Thursday 8 November 2012

MCX Commodity Trend Today |NCDEX Tips

mcx commodity tips,gold silver tips,ncdex agri trend today,jeera live updates today,energy tips

MCX Commodity Trend And Price Today :- MCX Gold and silver is expecting to trade on a bearish note due to weak global market sentiments along with strength in the DX. Also, Obama facing negotiations with Congress to avoid fiscal cliff of more than $600 billion can also add downside pressure on the prices. In the domestic markets depreciation in the Indian rupee will cushion sharp fall in the precious metals prices on the MCX. 

Base Metal Updates :- base metal prices are expected to trade on a negative note due to weak global market sentiments along with strength in the DX. Additionally, Obama facing negotiations with Congress to avoid fiscal cliff of more than $600 billion can also add downside pressure on the prices. Depreciation in the Rupee will restrict sharp fall for the base metal prices on the MCX. 

NCDEX Tips Today :- Jeera (Dec) Hold Buy 14910-14930 for target of 15050 / 15200 with stop loss of 14840.

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