Saturday, 13 April 2013

Today 13/4/13 MCX Cotton updates, Gold Silver Tips and calls

Saturday morning all the products are looking bearish. Both type of metals precious and base showing red sign. 

Gold drop by more than 300 points and silver by 647 points. Globally it also changes drastically, support for yellow metal is 27988 and resistance is 29343. 

Yesterday cotton was seemed in down position but today it is in high position. 

Ncdex Kapas traded in a bullish trend. The commodity has support at 922 and resistance at 940. It traded in the same position until it breaks 910 level. 

Gainers : Kapas (1.79%), Cotton (0.41%), Mentha oil (0.32%), Natural Gas (0.26%), Cardamom (0.2%), potato (0.2%) 

Losers : Gold (1.9%), Silver (1.46%), Nickel (0.47%), Lead (0.35%), Crude Oil (0.35%), Zinc (0.3%) 

Sell gold below 27833 tgt 27808|27793|27778 sl 27913 

Sell silver below 48725 tgt 48755|48740|48725 sl 48875 

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