Today
market showing a bearish trend since morning, correction in rupees not enough
to get back bullion in positive side. At MCX
bullion are trading low on intraday trade for future delivery, gold for august
delivery open at 27863 and touched an intraday low of 27685. In evening trade
same trend are following in evening trade.
White
metal are also following yellow metal for future active contract, today silver
fall by more than -300
point on intraday trade,
silver prices are expecting for fall more in intraday trade with some correction on evening trade.
Crude
oil and lead showing a mixed reaction on intraday trade, on Wednesday morning
crude oil open in downside but a good recovery had seen in afternoon trade,
crude for future delivery touched an intraday high of 5545 after opening at
5512 and low of 5492. Open interest support the trend but some red sign must be
seen in crude in evening trade.
Lead
prices are slipping on intraday trade in this week due to negative trend in
rupees, but on Wednesday morning a small correction are seen in lead prices for
June trading. In evening mixed reaction are expected with same trend
with average volume.
Buy
crude above 5525 tgt 5530, 5535, and 5550++……sl 5480
Buy
lead above 122.50 tgt 122.80, 123.50, 124……………sl 120
Sell
gold below 27650 tgt 27620, 27550, 27500---……. 28015
Sell
silver below 43350 tgt 43300, 43250, 43100…………sl 43800
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