Mcx gold, silver and base metal tips for 31/10/2014

Mcx commodity market is trading down side from the morning , Both precious metal traded down more than 2% .MCX GOLD December contract was trading at Rs 26100down Rs 488, or 1.89%. Mcx gold touched intraday high of 26590 and intraday lows of 25996. While MCX silver December contract was trading at Rs 35716 down Rs 888, or 2.23%. It touched intraday high of 36431 and the intraday low of 35519. On the other hand, the rupee today strengthened against the dollar, gold and silver prices in mcxmarkets has had a double pressure.

If we talk about base metal continue is in perfect uptrend today, aluminium, copper, zinc, lead and nickel traded upside in eevning session.

Mcx copper sell below 420 target 413 stoploss 423.5

mcx gold sell above 26300 target 25850 stoploss 26425

Mcx commodity market evening updates 17 october | crude oil up today

Mcx commodity market is in under pressure, Mcx precious metal traded down side.  The rupee today is a little stronger in the domestic market. MCX gold is flat and seems to Rs 27 450, while silver slipped 0.2%  to Rs 38800.

Is enormous volatility in base metals. Copper is the pressure, while nickel has also declined. All other metals are traded under pressure. Indeed, China's economy is not getting clear about the picture.

After the heavy decline Mcx crude oil is trading positive side, Crude oil has turned the trick today. October future  is trading at 5176 with up side 1.31%. crude oil made a high of 5199 and intraday low of 5085 .

27/08/13 Today Rupees made new life low of 66.08|| intraday gold silver tips for today for evening trading

On Tuesday at Interbank foreign exchange, Rupees fall by 177 paise against US dollar to 66.07 per dollar, rupees continue falling against strong US currency due to increment in Dollar demand from banker and persistent capital outflow.

Due to weak currency Indian share market are fall in negative side , today SENSEX fall by -554.86 to 18003.27 while NIFTY fall by -177.05 to 5299.45 on day trading.

But declination in Rupees support yellow metal to jump in market, on intraday trading gold prices for future delivery jump by more than 3% and touch an intraday high of 32933 per 10 gram. More increment are looking on day trading and expected to crosses the new record of 33000 and more in upcoming session. While silver prices again show the level of 55000 per kg at MCX after a long time. Silver prices for future delivery look more high on evening trade and expected to cross 56000 on today trade.

BUY GOLD OCT ABOVE 32750 TGT 32850, 32940,33050 STOPLOSS 32600

BUY SILVER SEP ABOVE 55300 TGT 55400, 55550, 55700 STOPLOSS 54950

BUY CRUDE OIL SEP ABOVE 7000 TGT 7015, 7030, 7050 STOPLOSS 6950

BUY NICKEL AUGUST ABOVE 942 TGT 945, 948, 952 STOPLOSS 933