MARKET UPDATE ON MAY 20 FRIDAY 8.45 AM IST


MCX UPDATE :


A string of US data and news of economic melt down


in Japan has held back all commodities //


Gold we maintain our view that next upside will be


seen on close above Rs 1500 $ or MCX Above Rs 22000 .


Markets have tested these levels thrice in thne past


week and has been unable to close above ./


Silver Res is very strong at $ 35.70 ,


a close above cld test $ 37 //


MCX Terms a break and close above 54200 cld test


56000 where strong res will be seen .