per BBL and natural gas May 11 contract was up by 1.15% to Rs 185.30 per MMBTU.

Agri commodities Analysis News:

Refsoyoil April 11 contract was up by 0.27% to Rs 642.45 per 10 kgs, CPO May 11 contract was up by 0.85% to Rs 548.30 per 10 kgs, cardamom May 11 contract was up 1.51% to Rs 11,52.70 per kg, kapas April 11 contract was up by 0.33% to Rs 1,186.70 per 20 kgs while potatotrwr May 11 contract was down by 3.57% to Rs 602.40 per 100 kgs, potato May 11 contract was down by 3.92% to Rs 720.80 per 100 kgs, sugar May 11 contract was down by 1.18% to Rs 2,940 per 100 kgs and menthe oil May 11 contract was down by 1.00% to Rs 1,017.20 per kg.

Gainers/ losers:

BRCrudeoil March 11 contract was up by 3.41% to Rs 5,274 per BBL while Ironore March 11 contract was down by 3.95% to Rs 7,291 per DMT.
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