Silver costs exchanged greater by Rs.59 to Rs.56, 265/ kg at the futures trading on Tuesday
At the mcx silver May month deliver increased Rs59 or 0.1 % to Rs.56, 265/ kg with a turnover of 7,341 lots
Silver and precious gold are assumed to trade higher this week due to weakness in the US dollar index addition to hopeful emotions in the international markets. Precious silver will also take hints from movement in base materials
Furthermore, the precious metal for July delivery shed Rs54 or 0.09 % to Rs.57, 950/kg with an interest of 335 lots.
Analysts assigned the development of precious silver futures trading to pick-up in need reinforced by the continuous wedding period.
Silver cost is expected to resistance the Rs.56700 -56850 with a stop loss of Rs.57600.
MCX Silver May: Buy at Rs. 57800 with a stop loss below Rs.57350 and keep targets of Rs.59000
Crude April: Sell below Rs.5480 with a stop loss above Rs.5520 with targets of Rs.5380
Natural Gas March: Sell with Rs.115 with a stop loss above Rs.117 and target is Rs.112
Copper April: Sell at Rs.440 with a stop loss above Rs.444 with targets of Rs.436.
Nickel March: purchase above Rs.938 and stop loss below Rs.931 and targets Rs.956