Today in Indian commodity market a bearish trend is seen from morning session, a sharp declined had seen on gold and silver prices after a continuous increment on intraday trading for future delivery. But again a correction is looking in gold silver prices due to increment in physical buying in China and India. Global precious metal demand is going to Rise on end of August , today silver prices drop by near 4% and touch a low of 49167 . however, gold prices touch a low of 30240 for October delivery at Mcx.
If we move towards energies commodity crude oil, natural gas and mentha oil all are trading in downside on Tuesday morning session, today natural gas fell by -1.13% and touch a low of 216.60 after a 3 continuous positive session. Mcx mentha oil for future delivery prices declined by more than -1.94% and touch a low of 856.20 after open at 871.20.
In base metal a negative session is continued form morning , MCX copper, nickel , Zinc , lead and aluminium all are watched in downside after a morning low positive trend. Today Mcx copper touch a low of 461 , nickel 920.40, lead 137.80 and zinc 121.35 on intraday trading for future delivery.
In today Remaining session more declined is expected with some mild correction on evening trading.
Intraday MCX tips
BUY COPPER AUG ABOVE 465 TGT 466, 468, 470 STOPLOSS 460.50
BUY NICKEL AUG ABOVE 932 TGT 935, 938, 942 STOPLOSS 923
BUY SILVER SEP ABOVE 50400 TGT 50500, 50650, 50900 STOPLOSS 49900
BUY GOLD OCT ABOVE 30900 TGT 30960,31050, 31200 STOPLOSS 30550
If we move towards energies commodity crude oil, natural gas and mentha oil all are trading in downside on Tuesday morning session, today natural gas fell by -1.13% and touch a low of 216.60 after a 3 continuous positive session. Mcx mentha oil for future delivery prices declined by more than -1.94% and touch a low of 856.20 after open at 871.20.
In base metal a negative session is continued form morning , MCX copper, nickel , Zinc , lead and aluminium all are watched in downside after a morning low positive trend. Today Mcx copper touch a low of 461 , nickel 920.40, lead 137.80 and zinc 121.35 on intraday trading for future delivery.
In today Remaining session more declined is expected with some mild correction on evening trading.Intraday MCX tips
BUY COPPER AUG ABOVE 465 TGT 466, 468, 470 STOPLOSS 460.50
BUY NICKEL AUG ABOVE 932 TGT 935, 938, 942 STOPLOSS 923
BUY SILVER SEP ABOVE 50400 TGT 50500, 50650, 50900 STOPLOSS 49900
BUY GOLD OCT ABOVE 30900 TGT 30960,31050, 31200 STOPLOSS 30550
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