Tuesday, 25 March 2014

Bullion metals continue down fall cause of strong rupee

Today mcx gold slip down at 29000 level as well as comax gold traded was $1310 below, silver was traded below 43800 while low of day is 43740.
rupee one of the most factor to decrease bullion prices last one week,today rupee strong than dollar above 0.30 paise at 60.48 .

last one weak down fall seen on both precious metal , while copper ,nickel and aluminium look in green sign, crudeoil traded upeer range above 6085.
gold trend update: today open above 29110 and high of day is 29260 and low of day is 29022, so up side trend is 29300,29450 and down side 28500.
silver trend update: silver upside trend 44250 if break then 44500 and down side 43650 if break then 43400 should be touch.
Copper trend: base metal copper look uptrend today if break 405 then 408 and down side if break 398 then 395 should be touch.
Nickel trend update: nickel open at 982.5 and down side 975.3 and upside 988 today, now traded above 985.5 ,today should be 993 upside and 970 down side.
Evening calls:
buy gold 29030 target 29130,29180,29250 stoploss 28850
buy silver 43850 target 44100,44250 stoploss 43500
buy copper 402 target 404,406,408 stoploss 398
buy nickel above 984 target 990,995 stoploss 978

1 comment:

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