After the
good start on the MCX base metal fall in the other direction. Meanwhile the movement
in the bullion is still low, silver is continuing with the green flag. On the
other hand the movement in the gold is not looking in the good condition. Crude
oil lost it position and showing lots of up and down in the market. Indian government
raises a import duty on gold by 2%. Due to this bullion is required a strong support
level.
Today the
movement in the commodity market is not strong. Rupees position also affects
the movement of crude and gold on the Indian market. Mentha oil support a red
sign for the Jan contract.
Today calls
Buy gold tgt 30950, 31000…….sl 31500
Sell cotton tgt
16420, 16400…..sl 16500
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