INTRADAY STOCK TIPS FOR TODAY: Commodity Tips For Today(MCX Tips For Today) 7 July

Thursday, July 7, 2011

Commodity Tips For Today(MCX Tips For Today) 7 July

On yesterday Commodity market was open with flat mood and end with 25% up closing it gain.

Here are the Commodity Tips For 7 :-

Gold Tips For 7 July:-

Gold has the high end of the week last day on sell position.

Buy Gold above 22411.2

Stop Loss at 22068

Sell Gold Below 21983.5

Stop Loss at 22326.3

Silver Tips For 7 July:-

Buy Silver above 55098.4

Stop Loss at 53526

Sell Silver Below 53075.2

Stop Loss at 54645.8

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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."