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Showing posts with label free crude copper natural gas crude oil calls 12th april. Show all posts

Tuesday, April 12, 2011

Commodity updates for today 12th april

GOLD DROP ON SALES AFTER RALLY TO RECORD; SILVER REACHES 31-YEAR HIGH.
CRUDE FALLS FROM HIGH AS IMF CUTS U.S., JAPAN GROWTH FORECASTS.
COPPER DROPS AS EARTHQUAKE HITS JAPAN, CAUSING EQUITY MARKETS TO SLUMP.
INDIAN RED CHILLI CLOCKS MORE THAN 2PC PROFITS.
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CapitalVia Global Research Head of Research Vivek Gupta said: "The good thing to cheer for the investors is that now they own a stake in the company which is much more clean in all the aspects and is amongst the top-five IT companies." Via moneycontrol.com

Commenting on the outlook, the broking firm CapitalVia Global Research said, "Next week, if gold sustains above the level of 26,430 then by breaking the level of 26,890, it may touch the level of 27,250. But if it fails to sustain above 26,430 then may touch the level of then it may test the level of 25,311/25,200. For silver 42,800 may act as good resistance. For the next week, traders can sell on higher level strategy, if MCX Silver September futures sustains below 41,080 then it could test the levels of 40,340/ 39,900." Via myiris.com

Vivek Gupta, head of research, CapitalVia Global Research said, "Technically, Nifty is likely to consolidate in the upcoming session and remain bullishly poised. Major resistance for upside is 6,080 with the crossing of which 6,150 can be touched. For downside, major support is at the level of 5,850 and 5,750."


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Tuesday, April 12, 2011

Commodity updates for today 12th april

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