March 19, 2012

MCX Tips for Today

MCX gold prices shown a sharp decline in today's session. MCX Gold April contract declined around 0.17 percent for today and sharp downside was not witnessed on account of a weaker Rupee. MCX Silver prices came under sharp selling pressure in the last week and closed around 4.8 percent lower. The MCX Silver May contract dropped around 3 percent and touched a low of Rs 56,673. The commodity market is trading in red but the rise in the prices are expected for gold silver.

MCX Calls for 19 March:

MCX Gold (April) buy between 27400-27500, SL-27200, Target -28000.

MCX Copper (April) buy between 426 - 427, SL - 422, Target - 435/439.
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