Monday, January 30, 2012

MCX Commodity Tips Outlook For Today

Our Commodity Tips experts suggests a sell at Rs 107.12 and a target of Rs 104 with a stop loss at Rs 107.78

In the coming week, gold may trade positive. Shah has seen a good technical breakout backed by good fundamentals of a weakening dollar. He suggests a buy on gold with a stop loss below Rs 27,900 for a target of Rs 28,150-28,300 on the higher side.

Buy silver at Rs 56,100-56,900 with a stop loss below Rs 56,410 and with a target of Rs 58,500 and 58,600.

Copper is just not falling below Rs 416-415.15 and that is a very serious support at these levels. Copper on a weekly can test Rs 446-450. Buy at Rs 436 with a stop loss of Rs 435 and a target of Rs 442-436 levels.

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