Mcx
bullion market going to down side in the evening session, both gold
and silver is bearish for medium long term. Cautious
point is buying at higer levels seems decreasing
now gold is trading in overbought level. While silver is in strong
downtrend , currently
trading down 0.52% or rs 230 at 44340. silver is coming down from the
selling level.
All
the metals in the base metals are trading in green. Most have seen at
1.73% lead and its June futures is trading at Rs 129.40. nickel is up
1.29% and aluminium and copper is trading with a gain of 0.8% .
If
we talk about the mentha oil is bearish, mentha oil open at 768 from
its previous close of 769. And on monday mentha oil trading down
-0.16% to 767.80. Menthaoil is moving sideways so short term
investor better to buy if close above 788.0 closing below 759.8 Sell
will happen.
MENTHA
oil Resistance and support-
Intraday
Resistance of MENTHAOIL are 776.4 : 782.6 : 788.8 : 797
Intraday
Support of MENTHAOIL are 761.6 : 755.4 : 749.5 : 741.5
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