MCX Expert Tips

Gold Highlights ---
Increasing wants further financial reducing from the US Government Source in addition to weak point in the US dollar index led gold costs to trade higher in the worldwide markets today. In addition to this, rising crude oil costs also enhanced the inflation-led demand for gold which reinforced further benefit in costs. Decline in the Indian Rupee led MCX Gold Oct agreement to rise and hit its all time high of Rs.31,090/10 gms.

Silver Highlights ---
Spot silver increased around 0.6 % until 2.40 pm IST t yesterday mainly taking hints from rise in gold prices and a sluggish dollar index. However, combined market emotions to cap it distinct profits. The steel hit an intra-day great of $31.25/oz and was hanging around $30.95/oz until 2.40 pm IST. However, Rupee decline led MCX Silver Sept agreement to increase more than 1 % and touch an intra-day great of Rs.58,444/kg until 2.40 pm IST yesterday. Holdings in the iShares Silver Trust, the biggest silver-backed etf, decreased by 0.9 % to 9821.80 lots on Twenty fourth Aug 2012 as against 9732.31 lots on Seventeenth Aug 2012.

MCX GOLD : -
Sell          30570,
Stop loss     30630,
Target         30510.

MCX SILVER : -
Sell         56200,
Stop loss     56500,
Target         56100.

MCX COPPER : -
Sell below     423.50,
Stop loss     425.50,
Target         421.50.

MCX CRUDE OIL : -
Sell          5400,
Stop loss     5430,
Target         5360.

Gold :---
On weekly basis, Spot costs of Gold thrown between gains and losses and settled 0.1 % lower on Friday.  The gold touched a weekly low of $1,589.69/oz and closed at $1,615.3/oz on Friday.  In the domestic market gold costs improved 0.4 % in the the other day.  Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, improved by 1.32 % and stood at 1274.739 lots till Aug 17, 2012 as against 1258.15 lots in weeks time ended Aug 10, 2012.
Points that influenced gold prices :—
1.    Strength in the US Dollar Index (DX).
2.    Weak economic data from the China.
Expectation of incitement measures from the major countries which shock absorbing sharp fall in the prices and positive declaration by the In in german Chancellor Angela Merkel backing European Central Bank’s conditional plan of bond buying.
Spot Gold : Support 1610/1594 Resistance 1631/1647. (CMP: 1621.26)  Buy MCX Gold October between 30,080-30,060, SL-30,000, Target - 30,250/30,350 (CMP : 30200 ).

Silver :---
Spot Silver costs dropped 0.1 % in the the other day .  MCX Silver increased 0.2 % in the the other day due to decline in the Indian rupee. The white metal moved a every week low of $27.5/oz and shut at $28.05/oz while in the domestic industry MCX silver costs shut at Rs.53,610/kg after in contact with a high Rs.53,890/kg. Mixed global industry emotions. Benefit in the base materials shock absorbing sharp fall. While strength in the DX applied downside pressure.
Factors that influenced copper prices :----
1.    Mixed international market emotions. Benefit in the platform materials shock absorbing distinct fall. While strength in the DX applied disadvantage pressure.
2.     However, anticipations of incitement actions along with good declaration from the In in german chancellor to back connection purchasing plan of the ECB reinforced an benefit in the costs towards the end of the week.
Buy MCX Silver September between 53,350-53,300, SL-52,900, Target - 54,230.(CMP: 54624) Spot Silver : Support 27.82/27.58 Resistance 28.43/28.81 (CMP: 28.80)

GOLD  - OCT -
MCX Gold Oct a week ago after created a reasonable assistance 29754 lastly created a high 30072 and handled to close above 30000 indicate, which indicate short-term upside.
For this week: Consider assistance 29900, trading continually below... disadvantage focus on... thereafter more disadvantage. Higher-level level of resistance is 30300-30400 watch out. As per per month data, final assistance quit.

SILVER  - SEP -
MCX Silver September. open with flate note but created a low 53032 and lastly cross-over their level of level of resistance 53623 and created a high 53733 and shut below 53483.
For this week: Consider Pattern decider 53423 and assistance 53000, crack and business below... it will take assistance... thereafter more disadvantage higher-level stage of resistance 54000 observe out.

COPPER  - AUGUST -
Last week it was described in this pillar that below 424 promoting chance and lastly created a low 411.70 and lastly created shut at 415.09.
For this week: We may consider resistnce 417-420 and 424, cross-over it will display durability, disadvantage last as finall assistance quit thereafter no cost drop up to 380 mark.

NICKEL – AUGUST -
MCX Aug Nickel lastly damaged their assistance level 900 and 870 and made a low 945 as described the other day as long as below 900 keep give preference to to continue.
For this week: In this consider stage of resistance 870-880 variety and assistance 840 crack and business below further weak point, higher-level untill or unless it will not combination 900-920 with amount and included start attention do not think to long-side.

GOLD mini Mcx Sep : -
Technical Levels
R3     30060/30120
R2     29880/30000
R1     29840
Pivot     29760
S1     29670/610
S2     29560/500
S3     29420/360

SILVER Mcx Aug : -
Technical Levels
R3     55100-200
R2     54400/54800
R1     53700/53800
Pivot     53300
S1     53000-52600
S2     52100-51100
S3     50600/49600

COPPER Mcx Aug : -
Technical Levels
R3     426
R2     423/424
R1     418-419
Pivot     415
S1     413/411
S2     410.60/408.70
S3     406.90

CRUDEOIL Mcx Aug : -
Technical Commentary
Technical Levels
R3     5300/5270
R2     5240/5210
R1     5180
Pivot     5150
S1     5080/5050/5000
S2     4970/4940
S3     4920/4870

NATURAL GAS Mcx Aug : -
Technical Levels
R3     182/187
R2     172/175/170
R1     165/167/171
Pivot     162
S1     158/155/151
S2     151-47
S3     146/144

GOLD Mcx Sep : - Costs have been dealing with a recovery method. Even though for intraday, to create sure this declaration prices still need create strong deals above 29840 area for an up pushed towards 29910/30000 or even more. On the other part, 29670 area could be an early indication of fresh selling towards 29610/560 or even more towards 29400.

SILVER Mcx Aug : - As long as costs remain above 53400-53500 area anticipate a immediate  increase towards 53800 followed by 54400 stages. Surprising offer off below 53300 could take costs reduced but such  Goes are least predicted the day.

COPPER Mcx Aug : - Existing technical formation is not much amazing for significant rallies or liquidation. For the day too we anticipate a uneven dealing period inside 420-415 stages with light adverse bias.

