Friday, July 15, 2011

Commodity MCX Market tips

Bullions may witness some profit booking tracking weak opening in international markets.In MCX Gold can trade in range of Rs. 22,800-23,100 and silver can trade in range of Rs. 56,000-58,000.

Base metals can trade in red tracking weak opening in international markets. Today industrial production and consumer confidence data will give further direction to the base metals pack. Copper may trade in range of Rs. 428-430 while Lead can trade in range of Rs. 117-120 in near term.

Crude oil futures traded higher notable change during the early hours of trading on MCX seems recovery at the Nymex counter. Nymex futures.

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