Today Indian currency moves up on green side from early morning,
Indian rupees up by 10 paise against US currency. But no positive result comes
on domestic market metals. On Domestic commodity market base metal are trying
to recover from dark red side, today on
MCX copper prices are moving with green flag.
MCX nickel future delivery rose up by more than 4 point and touches an
intraday high of 885 against its last close. Nickel for April delivery touches an intraday
low of 879.80. today nickel are experience volatile movement but mostly on positive
side and on evening some more high movement are expected on spot market.
On overseas market lead demand has raised on the spot
market, but some it not support domestic market lead prices. On MCX nickel for
April delivery open at 113 and touches an intraday high of 113.10 against its
previous close at 112.05. Lead prices on domestic market are expected to grow
due to increasing in demand of batter maker. Copper for April delivery are
trading slightly high to its last close. On domestic market copper prices
trying to charge for April delivery, on early Friday morning MCX copper opens
at 412.40 and touches an intraday high of 413.90 and low of 411.05. On spot market
copper looks bullish with low movement and good demand in upcoming weeks.
Today MCX most traded commodity GOLD, SILVER and CRUDE
traded low on negative side. On early trade crude oil goes to green side but
lower demand pushes it back side. Crude for April delivery open at 5077 bit low
against last close and touches an intraday low of 5038. This year crude oil is
expecting to trade in the range of 5000 to 5300 in the first quarter. Whereas gold
and silver prices are looks bearish with high negative movement. On spot market gold for June delivery fall by
more than -160 point against its last close 29184. On intraday gold touches a
high of 29229 with a low of 28945. Today movement of gold is bearish and no
high positive movement is expected but some correction where expecting on
evening session.
Today calls
Buy silver May above 51300 tgt 51400, 51500, 51600………….sl
51000
Sell gold June above 29030 tgt 29000, 28970, 28930…sl 29130
Buy natural gas April above 227.50 tgt 228, 228.50, 229.50…………sl
225.50
Buy mentha oil April above 1030 tgt 1035, 1040, 1045……sl 1015
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