CRUDEOIL Mcx Aug : - As long as 5120 region maintains the disadvantage level, costs look threatening in support of bulls towards 5200/5220. Above 5220 could focus on costs purpose of 5240/5270. On the opposite, a crack of 5120-20 could see costs solving towards 5070/5030-20 levels.

NATURAL GAS Mcx Aug : - Observing selling bias could continue to persist only below 158 area and such goes may find assistance at 156 first of all then at 152 area. Meanwhile, lack of ability to business below 158 area could produce intraday purchasing attention towards 162/166. But, significant rallies seen only above 166 region.

GOLDPETAL costs on MCX were dealing smooth. At 16:02 hrs MCX GOLDPETAL Aug agreement was dealing at Rs 2987.00 up Rs 3.00, or 0.11%. The GOLDPETAL amount shifted an intraday great of Rs 2991.00 and an intraday low of Rs 2986.00. So far 13454 agreements have been exchanged. GOLDPETAL costs have shifted up Rs 47.00, or 1.62% in the Aug sequence so far.

At 16:02 hrs MCX GOLDPETAL Sept agreement was dealing at Rs 3004.00 the same. The GOLDPETAL amount shifted an intraday great of Rs 3011.00 and an intraday low of Rs 3005.00. So far 7312 agreements have been exchanged. GOLDPETAL costs have shifted up Rs 6.00, or 0.16% in the Sept sequence so far.

At 16:02 hrs MCX GOLDPETAL Oct agreement was dealing at Rs 3021.00 the same. The GOLDPETAL amount shifted an intraday great of Rs 3025.00 and an intraday low of Rs 3021.00. So far 278 agreements have been exchanged. GOLDPETAL costs have shifted down Rs 17.00, or 0.58% in the Oct sequence so far.

Indian base materials costs can face another circular of dull start on Monday due to affordable costs on London metal Exchange amid slow physical demand and weak economic indicators from China, the U.S. and the euro zone. The markets will be looking forward to non town pay-roll numbers that can act as a induce for the metals. LME Copper was again trading below its last day ending rates. The metal was seen at $ 7347 per tonne, as against $ 7393 per tonne on Monday.

The objectives from Fed were not met once again as the company provided no symptoms for fresh incitement. The fall in PMI of Chinese suppliers previously this week already reduced the assurance of metals. Chinese suppliers formal Purchase Manager's Catalog (PMI) dropped to a eight 30 days low of 50.2 in July compared to 50.1 in the 30 days of June. Western organization Eurostat said that 17 country Dollar area lack of employment was standing at 11.2% in May. Native indian Birdwatcher is likely to start below Rs 410 per kg on MCX, that will start in a few minutes. MCX Copper shut at Rs 411.5 per kg on 2 Aug 2012, down 1.1%. MCX Dime shut at Rs 870 per kg, down 1%.

MCX GOLD
International: Major Support at USD1540. Bullish till USD1615.
Domestic: Buy above 30020, Stop loss 29940, Target 30110.

MCX SILVER
International: Major Support at USD26. Bullish above USD28.
Domestic: Buy above 53000, Stop loss 52700, Target 53300.

MCX COPPER
Domestic: Buy above 412.50, Stop loss 410, Target 415.

MCX CRUDE OIL
International: Major Support for WTI at USD82 Bullish above USD 90
Domestic: Buy above 4940, Stop loss 4910, Target 4970.

GOLD Mcx Sep : -
Present increase move in costs may not be achieved as long as if hats the benefit hurdle of 30030 area and such ruined goes may find support at 29850/800 or even reduced to 29750. Anyhow crack above 30020 area could increase fresh buying towards 30110/30250.

SILVER Mcx Aug : -
The reactionary jump from 53100 region has overshadowed the keep efforts. But on later period present short protecting move may be limited until it combination above 53500 region and such unsuccessful goes could flow lower towards the assistance of 53100/52600. Successful deals above 53500 region could range up costs with a calculated purpose of 53800/54200.

COPPER Mcx Aug : -
Even though wide pattern is bearish, expect a short protecting move if prices cannot cut below 414 and such goes may test the benefit area of 417/420. On the other side, stable deals below 414 could encourage fresh selling pressure towards 412/410.

CRUDE OIL Mcx  Aug : -
Beginning deals are required to be northbound with a restricted focus on of 5010 initially. Further clean rallies will be activates only a strong crack out of 5020 area that could focus on 5060 then to 5100. Nevertheless, did not crack above 5030 area could sell clean purchasing and find support at 4950/4910 or even lower to 4870 region.

GOLD Mcx Sep : -
Technical Levels    
R3     30500
R2     30310/460
R1     300160/30230
Pivot     30060
S1     29980/870
S2     29760
S3     29630/29540

SILVER Mcx Aug : -
Technical Levels
R3     55600/56200
R2     55100-200
R1     54400/54800
Pivot     53700
S1     53400
S2     52600-52100
S3     51100/49600

COPPER  Mcx  Aug : -
Technical Levels
R3     429.20/430
R2     426.10/427
R1     424
Pivot     421.90
S1     420/417.9
S2     417.40/415
S3     412/410

CRUDEOIL Mcx  Aug : -
Technical Levels
R3     5220/5170
R2     5140/5105
R1     5060/5035
Pivot     4960
S1     4930/4880
S2     4845
S3     4815/4760

MCX GOLD : -
Buy at 29700, Stop loss 29630, Target 29780.

MCX SILVER : -
Buy at 53200, Stop loss 53100, Target 53500.

MCX COPPER : -
Buy at 421.50, Stop loss 417.50, Target 421.50.

MCX LEAD : -
Sell below 104.50, Stop loss 105 Target 104.

MCX ZINC : -
Sell at 100.70, Stop loss 101.90, Target 100.80.

MCX ALUMINIUM : -
Sell at 102.40, Stop loss 103, Target 102.

MCX NICKEL : -
Sell below 882, Stop loss 888, Target 876.

MCX CRUDE OIL : -
Buy above 4995, Stop loss 4960, Target 5010. Else
Sell below 4960, Stop loss 4995, Target 4950.

MCX NATURAL GAS : -
Sell at 171, Stop loss 173, Target 172.

MCX GOLD : -
Buy above 28820, Stop loss 28770, Target 28910.

MCX SILVER : -
Buy at 53510, Stop loss 53310, Target 53810.

MCX COPPER : -
Buy at 420, Stop loss 418, Target 422.

MCX LEAD : -
Buy at 103.90, Stop loss 103.40, Target 104.80.

MCX ZINC : -
Buy at 102, Stop loss 100.30, Target 102.40.

