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Tuesday, April 19, 2011

MCX Bullion Intraday Calls For Today

Sell Silver May Below 63450 Target 63350 Stoploss 63570
Sell Gold June below 21750 target 21710 Stoploss 21800

Mcx Copper and Crude oil tips

Copper prices were showing fewer sparks on Tuesday's trades. MCX Copper for near month was trading at Rs 415.50 per kg.

The Copper markets will be in deficit as per the latest report from International Copper Study Group (ICSG). The group expected markets of Copper to remain in deficit of 380000 tonnes in 2011.

 Crude oil slipped today after a ferocious slide in the last session as weakness in equities and firm undertone in the US dollar. 
 MCX Basemetals Trading tips

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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MCX Silver and Gold tips and Market prediction for Silver

Gold hits record near $1,500/oz.
Silver hits another high above 43.40$.
Copper fell to a one-month low on Monday.
LME copper stocks last up 1,350 tonnes.
Gold prices rallied to record highs near $1,500 an ounce on Monday after rating agency Standard & Poor's cut its outlook for the United States to negative from stable, boosting safe-haven flows into the metal. Copper extended its losses on Monday, on track for its sixth straight fall, after rating agency Standard & Poor's revised its outlook on the United States, the world's largest economy, to negative.
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Silver Will Reach 7500 Read More:-
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