The industrial demand of silver coin is increasing in China as well as in India. Investors are also showing their interest in coins and medals of silver. A 4% gain in silver industrial demand has been recorded in India (2011).
Oil price rose in Asian market today more than expectations. In morning trade the Brent North Seed crude increased by 32 cents to USD 102.05. MCX crude oil surge 23 points at 4985 for May delivery.
The yellow metal gold starts recovering its condition. It takes a high of $144671 in earlier session. More upward movement will see if it breaks the price $1447-$1450 level.
Ncdex Jeera and turmeric are looking bearish. The support and resistance for jeera nad turmeric are :
Jeera R1 : 13362 S1 : 12838
Turmeric R1 : 6592.3 S1 : 6453.8
Pepper is looking sideway for May contract. It ranges between 35440 to 35135. The 35053 and 35358 are its levels. Traders are advice to sell it with the target 34700 and stop loss 35800.
Silver buy above 43283
Trgt : 43313/43338/43358
Stp ls : 43133
Gold buy above 26607
Trgt : 26637/26657/26672
Stp ls 26507
Oil price rose in Asian market today more than expectations. In morning trade the Brent North Seed crude increased by 32 cents to USD 102.05. MCX crude oil surge 23 points at 4985 for May delivery. The yellow metal gold starts recovering its condition. It takes a high of $144671 in earlier session. More upward movement will see if it breaks the price $1447-$1450 level.
Ncdex Jeera and turmeric are looking bearish. The support and resistance for jeera nad turmeric are :
Jeera R1 : 13362 S1 : 12838
Turmeric R1 : 6592.3 S1 : 6453.8
Pepper is looking sideway for May contract. It ranges between 35440 to 35135. The 35053 and 35358 are its levels. Traders are advice to sell it with the target 34700 and stop loss 35800.
Silver buy above 43283
Trgt : 43313/43338/43358
Stp ls : 43133
Gold buy above 26607
Trgt : 26637/26657/26672
Stp ls 26507
