Due to strong Dollar position agianst Indian curreency crude oil traded in positive side with low trend in Domestic MCX. Today for future delivery it open at 6556 but as day passes a negative trend is hope in afternoon trade. If we talk about MCX Natural gas a sharp correction are seen on Tuesday morning form opening price , today natural gas for future delivery open at 204.20 and touch an intraday high of 406.10. more increment are looking in day trading with some volatile trend.
In base metal MCX copper and Nickel are performing well on intraday trade for future active delivery, today MCX copper open at 429 against its previous close of 428.20. similarly Mcx nickel gain some good point on intraday trade and touch a high of 857.30 after open at 850. Mcx lead and zinc also trading in positive side and a low volatile trend expected in today trade.
MCX Mentha oil and cotton are bearish on day trading , a huge fall had seen on opening hour in cotton prices and touch a intraday low of 20080. some correction is hope in cotton prices above 20150. however, Mentha oil for future delivery open in green side but low trend back to negative side. Today Mentha oil touch a low of 836.30 at 11:47 Am.
Today both are look volatile in day trading and some good correction in seen at MCX.BUY MENTHA OIL AUG 840 TGT 843, 847, 852 STOPLOSS 832
BUY COTTON OCT ABOVE 20150 TGT 20200, 20250, 20300 STOPLOSS 20000
BUY CRUDE OIL AUG 6570 TGT 6580, 6600, 6620 STOPLOSS 6530
BUY NICKEl AUG ABOVE 857.50 TGT 858, 860, 862 STOPLOSS 853
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