On Tuesday at Interbank foreign exchange, Rupees fall by 177 paise against US dollar to 66.07 per dollar, rupees continue falling against strong US currency due to increment in Dollar demand from banker and persistent capital outflow.
Due to weak currency Indian share market are fall in negative side , today SENSEX fall by -554.86 to 18003.27 while NIFTY fall by -177.05 to 5299.45 on day trading.
But declination in Rupees support yellow metal to jump in market, on intraday trading gold prices for future delivery jump by more than 3% and touch an intraday high of 32933 per 10 gram. More increment are looking on day trading and expected to crosses the new record of 33000 and more in upcoming session. While silver prices again show the level of 55000 per kg at MCX after a long time. Silver prices for future delivery look more high on evening trade and expected to cross 56000 on today trade.
BUY GOLD OCT ABOVE 32750 TGT 32850, 32940,33050 STOPLOSS 32600
BUY SILVER SEP ABOVE 55300 TGT 55400, 55550, 55700 STOPLOSS 54950
BUY CRUDE OIL SEP ABOVE 7000 TGT 7015, 7030, 7050 STOPLOSS 6950
BUY NICKEL AUGUST ABOVE 942 TGT 945, 948, 952 STOPLOSS 933