Mcx
commodity market continue with its down trend, all commodity seen in
negative zone. Mcx gold and silver metal going to down side with
heavy prices. Mcx silver down above 1 % or rs 471 at 42758.
Crude
oil has also come under pressure . The U.S. Energy Department report
came yesterday , which says that U.S. crude oil production increased
in April and may . MCX crude oil slipped 0.75 per cent at Rs 6235 has
come down . With marginal gains of 0.1 per cent , while natural gas
is above Rs 275 .
The
decline in base metals . Copper prices fell 0.5% and the price has
come down to Rs 405 . Nickel has the largest decline , down 3.5%,
which is close . Although the nickel price remains above Rs 1,000 .
1% of aluminum , lead and zinc 0.6% to 0.7% is looking weak . The
dollar rally has put pressure on the MCX and has had an impact on
domestic market .
BUY
SILVER Above 42715.00 T1- 42986, T2- 43086, T3- 43186 stoploss
42501
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