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Tuesday, December 20, 2011

MCX Commodity News and Trading Updates for Today

Positive cues from the international market led commodities in domestic market to trade higher. After successfully crossing 27800 level today, Gold is now heading towards 27900-28000 level. A concrete trade above the same will invite further gain in MCX Gold.
Silver is in Intraday bull trend and has gained almost 1%. Trading above 53500 and targeting 53800-5400 would be feasible for day traders.
Today.Nickel can be a best option to trade in. This base metal is likely to cross 1000 level easily. So one can go for long in MCX Nickel also.
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