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Tuesday, 9 April 2013

Sell MCX Silver May around Rs 51600: Fortune Financial

Fortune Financial Services has come out with its report on bullion, base metals, Crude oil and Natural Gas. The research firm says one can Sell MCX Silver May contract around Rs 51600 with stoploss of Rs 52100 for the target of Rs 50900-50400.

MCX Gold June Contract is looking negative for the day. Market may find support near 29460 & 29350; intraday resistance can be seen near 29640 & 29750. Day traders are advised to sell intraday on rise. (Sell around 29640 with SL 29750, for the target of 29460 & 29350.)

MCX Silver May Contract is looking negative for the day. Market may find support near 50900 & 50400; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 50900 & 50400.)

MCX Natural Gas April contract is looking slightly negative the day. Market may find support near 220 & 217 intraday resistance can be seen near 225 & 228. Day traders are advised to sell intraday on rise. (Sell around 225 with SL 228 for the target of 220 & 217.)

MCX Crude oil April contract is looking negative for the day. Market may find support near 5050 & 5000; intraday resistance can be seen near 5120 & 5170. Day traders are advised to sell intraday on rise. (Sell around 5120 with SL 5170, for the target of 5050 & 5000.)

MCX Copper April contract is looking negative for the day. Market may find support near 405 & 402; intraday resistance can be seen near 410 & 413. Day traders are advised to sell intraday on rise. (Sell around 410 with SL 413, for the target of 405 & 402.) 

MCX Lead April contract is looking negative for the day. Market may find support near 111.40, 110.50, intraday resistance can be seen near 112.80 & 113.80 Day traders are advised to sell intraday on rise. (Sell around 112.80 with SL 113.80 for the target of 111.40 & 110.50) 

MCX Nickel April contract is looking negative for the day. Market may find support near 872, 860, intraday resistance can be seen near 889 & 898. Day traders are advised to sell intraday on rise. (Sell around 889 with SL 898 for the target of 872 & 860.) 

MCX Aluminium April contract is looking negative for the day. Market may find support near 102.10, 101.10 intraday resistance can be seen near 103.40 & 104.50 Day traders are advised to sell intraday on rise. (Sell around 103.40 with SL 104.50 for the target of 102.10 & 101.10)
( http://www.moneycontrol.com/news/brokerage-recos-commodities/sell-mcx-silver-may-around-rs-51600-fortune-financial_849400.html)

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