Wednesday, February 15, 2012

MCX Commodity Tips - Intraday Market Updates for Today 15 Feb 2012

Bullion counter can trade with positive note tracking bounce back in international markets. Gold can trade in range of 28,050-28,400 while silver can trade in range of 55,500-57,000. Base metals may also see some bounce back on the hope of Greece rescue deal this week. Copper may trade in range of 415-424 while nickel may also trade in range of 980-1011. Support for February copper is seen at Rs.414 while resistance is seen at Rs.426. Crude oil can trade with positive bias in range of 4,900-5,050 in near term.

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