Bullion and
Base Metal
In the early
morning commodity is trading on the lower side, especially base metal is moving
on the red side. Today in the bullion market silver running on the green side
and cross the point of 59000. Silver move
more than 450 point high in the early trade and expected to go higher in the
next trading session. On the other hand yellow metal is following the white
metal and expected to go towards the point of 31000. On the MCX cotton is behave
every sensitive and showing positive trend from the early morning. Cotton is much
unexpected from the starting of the year, today cotton touch an intraday high
of 16350 and low of 16260. Cotton is expected to trade in the range of 16250- 16380.
Mentha and
Crude oil
Mentha oil
loss their support level and going down on the MCX , today mentha oil is down by -42.30 at 2:52 pm from its previous
close. Mentha oil is moving opposite to the crude oil, crude gaining its position
day by day. Demand in the crude oil is on the top this year.
Today calls
Buy cotton (31
jan)above 16320 tgt, 16350, 16380………sl 16270
Sell mentha
oil(31 Jan) below 1348 tgt 1345, 1340……….sl 1354
Buy silver
(5 march) above 59190 tgt 59250, 59300………..sl 58700
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