Saturday, 22 June 2013

rupee vs dollar war ,mcx cotton commodity outlook for today

Today commodity market open with min change and running slowly for Saturday trading session it might be tough to  evaluate future value of commodity because for previous month commodity price  continuous grow in fall side ..

The Indian rupee on Friday rose 30 paisa or 0.50 percent to close at 59.27 against the US dollar,the local currency has slumped to 59.85 points it’s a record low in India.

Cotton  is ranging between 19200 to 19500 .we have supported at 19300 and resisted above 19450 . Currently it up by 40 rs for sat session.

Buy cotton above 19400 tgt 19430,19450,19470 stoploss 19380

Buy silver at 41548 tgt  41570,41590,41610 stoploss 41520

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