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Friday, March 11, 2011

Evening Call |MCX Tips For Today Evening Round Up, MCX commodity Spot market News OF 11 March 2011 at Evening

Gold: Sell - 20840-20870, Stoploss - 21 010, Target - 20634

Silver: Sell - 52170-52160, Stoploss - 52 600, Target - 51900

MCX silver (Apr Futures): Sell - 52175, Stoploss - 52 560, Target - 51910

Market Analysis
Metal base in Japan is looking at the impact of the earthquake.Most trading in Copper Today . Copper is a decline of 2 per cent. About 2.5 per cent decline in lead.
Nickel has been a decline in most of the business week. However, aluminum has showed a decline of only 4 per cent.
Gold and silver is traded on the edge. On MCX, gold and silver boom of nearly half a cent. However, in the spot market gold and silver declined.
Gold and silver ratio
Gold and ratio is averaged 60:1 over the past 35 years its means is that when 60 ounces to buy of silver here only 1 ounce buy of gold.
Gold silver ratio broken 40x this week only. When gold and silver is declined it is seen as bullish for metals.

Gram is the sharp decline in agri-commodities. Guar gum has also declined by 2 per cent.
Crude oil has come under $ 103. However Naics buying at lower levels in the crude oil has seen. Comacs While the decline in gold and silver is trading.
Sugar companies have started the cash-strapped. Sugar prices are constantly falling and companies more sense is to sugarcane farmers. So if the government did not immediately discount the Chinese Export Chinese companies to further the price of sugarcane farmers will be difficult.
Japan news on 11 march 2011
THE 7.3 magnitude earthquake that hit the northeastern part of Japan yesterday had thankfully spared the members of the Philippine Azkals, who are there to train for their upcoming game against Mongolia in their home-and-away series for the Asian Football Confederation Challenge Cup.
In an overseas interview, team manager Dan Stephen Palami assured the team’s loved ones and followers that the team is safe and that the earthquake happened several miles away from where they are currently stationed.
The quake struck at around 11:45 a.m. yesterday while the Azkals were practicing at the artificial turf of a Japan Football Association facility in Gotemba City, located in the Shizuoka Prefecture.
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mcx tips for today | MCX Support and Resistance for today | base metals, bullion tips for 11 march 2011

Market Analysis for Today

Gold falls 1.5 pct as oil, equity markets tumble .
Copper falls on demand concerns .
U.S. jobless claims rise 26,000 last week .
U.S. dollar index up versus Euro.
Base metals tumbles on Thursday .
Oil falls and made new low of 100.5$ .
Gold lost 1.5 percent on Thursday, set to post its biggest one-day loss in about six .
weeks, as investors sold bullion to cover hefty losses in equity and other commodity .
markets. Copper fell on Thursday after weak Chinese import data cast doubt on .
demand from the world's top consumer of the metal and data showed jobless claims in .
the United States rose more than expected. 
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