Base metal:-
Today Indian commodity market look bearish rupees recovering at forex trading. At Mcx copper for future delivery look in downside , on intraday trading it open at 462.60 and advice to sell in deep with a stoploss of 475. Nickel also following a same trend with a support of 846 and a resistance of 900.
bullion :-Mcx gold and silver look in downside , silver prices expected below 49000 per kg in today intraday trade. While gold for October delivery are sluggish and negative on day evening session. Sell both the metal for short target in gold while sell silver with large target.
energy:-
in energies no positive fall is looking in today evening session but if dollar prices closes positive then might be mild correction in watched in crude oil. Today crude oil open at 6536 and made a high of 6546 with a low of 6498 per barrel.
Mentha oil and natural gas are volatile on Tuesday trade, natural gas is expected to bounce back at MCX on evening session. While mentha oil are bounded in the range of 880 to 845.
today MCX tips
SELL GOLD OCT BELOW 29670 TGT 29620/ 29570/29500 SL 29800
SELL SILVER DEC BELOW 48650 TGT 48550/48400/ 48000 SL 49100
SELL MENTHA OIL SEP BELOW 865 TGT 862/ 859/ 850 STOPLOSS 875
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