09:35
MCX Tips
Battery material Lead for delivery in May 2012 ended in positive territory for the third consecutive day and edged up by 0.2% or Rs 0.26 at Rs 108.36 per kg and tested an intraday high of Rs 108.5 per kg and low of Rs 107.26 per kg on Wednesday, 23rd May. Some short covering with the 4% drop in its open interest helped Lead to end with few gains. The contract traded above 9-day EMA and RSI stood at 45.84. More Information about stock trading tips visit my site stock-trade-tips.blogspot.com
At LME, Lead shed by 0.4% at $1934 per tonne on Wednesday as the woes on Greece still dominated the market and weighed down the metal. But, the huge losses earlier and decline in LME Lead inventories by 3850 tonnes to 353450 tonnes restricted the metal from its further fall.
MCX GOLD
International: Major Support at USD1500. Bullish till USD1581.
Domestic: Buy above 29081, Stop loss 28981, Target 29151.
MCX SILVER
International: Major Support at USD26. Bullish above USD28.
Domestic: Buy above 54200, Stop loss 53900, Target 54500.
MCX COPPER
International: Major Resisatnce at LME 9600. Bullish till LME 8500.
Domestic: Buy above 428, Stop loss 425, Target 434.
At LME, Lead shed by 0.4% at $1934 per tonne on Wednesday as the woes on Greece still dominated the market and weighed down the metal. But, the huge losses earlier and decline in LME Lead inventories by 3850 tonnes to 353450 tonnes restricted the metal from its further fall.
MCX GOLD
International: Major Support at USD1500. Bullish till USD1581.
Domestic: Buy above 29081, Stop loss 28981, Target 29151.
MCX SILVER
International: Major Support at USD26. Bullish above USD28.
Domestic: Buy above 54200, Stop loss 53900, Target 54500.
MCX COPPER
International: Major Resisatnce at LME 9600. Bullish till LME 8500.
Domestic: Buy above 428, Stop loss 425, Target 434.
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