Tuesday, June 19, 2012

MCX Silver and Copper Live Tips For Today

MCX Silver
silver futures prices today moved down by 0.84 per cent to Rs 54461 per kg, as speculators created fresh positions. Silver is in a consolidate trading phase and may get a positive position today. In our technical reports of a firming trend in precious metals overseas have mainly influenced silver futures here. We think Silver had been stuck in a range of 53500-55500 and a break on either side could determine direction.
Broad trading range is seen inside 55350-54000 levels, either side breakout would be required to suggest fresh directional moves. Direct rise above 55350 will be an early signal of short covering rally towards 56100/57000. Buy is recommended by the experts

MCX Copper
Copper has been rose arround 1.23% on MCX in its last trading and closed at just below of 424 level. For Today Copper prices are expected to test 428-431 on higher end. Copper is looking best deal in commodity market. Prices are expected to hold the support at 418-416 zone. Buying on dips is recommended.

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