Their is no such major movement had seen on Monday two session of commodity trading, Mcx market are trading in positive zone but movement not satisfy the investor. Gold for future delivery expected to bound in the range of 29500 and 30000 in today trade. While white metal for delivery in December gain 0.36% to 48317 however made a intraday high of 48500. on evening session both the precious metal expected to run in green zone with a positive trend.
If we look at out crude flat trend is seen while graph showing a consolidate position around 6000 to 6050. today market is not looking in a mood to trade high due to US market close .
On MCX base metal copper and nickel price show some movement is seen in morning session after all not such healthy return is seen in afternoon trade. If we look on evening session some movement is expected above their opening position.
Buy gold dec 29800 tgt 29830/ 29875/ 29950 sl 29670
buy copper nov 458.25 tgt 459/ 460/ 461 sl 455.50
buy nickel nov above 883.50 tgt 885/ 887/ 890 sl 878
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