After morning positive walk gold fallen down in other direction. Due to depreciation in US dollar gold changes it direction. While white metal is working on constant point but on positive side and some high movement may be seen near 3:00 pm.
On the MCX crude oil for February contract drop own some point from morning opening level. Currently crude oil is observing in negative side and movement showing more fallen current position its current position is 5220.
On Base metal aluminum ,lead , zinc all are working on green side, today nickel have a good support level of and expected high movement today.
Intraday tips :-
Buy nickel (31 Jan) above 962 tgt 963, 965, 970…..sl 955
Sell gold (5 feb) below 30200 tgt 30170, 30130,30100………….sl 30360
Buy aluminum (31 Jan) above 109.50 tgt 109.70, 110, 110.60 ………..sl 107
Buy cotton (31 Jan) above 16650 tgt 16670, 16690, 16710………sl 16540
Buy zinc (31 Jan) above 112.35 tgt 112.50, 112. 70 ,113…………sl 110