MCX ALUMINIUM : -
Buy at 102.90, Stop loss 102.90, Target 103.70.

MCX NICKEL : -
Buy at 870, Stop loss 883, Target 895.

MCX CRUDE OIL : -
Buy at 5010, Stop loss 4980, Target 5020.

MCX NATURAL GAS : -
Buy above 171.90, Stop loss 168.70, Target 174.

According to our technical analyst GOLDGUINEA costs on MCX were dealing smooth. At 16:03 hrs MCX GOLDGUINEA July agreement was dealing at Rs 23538.00 down Rs 17.00, or 0.06%. The GOLDGUINEA amount shifted an intraday great of Rs 23540.00 and an intraday low of Rs 23518.00. GOLDGUINEA costs have shifted up Rs 147.00, or 0.61% in the July sequence so far.

MCX GOLDGUINEA Aug agreement was dealing at Rs 23728.00 down Rs 18.00, or 0.07%. The GOLDGUINEA amount shifted an intraday great of Rs 23757.00 and an intraday low of Rs 23713.00. GOLDGUINEA costs have shifted up Rs 245.00, or 1.05% in the Aug sequence so far.

MCX GOLDGUINEA Sept agreement was dealing at Rs 23870.00 down Rs 11.00, or 0.04%. The GOLDGUINEA amount shifted an intraday great of Rs 23871.00 and an intraday low of Rs 23840.00. GOLDGUINEA costs have shifted down Rs 126.00, or 0.51% in the Sept sequence so far.

Gold : -
Spot costs of Gold dropped by 0.3 percent in the last week on the back of durability in the Dollar Index (DX) in addition to adverse market sentiments in the international economic climate. The gold moved a low of $1,564.34/oz and shut at $1581.3/oz in last trading period of the weeks time. However, in the domestic markets MCX Gold Aug agreement resolved around same levels as that of past weeks time. Devaluation in the Idian rupee led MCX Gold costs to close on a positive observe at Rs.29,275/10 gms after in contact with a high of Rs.29,360/10 gms during the week.

Silver : -
Spot costs of Silver resolved at the same levels as that of past weeks time. However, distinct rise in the Silver costs was to cap it monitoring bearishness in the gold and base metals costs along with strength in the DX. The white steel moved a every week great of $27.58/oz and shut at $27.1/oz on Friday. On the Domestic front costs devaluation in the Native indian Rupee led MCX Silver to negotiate 0.1 percent higher in the weeks time after in contact with a higher of Rs.53,210/kg.

Crude Oil : -
On the every week base, Nymex Crude oil costs improved around 5 percent taking hints from supply issues from Iran and increasing Middle East stress, decrease in US Crude oil selections along with cut in periodic development from the Organization of Petroleum Exporting Countries (OPEC). However, further benefit in costs was to cap it on theback of durability in the DX.

SILVER – SEPT -
MCX July price last week lastly damaged significant support level 53400 and created a low 52220 and lastly created a shut at 52740.
For this week : Small trading range and support 52100 then 51100 , level of resistance 53400-54100 decisively cross-over with amount and included open interest temporary up side. Major Resistance 56100.

GOLD – AUGUST -
MCX Gold aug as seen in a week ago made a high 29678 later costs dropped considerably towards 29161, which is near to powerful assistance level and lastly handled to shut at 29263.
For this week: We expect in this week Gold price find assistance 29000 and decisively crack below further promoting towards 28751 then 28500 advanced level level of resistance 29500-29600 observe out thereafter more benefit. Major level of resistance 30400 keep in mind.

COPPER  - JULY  -
The other day it was a small trading range between 426 to 413 variety and found some support at lower level.
For this week: We may consider level of resistance 430-434 variety and support 416-418 then 408-411, thereafter anxiety promoting up to 400 likely. Continual above  it will shift towards 450 plus.

CRUDE – JULY -
MCX Crude July price seen sensible restoration from last week and ongoing to follow up, buying led to it making a higher 4816 and lastly handled to close at every week great showing ready to clean up-move.
For this week: We may consider level of resistance 4800-4810, thereafter... more benefit, downside support 4710-4720 and continual below disadvantage may analyze 4640, thereafter sign that move over and be get ready for big fall.

"Today MCX Commodity Tips"
GOLD Mcx Aug : -
Technical Levels
R3     29750/29830
R2     29550/29680
R1    29410/470
Pivot     29320
S1     29240/29150
S2    29020/28940
S3     28830/28710

SILVER Mcx Aug : -
Technical Levels
R3     55210/56310
R2     54100/54700
R1     53100/53600
Pivot     52700
S1     52200-52100
S2     51100/49600
S3     48400/45500

COPPER Mcx Aug: -
Technical Levels
R3     434.50/438/441
R2     432/433
R1     428/430.50
Pivot     426
S1     423/421/417
S2     411/409
S3     407/404

CRUDEOIL Mcx July : -
Technical Levels
R3     5144/5080
R2     5030
R1     4960/4920
Pivot     4820
S1     4776/4735/4705
S2     4640/4615/4575
S3     4515/4465/4365

GOLD Mcx August :-
Costs have been dealing in a limited variety without much route . Even in this difficult state, weak point could increase only below 29150 area, else keep the same for short protecting move towards 29340/29410 or even greater towards 29560. But shock drop below 29150 area may kindle clean promoting towards 29020/29870.

SILVER Mcx Aug :-
Uneven dealing inside 53100-53340 stages have been growing since the day period. For the day, while costs stay above 52710 further increase towards 53540/54100 is preferred, else would call for promoting stress towards 52100 originally followed by 49100/48500 stages later.

COPPER Ncdex/Mcx/ Aug :-
Falls likely to find support near 421 followed by a merging and flow cost greater. However, an surprising convert reduced below 420 would hole our intraday favorable objectives and take costs lower.

NICKEL Mcx July :-
The turn around experienced from 894 likely to boost towards 901 originally, which if eliminated could increase the emotions towards 911/917 or even more. A immediate dip below 892 would be needed to hole such objectives and move costs lower.

LEAD Mcx July :-
Prices are continuously upcoming towards good area, as it is dealing above 22 day EMA support at 103 stages. But the reactionary shift may lasts only up to 104.10 stages, where the 45 day EMA level of capacity cap it the upwards shift. However, if costs smashes the same may see a development of costs towards 103.80 followed by 105.90 stages. On the other side, not successful efforts to business above 104.80 could turn the reverse to a dealing uneven session.

