Today on MCX some variation had seen firstly silver down by more than 200 point on for March contract from its last close position. Today movement in silver is looking very volatile and it’s better to hold position for medium short term. Resistance for silver is 58400 with a support level of 57200.
Buy silver above 58550 tgt 58600, 58650…58700………….sl 58400
Buy gold above 30625 tgt 30650, 30680, 30750..sl 30500
In intraday trading cotton is moving with a positive flag and recovering from morning little red show.
Intraday commodity tips
Buy cotton above 17060 tgt 17080, 17100, 17125………….sl 17000
Buy crude oil above 5237 tgt 5245, 5255, 5270…..sl 5210
Buy natural gas above 178 tgt 178.50, 179,180………….sl 176
Buy nickel above 982.50 tgt 984, 988, 995………sl 970
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