Dollar touch a 8 month low today , rupees strong against dollar on Thursday trade by gain 0.72 paise to 61.76 at inter bank foreign exchange. Indian bullion market are positive in today trade, on Thursday early morning gold made a high of 30120 while silver made a high of 48729.
on evening trade some negative trend is looking in bullion prices , gold prices expected to fall in downside below 30000 while silver may be seen downside below 48000.
a sharp fallen is observed in copper prices on evening session, today copper are volatile on morning trade while on evening a bearish trend below 457. on all base metal a heavy declined is especially in nickel, zinc and copper.
However in energies commodity crude oil shown consolidate position near 6440 since morning at MCX. If rupees close more bearish below 62 then crude oil might be seen in downside below 6400.
SELL GOLD OCT BELOW 29880 TGT 29850 / 29800/ 29700 SL 30025
SELL SILVER DEC BELOW 48200 TGT 48100/ 47950/ 47800 SL 48600
SELL COPPER NOV BELOW 457 TGT 456/ 454.50/ 453 SL 460
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