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Monday, February 16, 2009

UPDATE

MARKET ALERT AT 2.15 PM FEB 16

MCX MARCH SILVER CMP RS, 21460 IS

LIKELY TO TEST RS. 21600, SUPPORT IS

AT RS. 21297.

10 comments:

raj said...

sir what will be the target of nickel today down or up

akshaya said...

ATTENTION MR RAJ
As Newyork is closed today there will not be much movements.
Will update you immedietly as and when we receive any confirmation.
But over all trend is bearish.
AKSHAYA

Sri Selvanayagi Amman Traders said...

can i buy silver 21450.. if i buy then what ll b d target can i keep..

akshaya said...

ATTENTION MR SELVA VINAYAGI AMMAN TRADERS
As Newyork is closed today there may not be much movement.
Will infm you as and when there is a call.
AKSHAYA

Anonymous said...

Hi Akshaya, how to convert silver price in indian rupee taking dollar term as 15.65$

akshaya said...

ATTENTION MR JUNAID
This is how you convert.
For eg if it is $ 15.65
15.65* rate of exchange (48.85) divided by .0311
Hope you are clear.
AKSHAYA

Anonymous said...

Thanks a lot akashaya,i was looking for it & u have the answer on your finger tips

Anonymous said...

But silver is trading at 13.56$ in international market,according to claiculation it comes to 21146,but our MCX silver is trading at 21500,what is the logic behind,

akshaya said...

ATTENTION MR JUNAID
We will tell you the exact calculation tommorow.
There will be some variation because of premium.
AKSHAYA

akshaya said...

junaid,

conversion for silver :

$ 13.88 * 49 divided by 31.1=21.86 per gram

21.86 * 1000 = 21860 /kg.

gold : $956 * 49 divided by 3.11= 15062/ 10 grams.
akshaya