Quantcast
HomeNews Newsdetails
Submit your e-mail to get CommodityOnline Advisory and news daily!

Last Updated : 07 December 2012 at 17:20 IST

MCX Silver futures to be bullish only above Rs.63200

Source :Commodity Online Research desk

  • 0

Bullishness in silver futures can be expected only above Rs.63200. Overall, silver is expected to witness high volatility in today's trading session.

The recent falls in gold have been contributed to a strengthening US dollar and persistent...
Black Swans are Black Swans as they evade prediction and are least decipherable until they..
I would also like to give you some more names of companies operating in Europe and making ..
Trading-tips
  • Commodity
  • |
  • Advise
  • |
  • Entry
  • |
  • Agency
  • Commodity
  • |
  • Contract
  • |
  • Trend
  • |
  • Pivot Point
Fundamentals
  • USDA revises up Mexico Sugar output to 6.216 mn metric tons
  • The USDA forecasts 2012/13 Mexico sugar production at 6.216 million metric tons (mt), an increase..

  • More >>
  • Astrology
  • Sun can push Crude Oil down any time: Astromoneyguru
  • By Col. Ajay
    As per financial astrology, transit OD Sun in Saturn house is ..

  • More >>
  • By Amrita Mashar
    MCX silver is expected to trade in a range between Rs.61500-63000 for the day. The US non-farm pay roll data may prove to be positive for silver; but any significant changes on the positive side may pose some downside risk to silver prices.

    The markets would closely monitor US non-farm pay roll data that is scheduled to be released today at 07.00 PM IST which is expected to be positive for bullion. The data is forecast to say US added 89000 jobs in November compared to October figures at 171000.

    If you have a positive buying position in silver, then consider Rs.61500 as major support level. Below these levels, prices are expected to move until they touch Rs.60000.

    Bullishness in silver futures can be expected only above Rs.63200. Overall, silver is expected to witness high volatility in today's trading session.

    Meanwhile, on MCX, silver for March delivery was seen trading at Rs.62398, a loss of 0.07% exhibiting a flat trend against the previous close as of 04.58 PM IST.

    On the Comex, silver for March delivery was seen trading at $32.895, a loss of 0.66% as of 05.10 PM IST.

    (Amrita Mashar is Manager-Research, Commodity Online)

    Add Your Comments

    Post to twitter
    Post to facebook
    Comments