Despite
the weakness in the international market, bullion
metals
has gathered momentum in
MCX. The
decline in rupee against the dollar has supported
the prices of
gold and silver.
Gold
prices can see further upside above 31200 level. Prices can elevate
to 31500-31750 level while breaching the support level of 3100 may
result in bearish trend in Gold commodity.
MCX
silver has reached 60600 level and facing immediate resistance at
around 61000 level. This precious metal can go up to 61500-61800
level above the resistance level of 61000. Intraday selling is
recommended below 61200.
MCX
Tips for Today: Crude prices are going up and one can buy mcx
crude above 4890 for the targets of 4940-4970-5000 level. Keep a
strict stoploss of 4840.
Copper
is the another pick for today's commodity which is currently trading
up 0.40%. Buy copper above 441 for the targets of 445-448.
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