Bullion(gold and silver)
After the morning red sign MCX is comes to the other direction. Bullion comes to the positive side after the morning red cover. Today in the morning gold fallen by more than -100 point but now working in the good green side. While the silver moving towards the positive side and expected a good sign in the left session. Movement in the yellow metal is volatile and expected to go lower.
Meanwhile the base metal is looking positive today, a good move is watching on the copper. Copper up by 3.55 point high and comes to 450.95 at 3:00pm and expected to go higher. Nickel Jan contract move with a green flag on the domestic market. Today nickel jump by 2.70 point On the MCX at 3:04 pm. Nickel have a strong resistance of 980, with a support level of 955.
Mentha oil has fall by 28.10 at 3:09 pm, today its open at 1413.40. Mentha oil has lost its position form the yesterday closing. Demand in the Mentha oil has reduced this year.
Today buy calls
Buy silver (5 march ) above 58120 tgt 58150,58200, 58250…………..sl 57800
Buy nickel (31 Jan) above 965.50 tgt 966, 968, 970…………sl 955
Buy copper (28 Feb) above 450.60 tgt 451, 453………….447
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