Today bullion open in positive
but fall on domestic market due to issue between North Korea and South Korea. The
issue between this country and interfering of China and US result in falling
price of gold and crude. Today Mcx gold
open at 29505 bit positive form yesterday close. On MCX for April delivery gold prices go for
maximum of 29525 with a low of 29432. There is also a fall in open interest
that by more than -15%. Gold is expected to turn on green side around 6:30 pm
and may be it crosses the 29600.
On MCX silver form morning
no positive movement had seen from its opening price it continue falling and touch
a intraday low of 52501. Today MCX support a bearish trend, on Tuesday morning it
opens at 52847 and from that position it fall on MCX for May delivery. On MCX
silver price is look very dull and negative but some positive data is expected from
silver on evening.
Crude oil on domestic market
looking on red deep side, an issue between North Korea and South Korea affect
its price. MCX crude oil for future delivery opens at 5281, with an intraday
high 5292 with a low of 5268. Crude oil are look little slow and dull on MCX
while trading on spot market. Low positive movement may be expected in evening with
mostly on red side.
Base metal are bearish and
showing a red flag on MCX. Nickel for April delivery trade low and negative side,
today it open at 908.70 and from its opening position trying to move to green
side but falling in china market result base metal on negative side. Copper, zinc, aluminum and lead all are traded
with a sloppy movement. Some corrections are required on base metals.
BUY MENTHA OIL ABOVE 1048
TGT 1050, 1055, 1060…………….SL 1036
SELL COTTON BELOW 19210 TGT
19200, 19180, 19150.SL 19270
BUY CRUDE OIL ABOVE 5290 TGT
5300, 5310, 5320…………….SL 5260
SELL SILVER BELOW 52480 TGT
52440, 52360, 52280……………..SL 52680
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