Daily Commodity Report By Epicresearch 23 November 2012

Epic Research is a leading financial services provider with presence in Indian and other global c0apital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday

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Daily Commodity Report by epicresearch 23 November 2012

HEADLINE

Gold inches up as stocks rise, dollar fades Indian demand beat expectations.

Gold prices edged up on Thursday as well-received Chinese manufacturing data and hopes that a bailout deal for Greece may eventually be agreed boosted stocks and lifted the euro to three-week highs versus the dollar. Prices held in a tight range, however, with trading activity expected to be light because of the US Thanksgiving holiday, which has closed Wall Street.

Base metals rise, except nickel..

LME three-month copper was up 0.30 per cent at $US7,715 a metric ton. Aluminum was up 0.8 per cent at $US1, 944.50/ton. Base metals drew strength Thursday from HSBC's preliminary China manufacturing purchasing managers index for November, which showed the first expansion in 13 months, signaling further stabilization in China's

economy. The reading, a measure of nationwide manufacturing activity, rose to 50.4 in November compared with a final reading of 49.5 in October

TRADING TIPS:

Sell Aluminium Nov Below 106.70 TGTS-106.10/105.40 SL-107.20

Sell Nickel Nov Below 913 TGTS-906/898 SL-919

ANALYSIS

DAILY MCX GOLD CHART

OPEN: 31817

HIGH: 31868

LOW: 31794

CLOSE: 31849

GOLD LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

DAILY MCX SILVER CHART

OPEN: 62074

HIGH: 62266

LOW: 62065

CLOSE: 62156

SILVER LOOKS UPWARD

TREND: BULLISH

STRATEGY: BUY ON DIPS

Epic Research is a leading financial services provider with presence in Indian and other global c0apital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.

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