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Mcx Commodity market opened positive side, Mcx gold and silver showing bullish trend . Currently gold is in uptrend and the trend is supported the good volume now gold august is trading rs 77 or 0.28% to 27541. Mcx silver is in short bull phase, The silver is now showing sell signal. The silver is crossed the high but the trend was not strong.
Agri commodities futures momentum of rain most of the sharp decline. NCDEX chana prices have fallen about 2.5 %. Castors, soybean, mustard, and wheat also dominates selling. The government has indicated its course against those who have had an impact on the market. Sowing of kharif pulses and oilseeds as well as rain is expected to improve.
Mcx gold sell below 27600 target 27490/27440/27390 stoploss 27650
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