After yesterday down fall in base metal, today some correction had seen in MCX metal. Nickel, copper and lead all are moving in positive side with good volume. Some more correction may be expected in evening. Some increment also expected due to cut in repo rates by RBI. While today precious metal are more positive and continue its yesterday movement.
Today gold MCX gold prices are open bit low, but unable to affect its movement, on intraday gold price touches a high of 29669 with an intraday low of 29481. On international market gold price also varying and move up and crosses $1600/oz. today gold last watched $1605.40 at 2.59pm.
Today Mcx silver open 54297 and touches an Intraday high of 54496 with a low of 54232. Silver for May contract are expected to go higher in the left trading session.
Mcx crude are in good position for May contact it rose up by more than +40 point.
Natural gas for 25 March delivery fails to continue its yesterday positive movement. Today on MCX it open at 211.40 and touches an intraday high of 212.20 with a low of 210.20. Natural gas for 25 march delivery showing a sloppy movement expected some more negative movement in down side.
Mentha oil for 30 marches showing bearish trend on intraday, on MCX it open at 1176 and go towards in red side. On intraday it touches a high of 1177.70 with a downfall low of 1143.20.
MCX cotton prices are open at 18740, today cotton showing a volatile movement for March contract. On intraday mcx cotton touches a maximum point of 18810 with a low of 18670.
Today MCX calls
BUY CRUDE OIL MAR ABOVE 5085 TARGETS 5100 , 5115 , 5135 STOPLOSS 5055
Buy silver above 54500 tgt 54550, 54600, 54700………sl 54300
Buy nickel above 903 tgt 905, 907, 910………sl 986
Buy gold above 29650 tgt 29680, 29710, 29750…………sl 29550
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