Wednesday, April 4, 2012

Commodity Tips Free Trial on Mobile 04 Apr 2012

Our Commodity analysts recommends buy MCX Silver May contract only on break out above Rs 57,800 per kilogram. Above Rs 57,798 per kilogram could look out for a long position with a target of Rs 58,400 per kilogram on an intraday and beyond that Rs 58,650 per kilogram with a stop loss of Rs 57,308 per kilogram.

Over the short term Lead can be bought on dips towards Rs 105.50 per kilogram with a stop loss of Rs 104.15 per kilogram and a probable target of Rs 109.45 per kilogram.

Suggest to buy Copper on dips to around Rs 431.15 per kilogram with a stop loss below Rs 427.48 per kilogram and look for targets of around Rs 437.48-439.45 per kilogram.

Sell MCX Crude April contract around Rs 5,321 per barrel with a stop loss of Rs 5,380 per barrel, for targets of Rs 5,250-5,230 per barrel.

MCX Copper April, Sell around 439.12 levels with a stop loss placed above 442.31 levels for targets of 435.89 levels.

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