MCX Silver Tips

MCX SILVERMIC February contract was trading at Rs 53597.00 down Rs 17.00, or 0.03%. It touched an intraday high of Rs 54063.00 and an intraday low of Rs 52865.00. So far 97241 contracts have been traded.

MCX SILVERMIC April contract was trading at Rs 54771.00 down Rs 5.00, or 0.01%. It touched an intraday high of Rs 55245.00 and an intraday low of Rs 54107.00. So far 8724 contracts have been traded.

Gold prices rose Wednesday, as investors ditched the metal's traditional hedge, the dollar, and set out in search for riskier assets, including stocks, currencies and precious metals.

Today MCX silver jumps, resistance at Rs.56500.45-5653.20 and MCX silver gains, resistance at Rs.57268.05-57763.25

MCX GOLD February contract was trading at Rs 27646.00 down Rs 4, or 0.01%. It touched an intraday high of Rs 27654.00 and an intraday low of Rs 27605.00.

MCX SILVER March contract was trading at Rs 51303.00 up Rs 274.00, or 0.54%. It touched an intraday high of Rs 51370.00 and an intraday low of Rs 51100.00.

MCX SILVER July contract was trading at Rs 53428.00 up Rs 250.00, or 0.47%. It touched an intraday high of Rs 53428.00 and an intraday low of Rs 53389.00.

Crude prices are holding support at 4930 levels and witnessed buying interest, one can buy crude around 5020 - 5010 with a stop loss below 4945 for the target of 5110. Oscillators are suggesting a
bounce back.

Copper prices are witnessing buying interest from lower levels and prices are expected to trade positive for the day. One can buy around 418 with stop loss below 412. oscillators are expected to
trade in positive zone.

Gold prices are trading in a narrow range, however profit booking is expected around 27569 . Oscillators are suggesting flat to up move ahead.

Silver prices have ended the day by giving up all the gains in the morning session. Prices are expected to test 55100 - 54700, which should act as a support for buying with a stop loss of
53000.Oscillators are heading up.

Nickel prices witnessed profit booking as it entered the resistance zone at 1030- 1035, one can buy around 1025 -1020 with a stop loss of 990. oscillators are heading up.

MCX SILVER February contract was trading at Rs 56236.00 down Rs 252.00, or 0.47% and it touches intraday high of Rs 56748.00 and an intraday low of Rs 55161.00. Thus 41681 contracts have been traded.

MCX SILVER April contract was trading at Rs 56468.10 down Rs 229.00, or 0.40 and touched an intraday high of Rs 57935.10 and an intraday low of Rs 56361.00. So far 2662 contracts have been traded.

MCX SILVER June contract was trading at Rs 57416.00 down Rs 252.00, or 0.41.89%. It touched an intraday high of Rs 58885.00 and an intraday low of Rs 58260.00 and 86 contracts have been traded.

Commodity Tips

Yesterday finally broken resistance level... and made a high 56899. As long as hold 56063... trend is positive... and decline to buying opportunity.

GOLD Mcx August :
Costs have been merging without much route, even though for intraday we give preference to an preliminary up pushed with an immediate focus on of 29710/810 or even greater. In such a convivial image, shut below 29460 area could increase the possibility of a straight fall towards 29310/220 or even reduced towards 29110.
Intraday Trading Tips