Friday, April 20, 2012

MCX NCDEX Tips ~ Commodity Market Updates Today 20 April 2012

MCX Gold and Silver are trading at flat prices today. All base metals are trading on a positive note today. MCX Copper may trade in a narrow range tracking range bound movement in international exchanges; Support for April copper is seen at Rs.415 while resistance is seen at Rs.426. Crude oil is trading above Rs. 5400. We expect that it may trade at higher price today.

Intraday Trading Strategy:

MCX Gold June contract may trade in Rs 28,900-28,350.
MCX Silver May contract may trade in Rs 57,500-55,500 range.

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