Buy MCX Gold at Rs 30090; SL: Rs 30030: Dani Commodities

Kerala industry and IT minister PK Kunhalikutty said that there was early interest from the corporate sector for the forthcoming Emerging Kerala 2012 Global Connect, to be held in the state in mid-September. He was inaugurating the meet at Chennai on Monday. â€oeA number of investors have already approached us and we have initiated talks with them, Kunhalikutty said here. A team of businessmen and bureaucrats from Kerala was also present as the state team met representatives from the Confederation of Indian Industry and Nasscom here.

The Kerala government has attached top priority to this global summit. We view this as an opportunity to present Kerala's opportunities before the business fraternity across the world, the industry minister said. Prime minister Manmohan Singh is scheduled to inaugurate the event.

Officials said the Emerging Kerala meet will draw business leaders, CEOs, visionaries and thought leaders from India and abroad, and that there would be delegations from countries including China, the US, the UK and the Middle East. They pointed out that Kerala had already achieved significant progress in human development, and that the state hoped to use the event to launch itself on a path of faster and sustainable growth.

MCX GOLD
International: Major Support at USD1550. Bullish till USD1625.
Domestic: Buy at Rs 30090, Stop loss Rs 30030, Target 30150.

MCX SILVER
International: Major Support at USD26. Bullish above USD28.
Domestic: Buy at 53450, Stop loss 53250, Target 53650.

MCX COPPER
Domestic: Sell at 412, Stop loss 414, Target 410.

MCX LEAD
Domestic: Buy at 104, Stop loss 103.60, Target 104.40.

MCX ZINC
Domestic: Buy above 101.60, Stop loss 101.20, Target 102.

MCX ALUMINIUM
Domestic: Buy at 102.50, Stop loss 102.10, Target 102.90.

MCX NICKEL
Domestic: Buy above 863, Stop loss 857, Target 869.

MCX CRUDE OIL
International: Major Support for WTI at USD83 Bullish above USD 91
Domestic: Buy above 5180, Stop loss 5140, Target 5220.

MCX NATURAL GAS
Domestic: Buy at 153.50, Stop loss 151, Target 156.

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