CRUDEOIL Ncdex/Mcx/ July :-
After yesterday’s goes, costs are looking attractive for an benefit force if it smashes above 4814 area continually focusing on stages of 4861/4896. On the other hand, costs have to splinter past 4774 area originally to test stages of 4744/4714 and even lower towards 4684 region.

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GOLD  AUGUST -
MCX Gold Aug as seen in a week ago made a high 28837, later costs dropped dramatically towards 29446, which is near to powerful assistance level and lastly handled to shut at 296628.
For this week: We expect in this weeks time Gold cost to find assistance 29300-29400, provided that keep this stage up-move to proceed, higher-level level of resistance 29700, business and continual above it will shift towards 29800-30100.

SILVER  SEPT -
MCX July price the other day lastly split significant assistance level 54100 and made a low 51910, which indicates short-term pattern is bearish and offer on increase stratregy.
For this week: Small trading variety and assistance 52800 and level of resistance 54100-54500 observe out.

COPPER JULY -
Last week it was a small trading range between 434 to 424 range and find some support at lower level.
For this week: We expect up-move to proceed in this commoidty and deccline to purchasing chance. We may consider assistance 418-420 variety and crack and business below further weak point up to 411 whereas the purchasing chance. Higher-level stage of resistance 436-441 to look at out.

CRUDE JULY -
MCX Crude July price seen sensible recovery from a week ago and continue follow-up purchasing led to it making a high 4898 and lastly shut at 4731.
For this week: We may consider level of resistance 4910-4920 and assistance 4720 observe, once crack and business below donw part likely.

GOLD Mcx August :  -
Costs likely to shift greater originally towards 29870 area for a drawback which could originally find assistance at 29710/590 or even reduced towards 29480. But successful goes above 29870 area could raise up prices further towards 29980/30110.

SILVER Mcx Aug :  -
As long as costs stay above 54310 good prejudice preferred and likely to improve the purchasing strength towards 54810/55210 or even more for the day. A immediate drop below 53110 could negate such bullish sentiments and drag prices lower.

COPPER Ncdex/Mcx/ Aug : -
Continuous candlepower unit development is helpful for bulls but it needs to be cleaned the powerful benefit of 431.40-434 areas to continue powerful short protecting rallies. On the other hand a immediate dip below 423 would be a indication of promoting stress again.

NICKEL Mcx July : -
Initial falls if organised near 936 costs have room for a increase towards 946 followed by 953/963 stages. Constant investments below 927, emotions will be poor again.

CRUDEOIL Ncdex/Mcx/ July : -
As long as costs remain above 4820, pattern seems to be switching in support of bulls. The costs activity is likely to find preliminary level of resistance around 4910 area to improve the fluff run towards 4980-5000 area. On the in contrast, a crack below 4820 could see costs inching reduced towards 4790-45/4730 stages for the day.

NATURAL GAS Mcx July : -
Last daily strong goes determine the use of purchasing attention. But for the coming period, 164-165 area has to give way for repairing our favorable emotions towards 169/173.At the same time, unable to break the area of 165 could sell our purchasing attention and could find support at 158/155.

Gold futures dropped, as traders recommended the safe home of the dollar and treasuries after some poor economic data revealed US production industry dropped more than predicted in May, the first time in almost three years.

Demand for gold from the biggest gold customer, India, stayed bad as a recent devaluation in the rupee brought up prices for local buyers.

Gold holdings of SPDR gold believe in, the biggest ETF supported by the precious metal, dropped to 1,279.50 plenty, as on June 29.

Silver holdings of ishares silver believe in, the biggest ETF supported by the metal, dropped to 9,685.70 plenty, as on June 29.

Copper prices declined by almost 1%, in line with a weaker euro as a string of bleak global macro-economic data reignited concerns over demand for the red metal.

Copper futures for Sept. delivery closed down by almost 1% at $3.468 per pound on the COMEX of the New York Mercantile Exchange.

Crude oil prices declined after a weak manufacturing data from the United States, Europe and China reinforced concerns about slowing economic growth and its threat to demand for  etroleum & its  roducts.

Natural gas futures closed on a flat note, recovering from its earlier losses driven by moderating weather forecasts.

GOLD Mcx July : -
Existing sellng bias likely to continue to persist for the day, But we cannot guideline out the likelihood of an preliminary force towards 29530 area for a move reduced towards 29320/200 or even more. But crack above 29570 area could raise up costs towards 29670/730, which we least anticipate for the day.

SILVER Mcx Aug : -
Prices have been sailing in keep get away, which is likely to continue to persist towards 52500/52000 followed by 51700. Even in this tiresome perspective, surprising increase above 53800 area could obvious up our bearish perspective and discover level of resistance at 54100/54600 or even greater towards 55000.

COPPER Ncdex/Mcx/ Aug : -
As long as 422/423 area maintains support, anticipate a pullback towards 425.51 stages. If this area is breached a prospective focus on of 427 could be on cards. However, a drop past 422 could focus on 420/420.20.

NICKEL Mcx July : -
Costs could start a powerful pullback if continually business above 931 focusing on 937/943 stages. Otherwise, a pitfall originally towards 925 followed by 917 could be on cards.

LEAD Mcx July : -
Costs were in recovery function after it made a low of 102.30 stages on Wed, currently flying near 102 stages. These days, We predict to see a recovery, if prices crack above 102.10 stages and trying to see a focus on of 103 followed by 103.20 stages in the immediate run. But retaining above 103.20 is complicated as a result of the use of firm level of resistance is placed at that level. On the lower side, crack of 101 stages may induce a clean promoting pressure.

ZINC Mcx July : -
As we predicted last night, short protecting move was on advance. For the everyday period, we anticipate to see the same pattern to proceed until it gets to the 45 day EMA level of resistance of 103 stages. However, incapable to exceed above 104.1 may opposite the existing benefit strength and see costs to turn reduced towards 102.3 followed by 101.20 stages, which is less predicted for the day.

GOLD Mcx July : -
Adverse tendency is in advance provided that 29950 area hats the benefit for the day and such weak point may side down costs towards 29720/600 or even more towards 29470 stages. Even though in this hopeless image, a straight increase above 30010 area could adulterate our bearish perspective and analyze 30110/250 or even greater towards 30320.

SILVER Mcx Aug : -
Existing selling sentiments is probably to proceed towards 53500/53200 or even reduced towards 52500. Even in this bearish perspective, shock increase above 54400 area could concern our glum perspective and discover benefit area of 54700/55100 or even greater towards 55600.

COPPER Ncdex/Mcx/ June : -
As long as 421 area hats the benefit, everyday sentiments looks depressing and anticipate to see a reduced modification towards 414. However crack of 414 is required to induce significant promoting stress towards 411. On the other hand on the higher side, a rush above 424 would be an beginning indication of producing the next move towards 431.

