Today the
bullion fall with a huge point, today white metal down by more than 1000 point,
at 2:13 pm silver is trading on 62274, 950 point down by its previous close. Today
on the MCX there is a long drop in the market. While the yellow metal is down by
204 point from its last close at 2:16 pm. Today gold is trading in the range of
30800-31500. It is advised to gold trader to hold a long position in the February
contract. Silver is trading with a range of 63000-61800 with a stop loss of 61500
and target of 63450, hold our position.
Due to
strong rupees against bullion, bullion not controls the position and fall by a
huge point. In the December month this is a very large fall, gold is trying to
consolidate the position but rupees pulling is leg again and again. Meanwhile
the cotton is going in the good position to trade; it goes 70 point high at
2:30 pm. In the global market silver is pertaining in the bounce back situation.
The upcoming year is for the commodity, and we soon feel that from the staring
of the year.
Today calls:-
Buy gold tgt
31200,,31300….sl 31000
Sell cotton
tgt 16640…16625………sl 16710
Buy silver
tgt 62500….62700……sl 61190
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