After morning positive trade domestic
MCX market seems to turn in red side, hot gold and silver for future
delivery gain some correction in morning session but low overseas
support and Weak US jobs data forcing the market in negative side. If
we move towards base metal a weak and low movement are seen on
intraday trading today MCX copper for future trade fall from opening
position and touch an intraday low of 425. some positive correction
is expected in metal on afternoon trade at MCX. MCX nickel and Lead
prices are hopes to some gain in noon meanwhile in evening trade some
positive volatile data is expected.
MCX energies commodity are negative on
intraday trading , MCX crude oil prices for future delivery fluctuate
on day trading on Monday fresh start. At MCX crude oil is open at
6532 and touch in intraday high of 6560 with a low of 6518. Mentha
oil for future delivery are weak but positive on MCX , a low trend
is seen on intraday trading on evening trade . Today it touch a low
of 879.20.
Intraday calls
BUY GOLD OCT ABOVE 28050 TGT 28100,
28150, 28250 STOPLOSS 27870
BUY SILVER SEP ABOVE 41980 TGT 42050,
42130, 42250 STOPLOSS 41800
BUY COPPER AUG ABOVE 427.50 TGT 428,
429, 431 STOPLOSS 425
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