Wednesday, 17 April 2013

Dollar decline in US market ,copper calls for 17 April

The Indian rupee reached a one month high in early trade of Wednesday morning.recently dollar is quoted at 
54.03 Rs. Last night it was traded at 54.15 Rs.The rupee rose in tandem with Asian stocks, which suffered heavy losses after Chinese economic growth data Monday disappointed. 

The rupee has gained more than 1.0% since Friday as commodity prices, particularly those of crude oil and gold, fell heavily on concern of economic slowdown in China.

In MCX base metal shows a week down movement in copper, aluminum, lead and nickel. Copper for April delivery has fall down by 3.80 points to 390.80 yesterday it was closed at393.60 but takes a gain of 10 points  and open with 393.70.

 reliance has fallen 2% at Rs 300 in was showed a lowest value in the ending of march April month.

commodity calls

SELL COPPER AT 390.75 TARGETS  390.380,370 sl 400.25
SELL SILVER AT 43870 TARGETS 43820,43780,43740 SL 43910 

No comments:

Post a Comment