Today’s base metal showing a medium reaction on MCX, Nickel open positively and showing a slow little movement. For intraday trading nickel is good to sell below 983. Resistance for nickel is996,998 with a support level of 972,970. Today on MCX copper is open at 445.35 slightly low from yesterday close. for intraday copper showing a strong upside movement with good volume .
Sell nickel below 983 tgt 981, 979,975………sl 991
Buy copper above 446 tgt 447, 448, 449……sl 443
Today Gold is open at downside by -21point and open at 30442. Some positive movement is expected from gold in the afternoon. In the early morning both metals showing red color. On one hand gold touch an intraday low of 30378 while silver touches an intraday low of 56500.
Sell silver below 56550 tgt 56500, 56450, 56350…………sl 56750
Sell gold below 30375 tgt 30350, 30300, 30275………sl 30475
On MCX cotton is the most top gainer from last week, cotton continue its good performance today also and open 17140 and touch an intraday high of 17210. Cotton is expected to go higher on intraday trading.
Buy cotton above 17140 tgt 17160, 17200, 17230…………..sl 17050
Sell mentha oil below 1375 tgt 1372, 1369, 1365………….sl 1385