NICKEL Mcx June : -
Intraday direction likely to be on the northern limited by positioning the disadvantage hurdle of 921 and such remedial goes may discover greater levels of 937/946 or even more. But strong investments below 921 could entice significant promoting stress towards 911/897.

LEAD Mcx Jun : -
Even though negative sentiments still lasts, a pullback move could observe towards 101.30 before the next bearish strength reemerges in the reverse. But it has to crack powerful assistance of 99 for significant drops to occur towards 96 followed by 94 stages in the near phrase. On the other part, a immediate increase of 104.30 is needed to observe the a cure for pattern in the near term.

ZINC Mcx Jun : -
A brief protecting move is on advance towards 102 stages, after it rebounded from 98 last night. For the day, we anticipate to see an preliminary restoration move towards 102 followed by a drop towards 101.3 then 100.2 stages. On the other part, surprising pullback above 102.7 could hole the bearish perspective in the near term.

CRUDEOIL Ncdex/Mcx/ July : -
Costs confronted a firm level of resistance at 4630 area in the last day dealing and this obstruction has to provide way for leading to clean purchasing towards 4684/4710 stages. For the day, we give preference to prices to business with bearish emotions towards a focus on of 4520/500 or even reduced towards 4470.

"Gold" costs increased by Rs 330 to Rs 30,700 per 10 gm, while "Silver" obtained Rs 1,300 to Rs 54,500 per kg in the bullion market here these days on development of need and powerful hints from the global markets.

Traders said while gold increased on appearance of buying by stores and jewelers for wedding season, silver obtained on increased offtake by business systems and coin manufacturers.

GOLDPETAL costs on MCX were dealing smooth. MCX GOLDPETAL June agreement was dealing at Rs 3020.00 down Rs 1.00, or 0.02%. The GOLDPETAL amount shifted an intraday high of Rs 3017.00 and an intraday low of Rs 3001.00. GOLDPETAL costs have shifted up Rs 80.00, or 2.71% in the June sequence so far.

SILVERMIC costs on MCX were dealing reduced. MCX SILVERMIC june agreement was dealing at Rs 53527.00 down Rs 168.00, or 0.32%. The SILVERMIC amount shifted an intraday high of Rs 53742.00 and an intraday low of Rs 53481.00. SILVERMIC costs have shifted down Rs 6471.00, or 10.78% in the June sequence so far.

MCX SILVERMIC Aug agreement was dealing at Rs 54830.00 down Rs 150.00, or 0.26%. The SILVERMIC amount shifted an intraday high of Rs 55054.00 and an intraday low of Rs 54810.00. SILVERMIC costs have shifted down Rs 7150.00, or 11.54% in the Aug sequence so far.

GOLD – AUGUST -
Moody's reduced the rankings of some of global greatest bank by one to three steps, showing the risk of failures to those financial institutions from investment market. Increasing concerns over debt disaster in the Money area and US Government Reserve's plan choices, encouraged traders to stay away from gold and desired protection in US dollar. MCX Gold Aug in the other day made a high of 30423 and low of 29762 with the ending of 29971. For the next 7 days, gold has level of resistance of 30345 and assistance of 29682 AND major support 29451.

SILVER – JULY -
The Silver July MCX at the other day stayed in the variety limited of 55192 to 52567. Silver in the the other day started out at 54271 with a high of 55192 and made a low of 52567 and shut at 52931. For this 7 days silver has a powerful level of resistance of 54561. In the disadvantage silver has the assistance level of 51932-51210.

COPPER – JUNE -
MCX Copper's failures faster after data revealed that China's HSBC Flash Purchasing Professionals Index, the first signal of the nation's industrial activity, dropped to a seven-month low of 48.2 in May from a final reading of 48.3 in May, as trade purchases stayed strongly in shrinkage. Birdwatcher Jun in the other day after in contact with the high of 424.42 made a low of 412.21 and closed at 417.32. For this 7 days Birdwatcher has a strong resistance of 423.72. In the disadvantage Copper have the support level of 411.54.

NICKEL – JUNE -
Nickel in the the other day after in contact with the great of 964 did not maintain at that level and came in the down trend. Dime Jun MCX in the other day made a higher of 963 and low of 923.20 and closed at 943.30. Dime this 7 days has a strong resistance of 964.40 and support of 922.82.

CRUDE – JULY -
MCX Crude: Crude Oil futures trading rallied after returned from an 8 month low, as Moody's bank downgrades were not as serious as market predicted. The Crude Oil July MCX in the other day started out at 4697 with a high of 4783 and low of 4474 shut at 4598. For this 7 days oil has a powerful level of resistance of 4762. In the disadvantage crude has a assistance level of 4454.

MCX SILVER July agreement was dealing at Rs 53101.00 up Rs 204.00, or 0.38%. The SILVER amount shifted an intraday great of Rs 53164.00 and an intraday low of Rs 52553.00. SILVER costs have shifted down Rs 16983.00, or 24.22% in the July series so far.

MCX SILVER Sept agreement was dealing at Rs 54400.00 up Rs 220.00, or 0.40%. The SILVER amount shifted an intraday great of Rs 54458.00 and an intraday low of Rs 53864.00. SILVER costs have shifted down Rs 5998.00, or 9.92% in the Sept sequence so far.

MCX SILVER Dec agreement was dealing at Rs 56051.00 up Rs 211.00, or 0.37%. The SILVER amount shifted an intraday great of Rs 56051.00 and an intraday low of Rs 55561.00. SILVER costs have shifted down Rs 6961.00, or 11.06% in the Dec sequence so far.

MCX GOLD Aug agreement was dealing at Rs 29996.00 up Rs 153.00, or 0.51%. The GOLD amount shifted an intraday great of Rs 30018.00 and an intraday low of Rs 29761.00. GOLD costs have shifted up Rs 236.00, or 0.81% in the Aug sequence so far.

MCX GOLD Oct agreement was dealing at Rs 30200.00 up Rs 142.00, or 0.47%. The GOLD amount shifted an intraday great of Rs 30311.00 and an intraday low of Rs 30076.00. GOLD costs have shifted up Rs 1351.00, or 4.65% in the Oct sequence so far.

MCX GOLD Dec agreement was dealing at Rs 30610.00 up Rs 131.00, or 0.43%. The GOLD amount shifted an intraday great of Rs 30610.00 and an intraday low of Rs 30371.00. GOLD costs have shifted up Rs 1300.00, or 4.42% in the Dec sequence so far.

