Bullion (gold and silver)
On the domestic market as Gold is expected to open in
positive it open at 30599 forms its last close at 30581. On MCX Feb contract
gold is expected to trade in the range of 30700-30300.Today US market is closed
that will affect Asian market. Silver for March contract is looking positive
today on MCX. On domestic market silver is expected to go near 60000 in today
trading.
Today’s copper open slightly lower to its previous close, it
open at 438.50. Today euro group meeting may be affect base metal and EURO. On the
Domestic market copper price is looking volatile and seems mostly on red side. Currently
copper is traded at 438.55 at 10:34am. Copper have a good support level of 432
and a resistance of 442.
Crude oil
This week crude oil movement is looking volatile for Feb contract.
Today morning crude is open at 5164; some positive turn is expected on Domestic
market. Crude trend range bound between 5100 – 5200.
Cotton
Jan cotton on the MCX traded positive at 16400 up by 20 point
from its last close. This week cotton price is moving slightly high as compare to
its past weeks.
Today tips
Buy silver (5 march) above 59550 tgt 59600, 59700………..sl 59300
Buy gold (5FEB) above
30640 tgt 30700 ,30750…….sl 30465
Buy crude above 5170 tgt 5180, 5200……sl 5130
Sell cotton (31 Jan) below 16380 tgt 16370, 16350…………sl 16470
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