The
much- hyped RBI's policy measures to curb the rupee slide failed to
cheer the Street as the benchmark indices fell on Monday. The Central
bank's announcement disappointed the investors, who were looking for
some strong actions.
MCX
Gold Silver Updates:- At the
MCX market, the gold touched a level of 30,400 in late trade but
recouped losses.The negative signals in the global market caused the
mcx gold and silver to trade in the lower side.The
mcx gold price in the domestic market fall by around 190 rupees (0.7
percent).Thursday night in the world market price of gold fell by two
per cent.
MCX
Crude Updates:-MCX Crude oil is expected
to trade in the pressure at mcx. the
market may be in reverse gear in today's trade as investors would
like to square off their long positions on disappointment over the
announcement of less aggressive policy.
Further
today RBI's decision has increased the pressure in the market. As no
concrete steps taken by RBI as expected by the investors and traders
and the market will see rapid pace on Wednesday trade.On Tuesday's
trade market did not saw any kind of pressure.
Further
today In Stock market the Sensex closed at 16,906.58, up 24 points as
21 counters including SAIL, HUL, Sesa
Goa and Sterlite Industries. fell
in the 2- 3 per cent range. Investors wealth across the market
dropped by over Rs 26,000 crore. The 50- share Nifty ended at
5,120.65, a up of around 06 points. Moody's decision to retain
India's credit rating outlook at stable, even when its peers are
bearish on the country's growth prospects, added to early surge.
What
will be the market trend on 27 June 2012
MCX
Gold today may witness a bullish trend so we recommend you to go
on Buying side for gold above 30180, Stop loss 30100, Target 30260.
Same We'll recommend for silver Buy above 53750,
Stop Target 54050-54100. Stop loss-53450,
Buy
MCX Copper above 417.30, Stop loss 415.30, Target 419.30
MCX
Aluminium Buy above 104.30, Stop loss 104, Target 104.60.
MCX
Crude Oil Buy at 4550, Stop loss 4520, Target 4575-4580.
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