Indian gold futures trading are likely to improve profits this week to hit a record high, on objectives of a further devaluation in the rupee and financial reducing by the US Federal Reserve.
Gold should sustain the upwards tendency until at least the next day. Tomorrow being the FOMC announcement.

The most-active Gold for Aug delivery on the MCX was 0.17% greater at Rs 30,368 per 10 gm, after reaching a history great of Rs 30,421.

"Buy gold on falls to Rs 30,260, for a target on of Rs 30,581," said our  analyst.

The rupee, which dropped for a second immediately period to hit its minimum in more than two several weeks, performs an essential part in identifying the arrived cost of the dollar quoted yellow metal.
Investors worry the rupee could create a restored force to the history low at 56.51 hit against the money on May 31, and believe any violation below 56.10 may induce treatment from the central bank.

The Federal Open Market Comittee (FOMC) produces a plan declaration at the end of its two-day conference on Wednesday. The Fed's present "Operation Twist" program, which includes purchasing long-term debts and financing the purchase by selling short-term notes, is planned to finish at the end of June.

"Silver is stuck in a range. Break on either side could determine direction," said our technical analyst.

Silver for July delivery on the MCX was 0.17% greater at Rs 55,001 per kg.

Taking a six-session long increasing ability, Gold today dropped from history by dropping Rs 70 to Rs 30,510 per 10 gram in the national capital investment on decreased offtake at existing higher levels.
However, silver retrieved by Rs 270 to Rs 55,100 per kg on clean purchasing by business systems and gold coins makers.

Investors said drop in need at current greater stages mainly take down gold  costs, which had rose to all time high of Rs 30,580 per 10 grams in the past session.

They said clean buying by business systems mainly assisted gold prices to restore from latest falls.
On the home front side, gold of 99.9% and 99.5% cleanliness lowered by Rs 70 to Rs 30,510 and Rs 30,310 per 10 grams, respectively. The metal had obtained Rs 1,080 in last six days.

Sovereigns organised stable at Rs 24,410 per item of eight h in limited buying.

However, silver prepared retrieved by Rs 270 to Rs 55,100 per kg, while weekly-based shipping dropped further by Rs 680 to Rs 54,540 per kg on deficit of speculator's support.

Meanwhile, silver coins stayed smooth at Rs 65,100 for purchasing and Rs 66,100 for selling of 100 pieces.

Bullions -
Gold is set to relocate for a fifth day in the lengthiest successful ability since Apr on rumours that the U.S. Government Source will take additional actions to buoy the economic climate, possibly decline the dollar. Immediate-delivery gold was little modified at $1,617.58 an ounces in Singapore after getting 1.7 % in the before four days. August-delivery bullion was also little modified at $1,618.80 an ounces on the Comex in New York. Information for launch these days may show U.S. customer costs dropped 0.1 % in May from monthly previously, the most since Dec 2008. Fed plan creators start a two-day conference on May 19 to evaluation financial plan, convening after few days elections in Greece that may figure out whether the country continues to be in the euro zone.

Base—Metals -
Copper may drop for a third day as Spain’s credit ratings score was cut by  economic reviews in the U.S and European countries added to trader concern that reducing global growth will cut demand for commodities. Three-month delivery was little modified at $7,390 a measurement ton on the London Metal Exchange. The metal moved $7,233.21 on May 8, the minimum level since Dec.19. Steel for July delivery was little modified at $3.321 a pound on the Comex in New York are able to.  U.S. retail sales decreased in May for a second 30 days, and Euro-area business production decreased for a second 30 days in April.

Energy -
Oil changed after an Power Division report revealed that U.S. fuel inventories suddenly dropped and as OPEC ministers collect to talk about the group’s production roof at a conference the next day. Futures trading increased as much as 0.7 percent earlier after the Power Division said petrol resources dropped 1.71 million barrels to 201.5 million last week. Stockpiles were prediction to gain 1.2 million barrels . OPEC will probably leave its outcome target the same tomorrow.

European shares are dealing on a positive observe on the back of news that The spain will sign memorandum of understanding for its organized financial save package somewhere around Twenty-first June and European Nation peak organized on Twenty eighth May. Asian markets finished on a negative observe and US stock futures trading are dealing in green.

Indian Gold dropped almost a percent from the past day record high as the rupee hit its most powerful level in two weeks and international Gold prices dropped, though physical investors patiently waited for bigger comes before coming into deals.

1.  Most active Gold for Aug shipping on the MCX was 0.82% lower at Rs 29,811  per 10 gms, dropping from the past daily history of Rs 30,284.

2.  The rupee performs an important part in identifying the arrived cost of the dollar-quoted yellow-colored metal.

3.  U.S. Gold futures trading agreement for Aug shipping lost 0.92% to $1,618.3 per ounce.

4.  Gold need in India is likely to stay demure in the arriving several weeks due to the start of monsoon down pours and a gradual wedding and celebration period. Indians have been promoting jewelry in the market to cash in on a instant development of prices.

“Gold prices” slid more than 1% on Friday, increasing failures from the past period when US Central Bank chief Ben Bernanke dissatisfied traders by giving few suggestions on certain financial stimulus.

Spot Gold rates decreased as low as USD 1,560.42 an ounces, its least weekly, and exchanged at USD 1,564.28.

US Gold futures trading agreement for Aug shipping dropped 1.3% to USD 1,567.20.

MCX GOLD : -
International: Major Support at USD1550. Bullish till USD1600.
Domestic: Buy above 30010, Stop loss 29940, Target 30110.

MCX SILVER : -
International: Major Support at USD25. Bullish above USD27.
Domestic: Buy above 54240, Stop loss 54100, Target 54380.

MCX COPPER : -
International: Major Resisatnce at LME 9610. Bullish till LME 8400.
Domestic: Buy at 410, Stop loss 408, Target 413.

MCX NICKEL : -
International: Bullish above 17,200.
Domestic: Buy above 890, Stop loss 880, Target 905.

MCX CRUDE OIL : -
International: Major Support for WTI at USD77. Bullish above USD 91.
Domestic: Buy at 4700, Stop loss 4670, Target 4770.

MCX NATURAL GAS : -
Domestic: Buy above 133, stop loss 130, target 136-137.

MCX ZINC : -
Domestic: Buy above 104, stop loss 104.40, target 105.50-105.70

MCX LEAD : -
Domestic: Buy at 106.18, stop loss 105.20, target 107.10.

Gold increased 4% on Friday, its greatest one-day hike of more than three years, as a amazingly poor US payrolls review added to concerns about a international economic recession and driven talk of further US financial reducing.

