JUNE 21 SATURDAY
SHORT TERM TREND : BULLISH : TARGET RS 25120
LONG TERM TRND : BULLISH : TARGET RS 26800
S1 RS 24380,S2 RS 24160, S3 RS 23860
R1 RS 24860, R2 RS 25170, R3 RS 25420
PREFER INTRA DAY LONGS AT RS 24380 TO 24360
STOP LOSS RS 24160
TARGET RS 24660
Silver up in futures trade
Silver prices in futures trading moved up in early
trade today on firm global cues and expectations
of a further rise in its prices in coming days.
At 1200 hrs, silver for near month July contract
rose by 0.12 pc at Rs 23,425 per kg on the Multi
Commodity Exchange, clocking a business volume
of 1,915 kg.
The white metal for September contract rose
by 0.09 pc at Rs 24,555 per kg at the same time
and recorded a business volume of 80 kg.
Trading sentiment turned bullish after reports that
both silver and gold ended higher in the New York
Mercantile Exchange last night.
Silver futures for July delivery rose 26.5 cents, or 1.6 pc
to 17.34 dollar an ounce in New York. The price has
advanced 16 pc this year.
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