Commodity & Stock Market News On 8th Mar 2013

Commodity Market News Today:

Bullion

MCX Gold:

MCX gold prices are negative for the day.Today Price of Gold are expected to move around 29200 to 29000 .It is advisable to be trade to sell around 29450-29500 with SL above 29620.

MCX Silver:

Silver Prices trade from 54400 to 55500.It is advisable to be trade to sell below 54400.

Base Metal:

MCX Copper:

Copper Prices are expected to within the range from 430-431.Day traders can trade to sell with the intraday price around 432 to 425. 

Nickel:

Nickel Prices are expected to move around 900 to 922.Day traders can trade within the range.

MCX Lead:

Prices are expected move around 122 to 122.50.Day traders are advised to be trade to buy above 120 with SL 118.80.

Energy:

MCX Crude Oil:

Prices expected to move around 5020 to 4930.Day traders can trade within  the range.

Stock News Today:

MCX  fell 4.7% after 1.02 million shares changed hands on the BSE at Rs 1026 in the day. 

Dealers said share sales are expected given the 1 year lock-in period for pre-initial public offering investors ended on 7th Mar. 

A budget proposal to levy a commodity transaction tax on non-agricultural commodity contracts from April 1 is also seen hurting the sentiment.

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