Gold may continue decrease future market in IndiaMCX Gold in June 2012 agreement may contact Rs.28480/10g on Friday against last day close of Rs.28520,Rupee has decreased by 10 paise opposing dollars. This has avoided gold costs from dropping suddenly in Indian.In the United States yellow metal market, precious metal was at $1,639 a troy ounce at Friday morning. At Comex, it shut at $1,643 ounces last night.Our share market experts feeling that the care about Spain's financial situation and Spain’s banking sector shifted funds to United States treasuries and In in German country Bunds, while warning won in abounding markets. Physical buying interest from two world’s biggest buyer country India and China has been inactive after the jewelers strike was called off,according to our share market expert tips below is best strategy for trade
Strategy
Gold cost are assumed to trade within Rs.28660 to Rs.28440 with a stop loss Rs.28450 and keep target of Rs.28550.
Silver futures decrease to Rs55944/kg
In Mumbai share market silver cost decreased by 0.23 % to Rs.55945/ kg at the futures trading today silver for delivery in May abate Rs.122 or 0.22% to Rs.55945 per kg with a business income of 1,393 lots. In the same way, the precious metal for dispatching in July month reduces Rs.130 or 0.22 % to Rs.57624/ kg in 45 lots according to our share market expert silver cost is assumed to trade in range from Rs.56320 to Rs.55320 per kg
Silver: sell around Rs.56485, with Stop loss Rs.56750, Target in range Rs.56290-56260.
Copper: Sell around Rs.418, with Stop loss of Rs.420, Target Rs.415.
Crude Oil: Sell around Rs.5400, with Stop loss Rs.5430, Target Rs.5370.
Lead: Sell around Rs.108.70, with Stop loss Rs.110, Target 109.
Zinc: Sell around Rs.104.5, with Stop loss Rs.104.00, Target 103.70.
Nickel: Buy around Rs.928, with Stop loss Rs.930, Target Rs.933.
