After morning positive trade domestic MCX market seems to turn in red side, hot gold and silver for future delivery gain some correction in morning session but low overseas support and Weak US jobs data forcing the market in negative side. If we move towards base metal a weak and low movement are seen on intraday trading today MCX copper for future trade fall from opening position and touch an intraday low of 425. some positive correction is expected in metal on afternoon trade at MCX. MCX nickel and Lead prices are hopes to some gain in noon meanwhile in evening trade some positive volatile data is expected.
MCX energies commodity are negative on intraday trading , MCX crude oil prices for future delivery fluctuate on day trading on Monday fresh start. At MCX crude oil is open at 6532 and touch in intraday high of 6560 with a low of 6518. Mentha oil for future delivery are weak but positive on MCX , a low trend is seen on intraday trading on evening trade . Today it touch a low of 879.20.
Intraday calls
BUY GOLD OCT ABOVE 28050 TGT 28100, 28150, 28250 STOPLOSS 27870
BUY SILVER SEP ABOVE 41980 TGT 42050, 42130, 42250 STOPLOSS 41800
BUY COPPER AUG ABOVE 427.50 TGT 428, 429, 431 STOPLOSS 425
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