After morning strong lead gold silver fell to continue on track, today it open at 26463. At MCX for future delivery it touches a high of 26537 with a low of 26272. Similarly on early trade gold rose 0.30% to $ 1394. Meanwhile white metal are also open in green side but open interest not supporting the trend and silver touch an intraday low of 43211. On Friday early morning silver shows some positive reaction and touch a high of 43665.
In evening bullion looks to bounce back with some correction in domestic commodity market. At Multi commodity exchange for future trade bullion might be work high in upcoming weeks.
Copper at Multi commodity exchange traded high on early hour but after touching a day high of 409.70 it falls in reverse direction and trading at negative side a touch a low of 406.40, today it open at 408.20. Similarly today nickel for May delivery open at red side to 828.30, form morning it show a bearish trend.
Today it touches a high of 830.40 with a low of 823.
Today MCX lead and zinc show choppy movement with positive reaction, lead for May delivery open in down side but continue a positive movement in intraday market. Global lead demands are increasing in Asian market, which favors domestic market and in upcoming month a good sell are supposing on domestic and global market.
Domestic crude are trying to recovery with a small correction, today it open at 5215 at same position where it close on yesterday. Crude for June delivery touch an intraday high of 5250 at MCX. On evening session crude oil is expected to trade quite positive in the range of 5185 to 5289.
Today MCX calls
Sell silver below 43200 tgt 43100, 43100, 42900 ----……….sl 43800
Buy crude oil above 5230 tgt 5240, 5250, 5260………sl 5200
Buy lead above 113.90 tgt 114.20, 114.70, 115.50……………sl sl 111
Buy nickel above 826 tgt 828, 830, 835……………….sl 815
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