September 05, 2011

MCX Online Trend For Tomorrow 06 Sept

Spot Gold at global market remained range bound on weak economic data from US but the profit booking limited the gains. The base metals trend for LME Copper prices seen to slide down weighed by strong dollar as well as on weak Chinese data. MCX Crude oil prices edged lower on concerns that there might be a fall in demand from the world’s largest economy after weak data released last week showed that the economy is heading towards another recession. Dollar rose against a basket of currencies to its month’s high whereas Euro against dollar hovered near its three week’s low. Later today there is no release of major data as US markets are on holiday. 

MCX Levels For Tomorrow 06 Sept


Buy is advised above 28262 with a stoploss at 27526. 
Below 27319 go for sell with stop loss at 28054. 

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