It has been noted that the globally demand of jewellery up 12 percent this year. In china it rose up 19 percent. The demand of coins were up around 18%. The total demand for gold in 2013 was 963t.
The future Wheat is looking positive. It was trading at Rs. 1533 per 100 kg up by 0.39%. support for commodity seen at 1470 and resistance at 1580. A fall of 10 to 12 mn tons were compared to the last year.
At 11:44 am ncdex potato was also up by 0.45% at Rs. 885 per 100 kg for June delivery. Its overall trend looks bearish. Traders are advised to sell around 910 with stop loss of 940.
The yellow and white metals are still working in a negative direction from morning time. As the wedding season is running the demand for the gold and silver is increasing so it’s good to buy it.
Sell gold below 25939 tgt 25904 || 25879 || 25864 sl 26029
Buy chana above 3399 tgt 33409 || 3419 || 3429 sl 3359
Sell silver below 42435 tgt 42395 || 42365 || 42345 sl 42535
Buy barley above 1337 tgt 1352 || 1364 || 1374 sl 1287
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September has been full of surprises for Indian investors thus far. The S&P BSE Sensex hit a fresh 18-month high of 29,077 on September 8, but soon lost steam.
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