Buy MCX Gold at Rs 26970; target Rs 27080: Dani Commodities
Dani Commodities has come out with its report on metals. According to the research firm, one can buy MCX Gold at Rs 26970 with a stop loss of Rs 26910 for the target of Rs 27080.
Dani Commodities has come out with its report on metals. According to the research firm, one can buy MCX Gold at Rs 26970 with a stop loss of Rs 26910 for the target of Rs 27080.
The initial data release from U.S. officials suggested that US Wheat spring sowing is expected to witness a sharp decline in the current year due to cold and wet weather conditions in major growing areas such as Austria and Denmark.USDA data reported that cultivators had planted some 13.8m acres with spring crops as on 1st May 2013. The figure stated the progress of 2.9m acres in the last week. This was well below the weekly average of 19m acres.The decline doubled to 31.1m acres (12.5m hectares) the area that growers are behind the typical pace, an area equivalent to the size of Mississippi, or a little over half the size of the UK.MCX GOLD
International: Major Support at USD1400. Bearish below USD1400.
Domestic: Buy at 26970, Stoploss 26910, Target 27080.MCX SILVER
International: Major Support at USD24. Bearish below USD24.
Domestic: Buy at 44900, Stoploss 44600, Target 45300.MCX COPPER
Domestic: Buy at 377, Stoploss 375, Target 381.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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