Today on the
MCX commodity showing lots of red, but top commodity are on the positive side.
On the domestic market silver is going higher due to the pos t pone of GAAR (General
Anti Avoidance rules). GAAR is post pone for 2 year and their effect on the
domestic market showing a positive result On the MCX. In the bullion market it
is expected that the movement in the silver is very volatile today, while gold is
movement is looking positive due to the strength in the dollar price. In the
early morning white metal is open at 58853, 110 point high to previous close
58743. In the morning silver show a good movement and touch an intraday high
58929 and a low of 58765. Currently bullion is trading with the green flag and
move towards positive direction.
Base metal
is showing a red sign on the MCX, nickel showing a positive move at 10:25 am. Movement
on the nickel is expected low today .nickel is trading in the range of 937 to
954. Copper for feb contracts is expected
to trade positive today on the MCX. On the
Chinese market demand on the copper is expected to increase that will surely give
some support to MCX copper position.
Today calls
Buy silver(5
march) above 58875 tgt 58900, 59000, 59100………………..sl 58332
Buy cotton
(31 jan) above 16290 tgt 16300, 16320,
16340…………..sl 16200
Sell crude
oil (21 Jan) below 5110 tgt 5100, 5080, 5070……………sl 5200
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