MCX Commodity Tips Free Trial - Safal Trading
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06:58 |
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Gold has shown good fall. Now
some reversal is not rule out. Gold 29800 target achived. Now we expect gold to
bounce for current week. The best level to enter long trade is 29500-29300.
Indeed
expected back in the U.S. qi 3 Gold prices in the international market
witnessed a sharp decline. Comaks 1330 gold
dollar has slipped too far down. This decline has had on the domestic markets.
This week, nearly 8 percent in gold and silver has
fallen by nearly 10 per cent.
Silver is buy on dip expect a
good teji in silver in coming days. 49000-48500 is best zone to go long with
47900 as stoploss and 56000 as target.
Be in teji in mcx copper updates till above
512. For intraday selling is advisable in copper around 505 AND 506 with 513.1
as stoploss. 486 AS TARGET (SHORT TERM CALL). The next target for copper is
464-467.
MCX
base metals have gained 1 per cent. Copper above
Rs 461 with a gain of 1 per cent is reached. Aluminium
0.8 per cent, 0.9 per cent nickel, 0.9 per cent lead and zinc gained 0.9
percent.
The
Naimaks crude oil slipped nearly 1 per cent at $ 106.7 arrived. With Brent crude also dropped by 1 percentage has come down
to $ 111. MCX crude oil updates is trading at Rs 6710
slipped 3 percent. Natural gas fell 1.5 per cent
seems to be around Rs 231.
MCX
2.6 to 1.4 per cent decline in base metals is seeing. Copper is trading at 1.6 per cent, to Rs 453.4. Aluminium 1.4 per cent, 1.3 per cent nickel, lead and zinc by
2.6 per cent to 2.3 per cent decline.
Mcx gold updates with a gain of 1.5 per cent reached the level of $ 1330.5. Comaks silver gained over 2 per cent reached the level of $
22.2. Copper on the London Metal Exchange is
trading flat.
Natural gas has strong
resistance @ 239-241 zone. Sell around this zone with 245 as stoploss and 207
as target.
For current week sell zinc @
118-119 with 120.1 as stoploss and target 112-113.
Intraweek major resistance in
crude is at 6950 zone. We are bearish in crude for current week for the target
6600-6650.
Nickel has support @ 860-865
zone and major resistance around 930-940and 1000. Best intraweek level to buy
nickel is 860-865 with 854.9 as stoploss and 930 and 1000 target in coming
days.
