Base metals trading with a mixed reaction, on Thursday morning
MCX copper open at 402.90 bit down against its last close at 403.95. Currently
copper price are on reverse movement, today on MCX for June delivery it touch an
intraday high of 403.75 with a low of 399.70.global copper price also floating
with an unstable position.
MCX nickel moving on
upper side after a slow start for May delivery, on intraday trade it touches
a high of 839.20 with a low of 828.40. For today trading nickel prices are
expecting to trade bit positive in evening session.
Lead for May delivery showing sluggish movements on intraday
trade at MCX, on MCX lead prices are open at downside form its yesterday close
and open at 111.05. Some correction might be seen around 7 pm.
Not so much movement had seen in Zinc and aluminum before a week,
day by day prices are falling down on domestic market in physical buying. On
MCX today zinc prices open at 101.45 for May delivery with an intraday high of 101.85
and low of 101.most metal are behaving rude with a support red flag but many analysts
believing supporting some good correction in upcoming weeks.
MCX gold prices this week support a good show, regularly showing
a correction on its position. Today on MCX yellow metal open at green side with
a +74 point against its yesterday close. On intraday market it touches a high level
of 27188 with a low of 27087. Silver price also raise continuously, on early
trade today silver prices jumping more than +400 point. Today Silver for July
delivery opens at 45094 with a high of 45418 with a low of 45094.More correction
is expecting from bullion on evening trading with a high jump.
Today MCX calls
CALL SELL COPPER JUN
BELOW 402 TARGETS 400.5, 399, 397.5 STOPLOSS 405
BUY GOLD JUNE ABOVE 27200 TGT 27250, 27300, 27350………..STOPLOSS
27050
BUY SILVER JULY ABOVE 45350 TGT 45400 45500, 45600…………STOPLOSS
45100
BUY NICKEL MAY ABOVE 835.50 TGT 836.50, 838.50. 340.50….STOPLOSS
830.50
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