The precious metal fell in early trading, then rebounded USD 60 an ounce from its session low as funds piled into gold for protection against economic uncertainty after the US unemployment rate rose for the first time in 11 months.

Gold rose 3.6% this week, its largest gain since late January, when investors were already fretting over Spain's poor finances and a possible Greek exit from the euro zone, which could send Europe's debt crisis spiral out of control.

Gold ended May with its fourth straight monthly decline, the longest in 12 years. Friday's rally extended gold's gain year to date to around 4%.

Gold obtained 15% a few months ago after the US Federal reverse said in Jan it would keep rates near zero until at least overdue 2014 and could present a clean circular of asset-purchase program known as quantitative reducing.

MCX Copper Jun futures trading is dealing in negative area these days. MCX Copper Jun future prices were under pressure these days. MCX Copper started out these days at Rs 427.50 near to its previous ending of 427.95. It is dealing at the moment at Rs 424.80 down by 0.80% per Kg.

MCX Aluminum May futures continues to remain subdued on global trends opening at  Rs 111.10 and is trading flat at Rs 109.75 against its previous closing of Rs 109.75

The worsening debt crisis in Spain is constantly think about on markets . Aluminum’s powerful durability indicates it will continue to stuck though. MCX Aluminum is predicted to stay between 5-day and 10-day going earnings. Reviews that the China govt will launch a sequence of incitement guidelines will assistance the prices of Aluminum. Currently the provide side is aiming towards the need and with China non-urban vehicle subsidy, may allow some profits. Even identify action has enhanced and may control much disadvantage and at MCX, profits might be experienced due to rupee factor.

MCX Gold futures are expected to close above 29510 on daily basis although the overal trend will remain sideways.

This week, MCX Gold August Contract opened moderately higher by 0.20 percent to 29446 on Monday morning trade.

MCX Zinc May futures is trading in sideways to positive territory. MCX Zinc May future prices opened today at Rs 104.90. It is trading in positive territory today at Rs 104.95 up by 0.61%, against its previous closing of Rs 104.21 per Kilogram.

GOLD  - JUNE -
Overall in trading range consider level of resistance 29100-29200 and below support 28650... separate out this range will shift further in either side. Every week Pattern Decider 28850.

SILVER  - JULY -
Some support was seen and durability in this commodity rather than gold. Now we may consider level of resistance 55100-55100 and support 53220 at reduced stage. Short-term level to buy part with limited stop-loss.

COPPER – JUNE -
Small dealing range carries on 421 to 430-434... Consider support 416... decisively break with amount further weak point and may analyze 411-401 level, higher-level level of resistance 441-451. Observe out.

CRUDE – JUNE -
Trading range carries on in this investment. Level of resistance 5160-5210 and assistance 5100 to look at out on decline.

NICKEL – MAY -
After weak point in originally trading, bying support and durability seen and lastly it created a high 947.40 after creating a low 923 showing any time distinct move in this investment. Now consider level of resistance 951-954 range.

MCX Gold June : Prices seen trading with a negative outlook with immediate target of 28840/600 or even lower by holding the upside cap of 29170 region. Even in this bearish outlook, unexpected move above 29180 region could lift up prices towards 29260 or even more towards 29380.

MCX Silver June : Likely to be choppy inside the range of 53600-54300 levels with mild positive bias. Either side breakout would suggest fresh directional moves later.

MCX Copper June : Inability to surpass above 428.40, expect bearishness to continue towards 423/420 or even more. However, it would be required to break and sustain above 430 to resume further upsides.

MCX Nickel May : Mild positive bias is expected as long as prices stay above 927. However ,944-951 regions would be the initial trigger to rush prices towards 971 later. Unexpected sell off below 916 would be an early signal of strong selling again.

MCX Lead May : Current upside bias less likely to persist until it cross above 108.10 region, else hold the same for a long liquidation pressure towards 107/106.30 or even lower towards 105.30. But break above108.10 could extend buying interest toward 109.60/110.

MCX Crude Oil June : The prevailing bias is likely to extend towards 5030-54 region on break past 5070. However, inability to break below this level could see prices revisiting highs of 5123/5153 levels. Push higher above 5153 could see a bulls drive home the advantage towards 5183 and even higher towards 5223. Conversely, a crack below 5030 could see prices targeting 4980 levels.

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Gold prices are likely to head low after it tested the resistance zone at 29140. Prices are expected to test 28840 -28810.

Silver prices are likely to trade lower after testing the high of 54800, one can sell on rise around 54610 with a stop loss above 55240.

Copper prices are expected to test 431 -433 zone on higher end. One can buy on dip around 424 with a stop loss below 422.

Nickel prices are expected to trade between the range from 931 to 970. Prices are expected to rise one can buy around 930.

Lead prices are expected to trade positive, one can buy around 105.90 -106.30 with a stop loss below 104. prices can expect prices to test 108 on higher end.

Crude prices are expected to bounce one should look for buying opportunity at 5110 with a stop loss below 5030....

Investment demand in both the metal rose in last couple of day especially in mcx gold. The biggest fund in gold holding increased by 2.11% in last 2 weeks. Whereas the biggest fund in silver increased their holding by more than 1% as per last month data.

MCX July Natural Gas Rs.201.? Based on study. I see trade range of Rs.205.30-198., Recommendation buying at Rs.201.28/198.80?upside sell target is Rs.203.02 and trend reversal at Rs.204.

MCX August Crude Rs.4366? Based on study, I see trade range of Rs.4281-4471, Recommendation Buy at Rs.4334/4301?upside sell target is Rs.4384/4451/4471(is trend reversal.

MCX Sept. Silver Rs.58474? Based on study, I see trade range of Rs.56141-61300, I recommend to buy Rs.57884/56872(confirm this level below Rs.58140 around)?upside sell target is Rs.59051/59343 ?59931/61391. (Strong bearish only below Rs.56131?51462).

MCX Gold Aug Rs.23065 ? Based on our study, I see trade range of Rs.22784-23230, Recommendation buy on fall upto Rs.22894/22843. (stops below Rs.22712) upside sell exit level is Rs.23121/23173( This level might see come minor correction). Buy on dips is recommended.

Gold investors in Indian, the greatest customer of gold, bought the gold in small amounts on Tuesday as prices prolonged failures to hit their smallest in six weeks and breached the acutely witnessed 28,000 rupee level. The most-traded May agreement on the Multi Investment Exchange (MCX) was 0.54 percent lower at 28,080 rupees per 10 h, after reaching 27,982 rupees, its smallest since Apr 5, monitoring poor international leads.

