GOLD and SILVER
Today in commodity market in red side, gold showing strong
downwards trend on MCX. On MCX gold is expected to trade in the range of 30345-
29750. Currently on the opening day gold is looking very volatile for this
week. While white metal on MCX opens at 58195 its last close is 58418, silver
touch an intraday high of 58349 and low of 58195. Currently silver walking with
bearish trend on MCX, silver have a good support level of 56650 with a
resistance of 59160.
Buy gold above 30050 tgt 30100, 30200…30300………sl 29815
Sell silver below 58300 tgt 58240, 58165, 58100…58000…..sl 58968
BASE METAL
Base metal on MCX showing a red flag, today aluminum open at
positive side and trend is looking positive for intraday trading. Last week top gainer nickel today opens
slightly down from its last close it open at 989.80. Copper on the global market
trying to recover its position, copper in china showing some positive trend in
previous week that help domestic market copper price. For today’s trading
copper have strong support level 439 with a resistance level of 448.
Buy copper above 444 tgt 444.50, 445, 4445.50…………..sl 441
Buy nickel above 990 tgt 992, 995, 998……sl 979
Buy zinc above 115.60 tgt
116, 116.50, 117………sl 113
MENTHA and CRUDE OIL
Mentha and crude oil both are showing down trend and on MCX
expected to trade with are flag.
Buy mentha oil above 1282 tgt 1285, 1290, 1295…………sl 1263
Today intraday calls
Buy cotton above 16680 tgt 16700, 16720, 16750……….sl 16630
Buy crude oil above 5183 tgt 5190 ,5200,5215………..sl 5157
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