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Tuesday 31 July 2012

Commodity Advisory Services in India - Safal Trading



Despite weakness in rupee weakness in crude oil in the domestic market has seen. On MCX, crude oil is 0.4 per cent at Rs 5100. Crude oil dropped 0.6 per cent in the international market and the price came to $ 92.

Gold and silver mixed stance. MCX gold updates ended up with Rs 29200. However, silver has remained close to Rs 52 650, with a marginal decline.

All have seen a decline in base metals. Zinc, lead, copper, nickel, aluminum 0.5 to 0.2 per cent are poor.

Agri commodities in turmeric is 4 per cent. Wheat, soybean and castor seed is firmly in the 3 to 2.5 per cent. However, barley has declined by 0.5 per cent.

Commodity Trading Call’s Technical investment advice for Trader

MCX gold (August futures): Buy - 29 150, stoploss of Rs - 29000, target - 29 400

MCX Crude Oil Updates (August futures): Sell - 5130, stoploss of Rs - 5180, Target - 5070

Mcx ncdex tips Jeera (August futures): Buy - 16 150, stoploss of Rs - 15 900, Target - 16,400

Soyatel NCDEX (August futures): Buy - 798, stoploss of Rs - 794 goals - 805
Location: Delhi, India

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