The rupee, which increased greatly on Tuesday from a near history low against the money, performs an important part in identifying the arrived cost of the dollar-quoted yellow-colored metal.

In the offshore market, silver decreased to its smallest since overdue Dec as the money went under against the U.S. money on problems that a deterioration debt disaster in Greece could leak over into its neighbors and jeopardize the everyday living of the single currency.

Copper costs are required to test 421 -420 location on lower end. Price is required to hold the support location, one can get into long with a small stop-loss below 417.

Silver costs are positioning 53410  -  53510 assistance for few days, we anticipate a offer below 53410 for the down shift until 52810 -  52710. oscillator also are in oversold location hence competitive promoting not advised.

Nickel costs are required to business reduced below 914 to the beat of 904 -900. Oscillators recommend a smooth to down move in the reverse.

Crude costs are seeing selling stress and should continue until 5000 -4940 on reduced end. Price is predicted to business reduced as long as business below 5140. Oscillators are in adverse territory.

According to the our analysit team, Silver and Gold are required to trade lower today on the back of poor market emotions due to deepening problems over Money Location debt disaster in addition to a more powerful dollars.

Gold:  Spot Gold prices increased around 0.3 % on Friday on the returning of ideal employment data from the US. However, distinct profits were to cap it due to strength in the US dollar catalog in addition to combined market emotions. The gold moved an intra-day high of $ 1602/oz and ended its trading time at $ 1594/oz last night. However, MCX Gold May contract dropped around 0.7 % on the returning of gratitude in the Native indian Rupee and moved an intra-day low of Rs. 28,400/10 gms.

Silver: - Taking cues from combined overall performance in base materials in addition to a more powerful money, Spot Siver prices decreased by 0.7 % on Saturday. The white steel moved an intra-day low of $ 28.91/oz and finished its trading time at $ 29.12/oz last night. On the MCX, Silver September agreement decreased more than 1 % on account of a more powerful Rupee and moved an intra-day low of Rs. 54,380/kg on Friday.

We expect Gold and silver coins to trade lower today on the back of poor market emotions due to deepening problems over Dollar Location debt disaster in addition to a more powerful dollar. Additionally, silver demand concerns from Chinese suppliers, globe's second biggest consumer of silver, will also act as a negative factor for prices. However, devaluation in the Native indian Rupee may hold further fall on the MCX.

Crude oil prices will increase failures this week as risk aversion excited by constant governmental concern in European countries continues to bother markets.

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SILVER – JULY -
Silver price stayed unstable during the a week ago and resolved at 56571. In this, we may consider powerful level of resistance at 57510-58100 and change to offer side, disadvantage assistance 55100 to look at out.

GOLD  - JUNE -
MCX Gold ongoing displaying small trading range for the the other day and made a higher of 29283 and low of 29941. In this weeks time, consider pattern decider 29127 - below keep prefer and above fluff prefer to be followed. We suggest high-risk investors to go long with stop-loss for focus on 29310-29510 in future. Once separate out assistance level, non-stop focus on 28510.

COPPER  - JUNE -
The other day exchanged inline with our anticipations and made a high of 448.50. Thereafter some selling pressure surfaced and was unable to maintain at advanced level and shut at 441. In this weeks time, carefully observe 444, cross-over it will show strength, whereas the disadvantage support 431-435 range to look at out.

CRUDE – MAY -
As the other day on Wednesday it was expected that big fall on the card in Raw and it occurred on Saturday trading and lastly overall made a low 5214 showing bearishness to continue in this investment. In this weeks time, pattern decider 5360... stay below keep prefer... carefully eye 5181... separate with amount... real anxiety will start.

Gold investors in Indian, the biggest customer of gold, were on the side lines on Thursday as a poor rupee, which hit its minimum in four months, outweighed poor feeling in the offshore markets.

The most-active gold for June delivery on the  MCX (Multi Commodity Exchange) was 0.12 percent 29,220 rupees per 10 grams helped by a weaker rupee.

Revenue are not according to objectives because of the rupee, and this scenario will proceed.
Most jewelers are completely supplied after lower-than-expected revenue on excellent Akshaya Tritiya, which dropped on Apr 24. Sales dropped 50 % to 10 lots on the celebration day.

MCX GOLD June agreement was dealing at Rs 29201.00 up Rs 9.00, or 0.03%. It moved an intraday great of Rs 29225.00 and an intraday low of Rs 29113.00.

MCX GOLD Aug agreement was dealing at Rs 29565.00 up Rs 5.00, or 0.02%. It moved an intraday great of Rs 29584.00 and an intraday low of Rs 29510.00.

MCX SILVER May agreement was dealing at Rs 55308.00 up Rs 161.00, or 0.28%. It moved an intraday great of Rs 55339.00 and an intraday low of Rs 55032.00.

MCX SILVER July agreement was dealing at Rs 56773.00 up Rs 25.00, or 0.04%. It moved an intraday great of Rs 56810.00 and an intraday low of Rs 56567.00.

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In the the other day, MCX May silver costs started out the weeks time at Rs 28,684/10 gm, at first exchanged slightly lower and found strong support at Rs 28,621/10 gm. Later, costs shifted back and moved a high of Rs 29,130/10 gm and lastly shut at Rs 29,108/10 gm(April 28, Saturday) with a gain of Rs 407/10 g as compared with past week’s close of Rs 28,700/10 gm.
On the above Every week Index charts, Silver costs breached 6 week’s high and shut above its 10 & 20 weeks time EMA (Exponential Going Average) which indicates favorable market emotions. For this weeks time, we anticipate gold costs to find level of resistance at 29,310 stages, if costs will close and business continually above 29,310 stages, would induce further move up to 29,570 stages. Support is noticed at 28,730 stages and then 28500 stages.

In the the other day, MCX July Silver costs started out the weeks time at Rs 57,940/Kg, at first exchanged greatly reduced and found powerful assistance at Rs 56,040/Kg. Later costs shifted back from low and lastly shut at Rs 57,558/Kg (April 28, Saturday) with a loss of Rs 584/Kg as in contrast to past week’s close of Rs 58,153/Kg.
On the above Every week Index charts, Silver costs breached 13 week’s low and shut below its 10 & 20 weeks time EMA (Exponential Going Average) which indicates bearish industry emotions. For this weeks time, we anticipate Siver costs to discover significant level of resistance at 58,770 stages. Dealing continually above 58,770 stages would start the entrance for a new leg up at first towards 59,400 then 59,700 levels.
Powerful Assistance is noticed at 56,040 stages. Dealing below 56,000 stages would give modification at first towards 55,500 and then lastly towards the Significant support at 55,000 levels.