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MCX Commodity Market On Rise :- Previous metals is expecting to trade with upward bias taking cues from firmness in the global markets along with weakness in the DX. In the domestic markets appreciation in the Indian rupee will act as a bearish factor for the precious metals on the MCX.
Gold Trend Today :- Gold prices are witnessing the effect of the rupee strength where as Nymex gold prices have broken the previous peak at 1795. One can buy on dips around 31000 – 30950 with a stop loss below 30850.
Silver Updates :- Silver prices are expected to trade within the range from 63000 to 61800. One can sell if sustained below 61800 strictly for intraday with 62400 stop loss.
Crude Oil Trend :- Crude price did hold the support at 4595 and bounced backed we expect prices to test 4755 – 4785 where one could look for profit booking.
MCX Tips Today :- Copper (Nov) Sell Below 432.5 for target 428.5 425 with stop loss of 434.8 with Sideways Trend.
NCDEX Tips Today :- Chana Nov’12 Buy 4297 for target of 4380 4415 with stop loss of4247.
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