First
Day Trading of the starting of the week and month September seems to
be week as acoording to the global cues. More preciously the gold and
silver are trading surge at this hour. The Crude oil in the gloobal
and domestic marketing too showing some wekaness. currently
at Comex the gold is at 1,690 dollars per ounce and it is trading
with .25% of gain in the market. With 1.3 per cent the Comex silver
is approaching $ 32. And the the coppe ris trading with .25 percent
of gain.However at Nymex with 0.1 per cent of fall the crude oil
trading at 96.30 dollars a barrel.Also on ICE Brent crude slipped 0.5
percent to $ 114.50 a barrel is trading down.
Hence We recommend Crude oil MCX (September Futures)
to Buy @ 5300 with stoploss - 5250 and target – 5400.
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Have A Nice Day !!!!