Commodity Gold and Silver trading Tips 7 May 2012

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The Sharp decline Precious commodity Gold and Silver impact on the domestic market are being witnessed. Today MCX Gold and Silver have introduced decline trend in domestic market.
In International market Gold and Silver is strong decreased. Gold on Comex is trading down at 0.45 percent, while silver is also fall near to one percent in previous.  
MCX Gold Update :- MCX Gold has introduced negative note today. In domestic market MCX Gold has started down at Rs 29167, while last week of MCX Gold was closed 29,168. Currently Gold is trading down 0.21 percent at Rs 29125 at around 11 Am.  
Gold Call:- Sell MCX Gold June Below 29100  
Targets – 29087, 29073.  
Stop Loss- 29123.  

MCX Silver Trading Tips :- MCX Silver also introduced negative in previous with flat business and its currently slipped more than half percent at Rs 56266 above 0.55 percent. Last trade of MCX Silver was closed down 0.11 percent at Rs 56,573 on last week.

Sell Gold 56210 with July Contract.   
Silver Support Today -56147-55718.

-----MCX Live Call Today----

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Commodity Gold and Silver is showing positive trend in domestic market. In international market have seemed positive and it is trading up trend Today. Gold on Comex is trading up o.12 percent with 1636 dollar, while silver is trading 30 dollar with above 0.37 percent.  
Gold trading View and Strategy: - MCX Gold has introduced positive at Rs 29197 in previous session and its immediate perform best moment and touched at Rs 29269. Last trade of MCX Gold was closed at Rs 29215 with dull business. Now it is trading up at Rs 29219 for June contract.
Buy MCX Gold above 29220 with June contract.
Targets- 29233, 29249.
Stop Loss- 29197.
MCX Silver Update: - In domestic market MCX silver has accepted positive trend today. Currently it is trading up 55250 with fully bullish trend. Tomorrow it was closed at Rs 55211 with May contract.
Buy MCX Silver 55250 current rate.
Resistance- 55527 to 56283.7
Support- 54739.7 to 53986.5

NCDEX Agri Commodity Braking News Today

NCDEX Agri Commodity especially Barely futures regulator ahead markets commission of the special cash margin at around 20 percent deals of purchases is compulsory. So today NCDEX Barely is fell near around 1.5 percent in May future contract.

 NCDEX barley futures prices in last 20 days the business has been bouncing 20 percent.  According to the MSP for barely compared to 95 percent of the prices are going up. Indian government estimated at nearly 16.7 million tons in this year.