Today commodity market is on worst side, all commodity are playing towards the back side from its opening position. Today bullion is on its toe, on Monday morning gold prices are open at 26888 and continue fall to hold its position and comes to intraday low of 26755. On overseas market gold fell more than 1 percent, gold price had fall by more than $ 12 an ounce to $1436.
Intraday Resistance 270501, 27200
Intraday support 26610, 26500
Silver for July delivery are trading on dull side, on intraday market at MCX it open at 44901 with a high of 45250 and low of 44861. Some correction might be seen on evening trade but if we talk about overall trend bullion are expected to trade with flag. Intraday Resistance 45380, 45510
Intraday support 44850, 44700,
Crude on intraday fall by a sharp edge, on MCX it open at 5237, on morning session it shows some high move but fail to continue to same movement and touch an intraday low of 5224 with a high of 5246.
While MCX metal shows some positive remark on early trade, copper for June delivery touched an intraday high of 411.55 and with a low 407.30 after open at 409.20. Today on domestic market copper are looks more sluggish with a low volatile movement. MCX nickel holds a low position after opening at 848.10. On intraday market nickel seems to be bearish with some correction near 8 pm.
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today mcx advice
Buy nickel May above 848 tgt 850, 852, 855………sl 841
Buy copper June above 409.50 tgt 410, 411, 412.50………..sl 406.50
Buy silver above 45050 tgt 45150, 45300, 45400………..sl 46700
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