Correction in Indian currency against US dollar help commodity to back in green side, currently INR are trading at 59.05 per dollar which make a correction of 0.47 points.
On morning session we seen gold prices are traded in positive side with a small gain for future delivery, on intraday trade it touch a high of 25789. Similarly silver traded against yellow metal by its opening price and touch a low of 39690 with an intraday high of 40431. In evening trade bullion looks to recover with an increment in its opening position. Today MCX market are not trading with a such high swing a lazy beat are show on early two session. If we talk overall trade silver are on bearish trend and looking to same in this week.
Base metal are moves upside after a morning low trade, MCX copper, nickel , lead all are trading on positive side. A good demand are raised in copper in china market that support a domestic MCX copper, on intraday trade, in copper for evening trade sharp increment are looking for future trade. A good trend is looking in MCX base metal, all metal are in good position to buy for a long term.
BUY GOLD AUGUST ABOVE 25750 TG T 25800, 25850, 25900 STOPLOSS 25500
SELL SILVER BELOW 40150 tgt 40100, 39950, 39900 stoploss 40400
BUY CRUDE OIL JULY ABOVE 5780 TGT 5790, 5800, 5820 STOPLOSS 5730
BUY COPPER AUGUST ABOVE 412 TGT 413, 415, 418 STOPLOSS 404
BUY NICKEL JULY AOBVE 828 TGT 830, 835, 840 STOPLOSS 815
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